Ben Bajarin on why Credo's full-stack interconnect ownership (SerDes, DSP, photonics) drives its next growth phase
BenBajarin · x · 2026-09-18
Creative Strategies analyst Ben Bajarin published 'Credo's Next Phase of Growth', laying out his bull case:
- Core thesis: vertically integrated companies hold more sustainable advantages, and the market still underweights this for Credo
- Credo has plenty of runway left in AEC and ALC, while the market undervalues what DustPhotonics adds as interconnect designs move to NPO, CPO and scale-in
- DustPhotonics gives Credo control of the photonic chip alongside its own SerDes, optical DSP and firmware — owning the SerDes is particularly important
- In its July scorecard, Credo earned Creative Strategies' highest score for current-cycle strength, role in easing key connectivity bottlenecks, and scale-up opportunity
Full report is paywalled; summary based on the public portion.
More from Venture
- AI CFO startup cfo.ai says Ari is growing faster than any month in its history — soleio · 2026-09-18
- Y Combinator has backed 106 AI observability startups to rein in rogue AI agents — TechCrunch AI · 2026-09-18
- A $3 trillion insurance portfolio ran on an Excel-built system — so Delegance Brokerage was born — CShorten30 · 2026-09-18
- Menlo report: AI adoption flat but consumer spend tripled to $40B — Keeltoodeep · 2026-09-18
- Mozilla report: open-weight models 4 months behind frontier, Qwen hits 942M downloads — rohanpaul_ai · 2026-09-18
- Critic says Cory Doctorow's AI revenue estimates assume Google, Meta get near-zero genAI upside — NathanpmYoung · 2026-09-18