Rumor
Broadcom CEO Hock Tan provides strategic support for Credo Technology Group
Thursday, March 5, 2026 at 02:31 PM
Broadcom CEO Hock Tan has reportedly expressed support or provided a strategic boost for Credo Technology Group, signaling a strengthening relationship within the AI networking and connectivity infrastructure supply chain.
Context
During a March 2026 earnings call, Broadcom CEO Hock Tan provided significant strategic support for Credo Technology Group (CRDO) by stating that its custom chip clients would be staying with direct attach copper (DAC) cables for short-reach connectivity. This endorsement is critical as Credo is a leader in Active Electrical Cable (AEC) and connectivity solutions, and Tan’s comments suggest a stable, high-volume market for copper-based interconnects despite the broader industry push toward optical solutions. This 'support fire' from Broadcom helped solidify Credo's position as a vital partner in the AI data center supply chain.
Following these remarks and the company's Q3 2026 results, Credo reported massive growth, with revenue reaching $407 million, a 201.5% increase year-over-year. The company achieved a record non-GAAP net income of $208.8 million and a gross margin of 68.6%, driven by the expansion of 200G per lane and Blue Heron retimer products. While the stock saw a brief 3.75% after-hours dip due to rising operating expenses, the strategic alignment with Broadcom and a new partnership with TensorWave for AMD AI clusters highlight Credo's accelerating momentum in the 1.6T connectivity market.
Sources (6)
Credo Technology Group Holding Ltd - Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2026 Financial Results
Earnings call transcript: Credo Technology Group Q3 2026 sees robust growth By Investing.comSiTime at Morgan Stanley Conference: Strategic Growth in Timing ...Credo Tech (CRDO) Q3 2026 Earnings Call Transcript - AOL.comCredo surges, Lumentum and Coherent slump after Broadcom says ...Credo & TensorWave Team Up to Power Next-Gen AMD AI Clusters
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