The market agreeing with you is not always comfortable.

Credo’s Q4 made the company look stronger: revenue up 157%, FY26 revenue more than tripled, 68.3% gross margin, and FY27 revenue guided above 80% growth.

But it also made the stock less forgiving.

The old opportunity was that investors misunderstood Credo. The new challenge is that they understand enough to demand proof.

Can Credo extend its reliability advantage from copper into optics? And can it keep platform-like margins while doing it?

That is the entire debate now.