Latest news with #PCIeGen6
Globe and Mail
21-07-2025
- Business
- Globe and Mail
CRDO Eyes Growth: Will Retimer Business Fuel its Revenue Engine?
The PCIe interface continues to play a vital role in AI clusters, enabling high-speed connections between GPUs, CPUs and endpoints such as Smart NICs and NVMe storage. As AI workloads become increasingly complex and large-scale, the need for faster data transmission and more efficient hardware interconnects has grown significantly. Credo Technology Group Holding Ltd. 's ( CRDO ) sophisticated retimer solutions address these demands by minimizing data transfer bottlenecks and improving overall system performance and connectivity. Credo's retimers and PCIe OSFP-XD AECs improve PCIe cabling by overcoming limits of PCB and passive cables in PCIe 6.0/7.0 systems. By placing retimers on the PCB or in the cable, they reduce insertion loss and extend reach up to seven meters for in-rack and rack-to-rack use. Strong Retimer sales are driven by its 50G and 100G Ethernet solutions, which offer key features like MACsec encryption, gearboxing and software support. CRDO's customers now include top AI server makers and switch vendors, highlighting strong demand in AI systems. For fiscal 2026, it anticipates robust growth as more customers transition to 100G per lane solutions and seek system-level and software expertise for complex AI architectures. The new PCIe Gen6 Retimer family, led by the 2CAN Retimer, passed PCIe compliance testing and demonstrated strong performance. Live demos at GTC, OFC and Computex with two top ODMs confirmed its capabilities. Customer interest in PCIe Retimers is rapidly growing, with design wins anticipated in 2025 and production revenues in 2026. The company's strength lies in its advanced SerDes technology, a customer-first approach and system-level innovation that offers improved latency, reach and power efficiency. Its PILOT telemetry software also accelerates development, boosts yields and enhances system monitoring—key advantages highlighted by customers. Per a report from Verified Market Reports, the PCIe Retimer market size was valued at $1.2 billion in 2024 and is projected to achieve $2.8 billion by 2033, at a CAGR of 11.5% (2026-2033). Credo's retimer business is a clear engine of growth and innovation. In tandem with its Retimer business, the company is well-positioned to benefit from its Optical DSP and AEC offerings. CRDO expects its revenues to exceed $800 million in fiscal 2026, implying year-over-year growth of more than 85%. CRDO's Cut-Throat Competitors in the PCIe Retimer Market Astera Labs ( ALAB ) develops semiconductor-based connectivity solutions tailored for cloud and AI infrastructure. ALAB is advancing next-gen data center infrastructure with the introduction of a PCIe 6-ready reference design based on NVIDIA Blackwell-based MGX platform that leverages Scorpio Smart Fabric Switches for AI and cloud infrastructure. It has showcased the first end-to-end PCIe 6 interoperability with NVIDIA's Blackwell GPU and Micron's NVMe SSD, with both Aries 6 PCIe Smart Retimer and Scorpio-P PCIe SmartFabric Switch. It has emerged as a key player in next-generation data center connectivity, with a full-stack portfolio spanning PCIe 6.0, Ultra Accelerator Link and CXL 3.0. The company has moved its Scorpio PCB switches and Aries 6 retimers into volume production, set to ramp up in late second-quarter fiscal 2025 for AI rack-scale systems. It also launched the Aries 6 PCIe Smart Gearbox to link PCIe 5 and PCIe 6, with several hyperscalers using it for AI and compute platforms. A cutting-edge product lineup, combined with solid demand from hyperscalers, is projected to support its long-term revenue growth. San Jose, CA-based Broadcom ( AVGO ) is a premier designer, developer and global supplier of a broad range of semiconductor devices. Targeting enterprise, hyperscale data centers and service providers, its portfolio includes advanced technologies such as DSP, Ethernet, optical interconnect, PCIe, SerDes, XPU and physical layer solutions, all aimed at enhancing performance and connectivity across AI-driven infrastructure. It has launched its PCIe Gen 6 portfolio, featuring high-port switches and retimers tested for interoperability with partners like Micron and Teledyne LeCroy. AVGO's in-house SerDes technology and collaboration with ecosystem partners aim to support scalable AI clusters. CRDO Price Performance, Valuation and Estimates Shares of CRDO have surged 216.6% in the past year compared with the Electronics-Semiconductors industry's growth of 27.9%. In terms of the forward 12-month price/sales ratio, CRDO is trading at 18.86, higher than the Electronic-Semiconductors sector's multiple of 8.78. The Zacks Consensus Estimate for CRDO earnings for fiscal 2026 has seen a significant uptick over the past 60 days. CRDO currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO): Free Stock Analysis Report Astera Labs, Inc. (ALAB): Free Stock Analysis Report
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Credo Bets Big on AEC Business: Will It Deliver Sustainable Growth?
Credo Technology Group Holding Ltd CRDO is placing a strategic bet on its Active Electrical Cable ('AEC') product line. AEC business delivered double-digit sequential growth in the fiscal fourth quarter of 2025. Importantly, three hyperscalers each contributed more than 10% of quarterly revenues, underscoring the increasing market for Credo's solutions. The growth is driven by its increasing adoption in the data center market. CRDO highlighted that AECs are fast becoming the 'de-facto standard for intra-rack applications.' The demand is increasing as ZeroFlap AECs offer more than 100 times improved reliability than laser-based optical solutions. It offers improved signal integrity compared with traditional direct attached cables ('DACs'). This made AECs an increasingly attractive option for data center applications, contributing to the new expansion of AEC usage and further solidifying Credo's position in the market. Moreover, Credo's system-level approach is giving it a competitive edge. It owns the entire stack of SerDes IP, Retimer ICs, system-level design, qualification and production. This integrated approach allows faster innovation cycles and strong cost efficiency. With demonstration of PCIe Gen6 AECs for scale-up AI networks, strong customer growth and increasing hyperscaler interest, this product line is expected to remain a growth engine going ahead and drive overall revenues. Apart from AEC, CRDO stands to gain from its Optical DSP and retimer product lines. For fiscal 2026, Credo anticipates revenues to surpass $800 million, implying more than 85% year-over-year growth. Catalysts Driving Top Line for Competitors CRDO's main competitors are Broadcom AVGO and Marvell Technology MRVL. Broadcom is a leading player in the semiconductor market. AVGO is gaining from strong AI momentum as it witnessed increasing demand for networking and custom AI chips. It reported 20% revenue growth in the last quarter, driven by strength in AI semiconductors and the momentum in VMware. AI semiconductor revenues of over $4.4 billion jumped 46% year over year, with AI networking improving more than 170%. Broadcom projects AI semiconductor revenues to reach $5.1 billion in the third quarter of fiscal 2025, up nearly 60% year over year and representing the 10th consecutive quarter of AI growth. Heavy demand for Broadcom's Ethernet-based networking portfolio, which includes Tomahawk switches, Jericho routers and NICs bodes well. Marvell Technology's top-line performance continues to be driven by a strong demand environment across the data center end market. Higher demand for AI-driven custom silicon and strong shipments of electro-optics products for AI and cloud applications are driving data-center revenues. The segment accounted for 76% of the quarter's total revenues in the last reported quarter. Ongoing recovery in carrier infrastructure and enterprise networking end markets is another catalyst. MRVL expects revenues to be $2 billion (+/- 5%) for the second quarter of fiscal 2026, indicating growth of 57% year over year at midpoint. It expects data-center revenues to increase in the mid-single-digit range sequentially and maintain strong year-over-year growth. CRDO Price Performance, Valuation and Estimates Shares of CRDO have gained 28.7% over the past month compared with the Electronics-Semiconductors industry's growth of 9.9%. In terms of the forward 12-month price/sales ratio, CRDO is trading at 20.75, higher than the Electronic-Semiconductors sector's multiple of 8.75. The Zacks Consensus Estimate for CRDO earnings for fiscal 2026 has seen a significant upward revision over the past 60 days. CRDO currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Credo Technology Group Holding Ltd. (CRDO): Free Stock Analysis Report
Miami Herald
25-06-2025
- Business
- Miami Herald
AMD stock pops as Wall Street raises the bar
Most of the AI hype train has hit a slowdown this year. However, AMD (AMD) clearly didn't get the memo, as its stock continues cruising past the noise and outpacing the market. Don't miss the move: Subscribe to TheStreet's free daily newsletter Once viewed as a traditional semiconductor play, AMD's now gunning for a much bigger role in the AI arms race. With tech stocks still under duress, AMD's rally sticks out. Naturally, it has triggered the usual bubble chatter. But Wall Street's heavy hitters think it still has plenty of gas left in the tank. Image source: Cheng/AFP via Getty Images Under the dynamic leadership of Lisa Su, AMD has gone from being a laggard in the AI race to becoming mission-critical in powering its infrastructure. Related: Tesla's robotaxi rollout runs into trouble Su's "open-standards, rack-scale" strategy essentially means that AMD is building all the pieces of a data-center rack. This robust package includes the seamless workings of its high-performance CPUs (its 5th-generation EPYC line), AI-focused GPUs (the new Instinct MI350 series), and smart network cards (Pensando NICs). In other words, it's offering a complete, plug-and-play stack, going toe-to-toe with the tech giants in massive server farms. In June, AMD unveiled the Instinct MI350 accelerators, delivering roughly four times the speed of its predecessors in running and training AI models. Additionally, the tech behemoth previewed its next big server CPU, code-named "Venice," built on a novel 2-nanometer chip process with up to 256 cores and the latest PCIe Gen 6 connection standard. Put simply, that means the chips fit more computing power into the same space and move data a lot quicker between different components. However, AMD isn't just resting on its hardware game. AMD has leveled up its software tools in ROCm, making it easier for engineers to run AI apps on its gear. Also, it has already landed a whopping $10 billion in commitments from major Middle East players in developing AMD-powered AI systems. In strengthening its bull case further, AMD's MI325X killed it in an MLPerf v5.0 showdown. More on Tech: Tesla robotaxi launch hits major speed bumpRobotaxi rivalry heats up as new cities come onlineStruggling EV semiconductor company files for bankruptcy It raced past Nvidia's NVDA setup by fine-tuning Meta's Llama 2-70B model 8% faster and scaling without a hitch. It's no wonder OpenAI is already on board for 2026. AMD stock went on a tear Monday, jumping 7% to close at $138.43 following CFRA's upgrade. The Wall Street research firm CFRA gave a major nod to AMD, pointing to new products and rising revenues. Related: Circle stock goes parabolic after Capitol Hill surprise Analyst Angelo Zino raised his rating to strong buy from buy and upped his price target to $165 from $125. That represents a 19% upside from AMD's current price. In his note to clients, Zino said, This comes on the heels of another rating bump, with Melius Research upgrading AMD from 'hold' to 'buy'. The independent research firm hiked its price target to $175, a huge 26% upside from here. Analyst Benjamin Reitzes highlighted rising demand from hyperscalers and sovereign players. He sees colossal GPU revenue upside ahead, especially with inferencing workloads taking off. Even with the stock up close to 25% this year, Reitzes says AMD could be on the verge of a monumental run. Putting things in perspective, AMD has blown past broader market gains, delivering a 10% gain over the past week and a huge 25.5% surge in the past month. That compares to the S&P 500's more modest gains of 1% weekly and 5% monthly. Year-to-date, AMD is up 15%, roughly quadrupling the S&P 500's 3.6% return. Related: Veteran Wall Street firm makes surprise call on tech stocks The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
23-06-2025
- Business
- Yahoo
Astera Labs' AI Infrastructure Demand Accelerates: More Upside Ahead?
Astera Labs ALAB has positioned itself in the field of next-generation AI and cloud infrastructure with a robust start to 2025. The company recently outlined a compelling roadmap powered by technological leadership across interconnect standards, a factor that now stands as its core growth engine. Let us delve deeper. Astera Labs has built a first-mover advantage with a full stack of PCIe Gen 6 solutions, including retimers, smart gearboxes, optical modules and fabric switches, designed to meet the stringent performance and signal integrity demands of modern AI racks. At the same time, its Leo CXL product family addresses the growing need for memory expansion and pooling as data center CPUs adopt CXL 2.0 and 3.0, enabling support for both AI and general-purpose compute workloads. Looking ahead, Astera Labs is poised to further expand its market through emerging standards like UALink and NVLink Fusion. With UALink 1.0 introduced in early 2025, Astera Labs plans to commercialize solutions by 2026, opening the door to a scalable, open interconnect for AI accelerators and unlocking a multibillion-dollar opportunity. In parallel, the company's deepening collaboration with NVIDIA NVDA integrates NVLink Fusion into its Intelligent Connectivity Platform, delivering low-latency, memory-coherent links for GPU clustering, essential for powering the next generation of LLMs and agentic AI models. Marvell Technology- Diversified Scale Meets AI Connectivity: Marvell Technology MRVL is a notable peer in data center interconnects, with strengths in custom ASICs, PAM4 DSPs and 800G optical solutions. While its broader focus spans 5G and enterprise storage, Marvell increasingly competes with Astera Labs in cloud-optimized Ethernet and silicon platforms. However, Astera Labs' tighter integration of hardware and software via the COSMOS suite gives it a unique edge in AI-specific system observability and fleet management, areas where Marvell remains less specialized. Broadcom-Scale Leader With Limited AI Rack Focus: Broadcom AVGO holds strong positions in PCIe switches, SerDes and networking silicon, serving all major hyperscalers. Yet, its offerings are typically component-level and less tailored for AI rack-scale deployments. Unlike Broadcom's broad-market strategy, Astera Labs focuses on delivering interoperable subsystems purpose-built for AI, giving it greater agility in addressing emerging infrastructure needs like UALink, CXL and NVLink-based clustering. Astera Labs has risen 26.2% in the past three months compared with the industry and the sector's 10.2% and 7.5% growth, respectively. The S&P 500 index has improved 3.6% during the said period. Image Source: Zacks Investment Research Astera Labs is presently trading at a forward 12-month price-to-sales of 19.19X, which is below its 1-year median of 19.86X. However, it remains overvalued compared with the industry. Image Source: Zacks Investment Research ALAB currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Astera Labs, Inc. (ALAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
23-06-2025
- Business
- Globe and Mail
Astera Labs' AI Infrastructure Demand Accelerates: More Upside Ahead?
Astera Labs ALAB has positioned itself in the field of next-generation AI and cloud infrastructure with a robust start to 2025. The company recently outlined a compelling roadmap powered by technological leadership across interconnect standards, a factor that now stands as its core growth engine. Let us delve deeper. Driving AI Infrastructure Forward With First-Mover Innovation Astera Labs has built a first-mover advantage with a full stack of PCIe Gen 6 solutions, including retimers, smart gearboxes, optical modules and fabric switches, designed to meet the stringent performance and signal integrity demands of modern AI racks. At the same time, its Leo CXL product family addresses the growing need for memory expansion and pooling as data center CPUs adopt CXL 2.0 and 3.0, enabling support for both AI and general-purpose compute workloads. Looking ahead, Astera Labs is poised to further expand its market through emerging standards like UALink and NVLink Fusion. With UALink 1.0 introduced in early 2025, Astera Labs plans to commercialize solutions by 2026, opening the door to a scalable, open interconnect for AI accelerators and unlocking a multibillion-dollar opportunity. In parallel, the company's deepening collaboration with NVIDIA NVDA integrates NVLink Fusion into its Intelligent Connectivity Platform, delivering low-latency, memory-coherent links for GPU clustering, essential for powering the next generation of LLMs and agentic AI models. How ALAB is Positioned Compared With its Major Peers? Marvell Technology- Diversified Scale Meets AI Connectivity: Marvell Technology MRVL is a notable peer in data center interconnects, with strengths in custom ASICs, PAM4 DSPs and 800G optical solutions. While its broader focus spans 5G and enterprise storage, Marvell increasingly competes with Astera Labs in cloud-optimized Ethernet and silicon platforms. However, Astera Labs' tighter integration of hardware and software via the COSMOS suite gives it a unique edge in AI-specific system observability and fleet management, areas where Marvell remains less specialized. Broadcom-Scale Leader With Limited AI Rack Focus: Broadcom AVGO holds strong positions in PCIe switches, SerDes and networking silicon, serving all major hyperscalers. Yet, its offerings are typically component-level and less tailored for AI rack-scale deployments. Unlike Broadcom's broad-market strategy, Astera Labs focuses on delivering interoperable subsystems purpose-built for AI, giving it greater agility in addressing emerging infrastructure needs like UALink, CXL and NVLink-based clustering. ALAB's Price Performance and Valuation Astera Labs has risen 26.2% in the past three months compared with the industry and the sector's 10.2% and 7.5% growth, respectively. The S&P 500 index has improved 3.6% during the said period. Share Price Comparison: ALAB Astera Labs is presently trading at a forward 12-month price-to-sales of 19.19X, which is below its 1-year median of 19.86X. However, it remains overvalued compared with the industry. ALAB currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Astera Labs, Inc. (ALAB): Free Stock Analysis Report
