Silicon Valley semiconductor company Credo has seen its stock price double this year, with an even more staggering 245% surge in 2024, thanks to its production of data center cables and chips used to connect high-performance AI computers. Analysts estimate that Credo's cables, priced between $300 and $500 each, have been adopted by numerous AI data centers. Credo CEO Bill Brennan stated that demand in the AI computing cluster sector is extremely robust.
