#crdo sell-off was expected. In fact, when they delivered over 10+ qoq double beats, more than 60% of time they got sold off. - that’s just how execution compound stocks behave.
However, today’s magnitude was not expected.
My guess is that the mgmt guidance baked in too much
🤡 the classic #AAOI playbook:
1. first paint narrative – overpromise hard to pump the stock
2. then secondary market ATM to 🩸 bleed shareholders – Apr/May combined ATM > US$1BILLION (~1/8 of market cap size, % far exceeds $iren)
3. Q2 earnings miss expectations:
Q1 h
#800V power theme could run next, below are my DD done
Industry: Early-stage, high-certainty, multi-year structural cycle. Physics demands more power content per rack as density scales - same necessity as optics, comparable multi-billion TAM, 25% CAGR, still far less
#800V power theme could run next, below are my DD done
Industry: Early-stage, high-certainty, multi-year structural cycle. Physics demands more power content per rack as density scales - same necessity as optics, comparable multi-billion TAM, 25% CAGR, still far less
