Erik Isakson/DigitalVision via Getty Images The Investment Thesis Credo Technology ( NASDAQ :CRDO) has been on a tear lately; it tripled its revenue in a year and still managed to outperform its guidance. I have followed this name since its Active Electrical Cable (AEC) business was still nascent, and I want to make it clear from the outset that I think this is an excellent company. And yet, I rat...
Erik Isakson/DigitalVision via Getty Images The Investment Thesis Credo Technology ( NASDAQ :CRDO) has been on a tear lately; it tripled its revenue in a year and still managed to outperform its guidance. I have followed this name since its Active Electrical Cable (AEC) business was still nascent, and I want to make it clear from the outset that I think this is an excellent company. And yet, I rate it a hold. That is not a question of valuation, which I think is more defensible than the bears claim. The fact is that the market has only recently started to pay for a proven quality compounder, and Credo has not been one long enough to earn that distinction. Before I proceed, let me state what I consider a Quality Growth stock: consistent, compounding EPS growth, sustainable competitive advantages, strong fundamentals, and visible catalysts for future growth. Credo scores on two out of four today. Without the other two , I would be reluctant to call it a buy . The Fundamentals First Let me start where any good-quality growth analyst should, with the numbers. Spoiler, they are spectacular. In the fourth quarter of fiscal 2026, ended May 2026, Credo reported revenue of $437.0 million, up 157% year over year , with a non-GAAP gross margin of 68.3% and GAAP net income of $169.1 million. Non-GAAP diluted EPS came in at $1.16, more than triple the $0.35 a year earlier. For the full year, revenue reached $1,335.1 million against $436.8 million in fiscal 2025. Incredibly, non-GAAP net income increased more than five times to $662 million. CRDO EBIT Growth ( Seeking Alpha ) The balance sheet is just as impressive. Credo closed the year with $1.4 billion in cash and short-term investments and no debt to speak of. Furthermore, the company generated roughly $407 million of free cash flow on the year against about $464 million of operating cash flow. Management guided first-quarter fiscal 2027 revenue to $465 million to $475 million . On fundamentals alone, this is one of the highe...
Jonathan Kitchen/DigitalVision via Getty Images With the dominant AI workload rapidly transitioning from training to high-volume inference, scalability remains key. This has accordingly triggered a shift in hyperscaler priorities from maximizing compute capacity to optimizing unit economics, accelerating demand for high-bandwidth, low-latency networking architectures amid the agentic AI shift. Thi...
Jonathan Kitchen/DigitalVision via Getty Images With the dominant AI workload rapidly transitioning from training to high-volume inference, scalability remains key. This has accordingly triggered a shift in hyperscaler priorities from maximizing compute capacity to optimizing unit economics, accelerating demand for high-bandwidth, low-latency networking architectures amid the agentic AI shift. This has been materially beneficial to MaxLinear’s ( MXL ) rapidly expanding infrastructure portfolio, as evidenced by the segment’s multi-fold growth outlook. In addition to support from consistent execution on the ramp-up of its core 400G/800G “ Keystone ” PAM4 DSP optical transceiver platform, durability of this accelerating growth trajectory is also reinforced by its expanding product roadmap, alongside increasing deal wins and adoption by tier 1 hyperscalers. More importantly, the agentic shift is also unlocking an adjacent storage opportunity that MXL’s next-generation “Panther” storage accelerator SoC is poised to further accommodate, deepening its competitive advantage in penetrating the expanding AI infrastructure TAM. This is corroborated by memory leader Micron’s ( MU ) latest earnings commentary , which illustrated how the agentic AI inflection is rapidly reshaping AI infrastructure designs beyond “accelerator-only racks to include CPU racks [alongside] storage racks for rapidly expanding context stores”. While the broadening scale-out of multi-functional rack architectures supports a step-function uplift in impending demand for high-bandwidth, low-latency networking fabrics, which MXL’s current 400G/800G Keystone and emerging 1.6T “Rushmore” PAM4 DSPs are competitively positioned to capitalize on, the shift also highlights the increasingly mission-critical role of storage efficiency. This accordingly creates an incremental opportunity for MXL’s next-generation Panther 5 storage accelerator SoC, given the product’s increasing relevance in supporting the resurgence ...
Licence would be diplomatic coup for Kyiv but process of making munitions would likely be expensive, complex and long Europe live – latest updates Donald Trump has told Volodymyr Zelenskyy that Ukraine may be allowed to manufacture Patriot missile interceptors to counter Russian ballistic attacks. It would be a diplomatic coup for Kyiv, which has been struggling to counter Moscow’s increasing miss...
Licence would be diplomatic coup for Kyiv but process of making munitions would likely be expensive, complex and long Europe live – latest updates Donald Trump has told Volodymyr Zelenskyy that Ukraine may be allowed to manufacture Patriot missile interceptors to counter Russian ballistic attacks. It would be a diplomatic coup for Kyiv, which has been struggling to counter Moscow’s increasing missile threat. The US president’s commitment, however, was vaguely framed, and he admitted he had not spoken to the US defence and aerospace companies Lockheed Martin and RTX Corporation (formerly Raytheon) that produce the Patriot system. It also remained unclear how quickly manufacturing of the expensive and complex munitions could be stepped up. Continue reading...
Oracle (NYSE:ORCL | ORCL Price Prediction) has quietly become one of the most important AI infrastructure companies on the planet, yet its stock is behaving as if the story is falling apart. Shares closed at $143.76 on July 6, 2026, down 25.37% year to date, even after the company posted a $638 billion contracted revenue ... Prediction: Oracle Will Be the Next Trillion-Dollar Tech Giant
Oracle (NYSE:ORCL | ORCL Price Prediction) has quietly become one of the most important AI infrastructure companies on the planet, yet its stock is behaving as if the story is falling apart. Shares closed at $143.76 on July 6, 2026, down 25.37% year to date, even after the company posted a $638 billion contracted revenue ... Prediction: Oracle Will Be the Next Trillion-Dollar Tech Giant
NuScale Power (NYSE: SMR) is offering the world a technology that could radically change how energy is generated. Yes, I'm referring to small modular reactors (SMRs), which condense all the benefits of nuclear power -- carbon-free electricity, round-the-clock reliability -- into factory-built reactors that are smaller, easier to deploy, and potentially less expensive than traditional nuclear power...
NuScale Power (NYSE: SMR) is offering the world a technology that could radically change how energy is generated. Yes, I'm referring to small modular reactors (SMRs), which condense all the benefits of nuclear power -- carbon-free electricity, round-the-clock reliability -- into factory-built reactors that are smaller, easier to deploy, and potentially less expensive than traditional nuclear power plants. If NuScale can deploy reactors at scale, this stock could make early investors happy with their returns. Indeed, now would be the time to buy NuScale if you're bullish on its future, as the stock is trading near all-time lows. But before getting too bullish, let's take a closer look at where NuScale is, where it could be going, and if, indeed, it has what it takes to set you up for life. Continue reading
Saudi Arabia’s attempts to revive oil flows from its reopened Ras Tanura terminal on the Persian Gulf are running into caution from customers, who are reluctant to load there because of renewed threats to shipping, according to people familiar with the matter. Ras Tanura, which handled about 90% of Saudi crude exports before the Iran war, restarted recently after a months-long closure, and this we...
Saudi Arabia’s attempts to revive oil flows from its reopened Ras Tanura terminal on the Persian Gulf are running into caution from customers, who are reluctant to load there because of renewed threats to shipping, according to people familiar with the matter. Ras Tanura, which handled about 90% of Saudi crude exports before the Iran war, restarted recently after a months-long closure, and this week Saudi Aramco was asking customers to submit requests for loadings from the port, according to the people. But buyers who had already been wary of sending in ships into the Persian Gulf to lift cargoes have become even more concerned after vessels were attacked in the Strait of Hormuz on Tuesday, the people said, asking not to be identified because the information is private. Tensions in the region ratcheted up after President Donald Trump said the US would likely follow up with further strikes on Iran, raising the prospect of a return to all-out war. A return of hostilities would be a nightmare scenario for the Gulf nations that had only just started to return some of their damaged energy industries and oil shipments back toward prewar levels. Aramco has asked customers to submit requests for how much they want to load in August from Ras Tanura, but has been told by some buyers that they’re not ready to load there, the people said. The company had also been giving customers that option through the conflict even when the Strait of Hormuz was all but closed. Clients have been picking up oil cargoes from the Red Sea port of Yanbu on the other side of Saudi Arabia since the early days of the war. Aramco is still offering that option, but wanted to prioritize Ras Tanura loadings, the people said, asking not to be identified because the information is private. Aramco declined to comment. Ships Attacked Three vessels came under attack on Tuesday — the largest number of incidents since the interim US-Iran peace deal last month. While a handful of oil tankers have passed through ...
AlexLMX/iStock via Getty Images Largo ( LGO ) up 3.7% in Wednesday's trading after saying it received a $60.1M firm-fixed-price delivery order from the U.S. Defense Logistics Agency Strategic Materials under the company’s recently awarded five-year indefinite delivery, indefinite quantity contract. Largo ( LGO ) said the delivery order provides for the supply of high-purity vanadium pentoxide prod...
AlexLMX/iStock via Getty Images Largo ( LGO ) up 3.7% in Wednesday's trading after saying it received a $60.1M firm-fixed-price delivery order from the U.S. Defense Logistics Agency Strategic Materials under the company’s recently awarded five-year indefinite delivery, indefinite quantity contract. Largo ( LGO ) said the delivery order provides for the supply of high-purity vanadium pentoxide produced at its Maracás Menchen operation in Brazil for the U.S . National Defense Stockpile; deliveries are scheduled through January 2030, providing long-term revenue visibility. "Beginning in July 2026, Largo is adjusting its production and commercial programs to support this significant DLA order," co-CEO Daniel Tellechea said . "Beyond the meaningful revenue contribution, this order is expected to improve our average realized vanadium prices, enhance our overall sales mix and further expand Largo's presence in the U.S. market without applicable import tariffs." The contract is part of a larger shared award with an aggregate value of as much as $125M. More on Largo Financial information for Largo
Scaffolding and tarp covers the building name at the the John F. Kennedy Center for the Performing Arts, on Monday, June 15, 2026 in Washington, DC. Al Drago | The Washington Post | Getty Images A federal appeals court on Wednesday rejected President Donald Trump 's bid to restore his name to the Kennedy Center as he challenges a lower court's order that stripped his name from the Washington perfo...
Scaffolding and tarp covers the building name at the the John F. Kennedy Center for the Performing Arts, on Monday, June 15, 2026 in Washington, DC. Al Drago | The Washington Post | Getty Images A federal appeals court on Wednesday rejected President Donald Trump 's bid to restore his name to the Kennedy Center as he challenges a lower court's order that stripped his name from the Washington performing arts landmark in June. A three-judge panel said Trump and the Kennedy Center's board, in their motion to stay the lower court's order, failed to show they would be "irreparably injured" without his name being restored. "Since that removal has already occurred ... a stay would not avert those harms (even assuming they would qualify as irreparable)," the panel on the U.S. Court of Appeals for the District of Columbia Circuit said in its order. The panel also said Trump and the board failed to provide any "specific facts and evidence" that the center's fundraising efforts would be harmed if Trump's name is not included. The judges also rejected the argument by Trump and the board "that a new entity named 'The Trump Kennedy Center for the Performing Arts Foundation' will no longer be able to fundraise and must return all money 'raised or committed' to it if the name 'Trump' is not returned to the Kennedy Center's façade." "Appellants never raised that factual contention in district court, and they have given no explanation for failing to do so," the panel said. "Such a post hoc argument cannot demonstrate an abuse of discretion by the district court." The decision means that Trump's name will remain off the Kennedy Center as his appeal of a federal District Court judge in Washington's order to remove it plays out. The same appeals court will hear Trump's appeal of a May 29 order to remove his name from the center. CNBC has requested comment from the Justice Department, which represents Trump and the board in their appeal. One of the judges on the appeals panel, Gregory Ka...
alexsl Evercore ISI on Wednesday upgraded Compass Pathways ( CMPS ) to Outperform from Inline and raised its price target to $21 from $8 after the U.K.-based biotech updated results from a late-stage trial supporting the long-term efficacy of its psychedelic therapy COMP360. Based on 26-week results from its 581-patient Phase 3 COMP006 trial, the company on Tuesday highlighted the rapid onset of a...
alexsl Evercore ISI on Wednesday upgraded Compass Pathways ( CMPS ) to Outperform from Inline and raised its price target to $21 from $8 after the U.K.-based biotech updated results from a late-stage trial supporting the long-term efficacy of its psychedelic therapy COMP360. Based on 26-week results from its 581-patient Phase 3 COMP006 trial, the company on Tuesday highlighted the rapid onset of action and durable clinical profile of COMP360 against treatment-resistant depression. "Yesterday's 26-week ‘006 data came in very similarly to the ‘005 data, building more confidence,” Evercore analyst Gavin Clark-Gartner wrote, referring to another late-stage trial for COMP360, which read out in June 2025. “We should’ve been quicker to upgrade right there but thought based on the catalyst path we’d have more time to make this call,” the analyst added. Clark-Gartner expects FDA approval for COMP360 in H1 2027, setting a commercial rollout that could be slow in the first couple of quarters as infrastructure necessary for the sector's long-term growth is built. More on COMPASS Pathways ADS Compass Pathways Phase 3 COMP006 Data Review COMPASS Pathways plc (CMPS) Discusses Six-Month Data from Second Phase 3 Trial Confirming Rapid and Durable Profile in Depression Transcript Compass Pathways: A Psychedelics Story Compass gains on new late-stage trial data for psychedelic therapy in depression COMPASS outlines 1 to 2-month FDA review goal as it targets launch readiness by year-end
The design process for new memorials shouldn't be fast-tracked or dictated by a select few, experts say. But a small group of people close to President Trump played an outsized role in the arch's quick approvals. (Image credit: Harrison Design)
The design process for new memorials shouldn't be fast-tracked or dictated by a select few, experts say. But a small group of people close to President Trump played an outsized role in the arch's quick approvals. (Image credit: Harrison Design)
Dzmitry Dzemidovich Cantor Equity Partners I ( CEPO ) won't proceed with its proposed business combination with BSTR Holdings inked last year, while the parties discuss a potential revised structure that better reflects current market conditions, the company said Wednesday. CEPO shares gained 1.6% in midday trading. The agreement reached last year included $1.5B in fiat private investment in publi...
Dzmitry Dzemidovich Cantor Equity Partners I ( CEPO ) won't proceed with its proposed business combination with BSTR Holdings inked last year, while the parties discuss a potential revised structure that better reflects current market conditions, the company said Wednesday. CEPO shares gained 1.6% in midday trading. The agreement reached last year included $1.5B in fiat private investment in public equity financing plus a 5,021 bitcoin in-kind PIPE. Founding shareholders would contribute 25,000 bitcoin ( BTC-USD ) under the original deal. BSTR, or Bitcoin Standard Treasury, led by cryptographer Adam Back, aims to accumulate bitcoin ( BTC-USD ), generate in-kind bitcoin yield, and advise corporates and sovereigns in bitcoin-based treasury strategies. In the past year, bitcoin ( BTC-USD ) has lost ~43% of its value , recently trading at ~$61.8K, about half of its all-time high of $128.2K. Due to the efforts to rework the deal, the pending private placements related to the merger won't be required. Furthermore, the meeting of shareholders scheduled for July 10, 2026, at 10:00 AM ET, is indefinitely postponed. More on Cantor Equity Partners I, Inc. Cantor-backed bitcoin SPAC to allow investors to reduce commitments - report Financial information for Cantor Equity Partners I, Inc.
Khanchit Khirisutchalual/iStock via Getty Images The following segment was excerpted from Palm Valley Capital Fund Q2 2026 Letter. The Fund acquired three new positions during the second quarter: The Clorox Company ( CLX ), Molson Coors Beverage Company ( TAP ), and Vontier Corp. ( VNT ). The Clorox Company manufactures a wide range of household and professional cleaning, disinfecting, lifestyle, ...
Khanchit Khirisutchalual/iStock via Getty Images The following segment was excerpted from Palm Valley Capital Fund Q2 2026 Letter. The Fund acquired three new positions during the second quarter: The Clorox Company ( CLX ), Molson Coors Beverage Company ( TAP ), and Vontier Corp. ( VNT ). The Clorox Company manufactures a wide range of household and professional cleaning, disinfecting, lifestyle, and wellness products. Its portfolio includes well-known brands such as Clorox bleach and disinfecting wipes, Pine-Sol cleaners, Glad trash bags, Burt's Bees lip balm, Kingsford charcoal, Fresh Step cat litter, and Hidden Valley salad dressings. The company suffered a major cyberattack in 2023 that disrupted production and distribution, causing it to lose market share in several categories. The recovery has been slower than investors hoped, and Clorox has been working through a large ERP implementation that distorted shipments, reduced volumes, and created inventory disruptions with retailers. In April, Clorox cut its fiscal 2026 outlook. Consumers have become more price-sensitive, leading some shoppers to trade down to private-label alternatives in categories such as cleaning products and household consumables. We view Clorox as a slow-growth consumer staples company with historically stable cash flows. We acquired a small position near the lows, but the shares have since bounced. Molson Coors is the second largest brewer in North America and a top five global player. Its brewing heritage extends back two centuries. Coors Brewing Company was incorporated in 1913 and merged with Molson in 2005. The firm acquired full ownership of the Miller portfolio in 2016. The company’s beer brands include Coors Light , Miller Lite , Coors Banquet , Molson Canadian , Carling , Staropramen , Blue Moon Belgian White , Leinenkugel’s Summer Shandy , Miller High Life , and Keystone Light . Beyond the beer aisle, the firm offers Vizzy Hard Seltzer and partner brands such as Simply Spiked , ZOA...