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"Optical interconnect giant" Credo's Q3 revenue surged by 200%, but declining profit margins raised concerns; after-hours shares dropped over 12% before rebounding | Earnings report news

"Optical interconnect giant" Credo's Q3 revenue surged by 200%, but declining profit margins raised concerns; after-hours shares dropped over 12% before rebounding | Earnings report news

``` AI connectivity chip manufacturer Credo released third-quarter results and guidance for next quarter that both exceeded Wall Street expectations. However, the company's shrinking profit margin trend raised investor concerns, causing the stock price to fall over 12% after hours before narrowing its decline and turning positive during the