Credo Technology Group, the company that sells the high-speed copper cables connecting AI servers across the world’s largest data centers, had a rough day on June 23. Shares closed at $272.01 as investors digested a growing worry: what happens when the industry decides copper isn’t fast enough anymore?
The concern centers on a technology called Co-Packaged Optics, or CPO, which could eventually replace Credo’s bread-and-butter Active Electrical Cables as data center port speeds push toward 1.6 terabits per second.
A record year meets an uncomfortable question
Total revenue for fiscal 2026 hit $1.34 billion, roughly triple what the company pulled in previously. Fourth-quarter revenue alone reached $437 million, reported on June 1.
On May 28, Credo completed its acquisition of DustPhotonics, a move designed to bolster its optical technology capabilities and hedge against the very transition investors are now worried about.
