Cramer: Credo Technology still a winner, but Marvell is better

"In the third quarter Credo once again delivered record results with revenue of $407.0 million, an increase of more than 50% sequentially and 200% year over year. Operating margins hit 49.6%, which is exceptional for a semiconductor company still in hypergrowth mode. The company also announced three new multi-billion dollar TAM expansions: ZeroFlap optics, Active Line Cards, and OmniConnect memory solutions."

"I think it is [still a winner]. I just like the others better, Dave. And you know, when I speak that way, you know that I like - there's like, you know, lots of stuff within the data center, including Marvell, that I think is better than Credo. That's not a sell call. That's a ranking. And the distinction matters."

"The stock is down roughly 19% year to date, even after a 13% bounce in the past week. That pullback partly reflects the insider selling that Cramer flagged in December. The CTO alone sold hundreds of thousands of shares between December 2025 and late January 2026, with the CEO and CFO also active sellers at prices well above current levels."

Credo Technology Group posted strong Q3 results with $407 million in revenue, up 201.5% year-over-year, and non-GAAP EPS of $1.07, exceeding consensus estimates. The company announced three new multi-billion dollar TAM expansions and provided forward guidance of $425-$435 million for Q4. Despite these impressive fundamentals, the stock declined 19% year-to-date due to insider selling concerns, with executives including the CTO, CEO, and CFO selling shares at higher prices. Jim Cramer maintains Credo as a winner but ranks other data center semiconductor companies, particularly Marvell Technology, as more attractive investments. The distinction reflects a ranking preference rather than a sell recommendation.

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