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CRDO
Credo Technology Group Holding Ltd · Technology - Connectivity Semiconductors
$271.83
+60.86% this month
VERSUS
⟷
COMPARE
ALAB
Astera Labs, Inc. · Technology - Connectivity Semiconductors
$417.07
+70.75% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
CRDO
3
ALAB
1
Comparison scoreboard
CRDO LEADS 3/5AI Score
CRDO ✓61.1
ALAB 46.7
1Y Return
CRDO +217.60%
ALAB ✓+319.04%
Fwd P/E
CRDO ✓31.28
ALAB 99.14
Target Up.
CRDO ✓-5.71%
ALAB -41.26%
Op. Margin
CRDO N/A
ALAB N/A
Metrics last refreshed: 6/22/2026
Quick take
CRDO vs ALAB Stock Comparison: AI Score, Valuation, Performance and Upside
CRDO (Credo Technology) and ALAB (Astera Labs) are both emerging connectivity chip companies serving AI data center infrastructure but with different product focuses — Credo specializes in Active Electrical Cables and SerDes technology for rack-level connections at high speeds, while Astera Labs focuses on PCIe retimers for AI server signal integrity, CXL switches for memory pooling, and optical connectivity. Both are small-cap AI infrastructure plays with significant hyperscaler customer concentration.
CRDO vs ALAB is AEC and SerDes connectivity for AI clusters (Credo's lower-cost copper-based cable technology competing with optics for rack-level AI server connections) versus PCIe signal integrity and CXL memory fabric (Astera Labs' PCIe retimer leadership in AI servers and CXL switch bets on next-generation AI memory pooling) — different layers of AI data center connectivity at small-cap emerging company scale.
Live analysis · updated 6/22/2026
CRDO holds the edge across 3 of 5 key metrics in this comparison. ALAB has delivered stronger 1-year price return (+319.04% vs +217.60%), though CRDO trades at the lower forward P/E (31.28x vs 99.14x). Analyst consensus implies meaningfully more upside for CRDO (-5.71%) than for ALAB (-41.26%).
Normalized 1Y performance
CRDO
ALAB
Recent returns
CRDO
ALAB
Analyst price targets & sentiment
CRDO · 18 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.3/5.0)
Price target range
analyst low$184.00
analyst high$300.00
analyst mean$256.30
current price$271.83
-5.7% upside to analyst mean
ALAB · 22 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$155.00
analyst high$297.00
analyst mean$244.97
current price$417.07
-41.3% upside to analyst mean
Who should consider this stock?
CRDO may suit investors who:
- →Want a small-cap AI connectivity play with Microsoft as a significant anchor customer providing near-term revenue visibility for Credo's AEC and connectivity products
- →Value Credo's AEC technology as a cost-effective alternative to optical transceivers for within-data-center AI cluster connections at 400G and 800G speeds
- →Accept high customer concentration and AEC technology competition risk in exchange for exposure to a smaller pure-play AI connectivity semiconductor company
ALAB may suit investors who:
- →Want PCIe retimer and CXL connectivity exposure embedded in the AI server infrastructure build — Astera Labs' products are needed in virtually every AI server motherboard for PCIe signal integrity
- →Value Astera Labs' CXL switch positioning as an early bet on next-generation AI server memory architecture that could become a large market if hyperscalers adopt memory pooling at scale
- →Accept CXL adoption timing uncertainty and PCIe retimer commoditization risk in exchange for a position in an emerging AI connectivity semiconductor company with multiple potential product growth vectors
Performance & AI score
| Metric | CRDO | ALAB |
|---|---|---|
| AI score | 61.1 | 46.7 |
| AI rank | #142 | #653 |
| Latest close | $271.83 | $417.07 |
| 1M return | +60.86% | +70.75% |
| 6M return | +102.66% | +197.40% |
| 1Y return | +217.60% | +319.04% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | CRDO | ALAB |
|---|---|---|
| 1Y ago | $31.76K (+217.6%) started 2025-06-18 | $41.9K (+319.0%) started 2025-06-18 |
| 5Y ago | $233.33K (+2233.3%) started 2022-01-27 | $67.24K (+572.4%) started 2024-03-20 |
| 10Y ago | $233.33K (+2233.3%) started 2022-01-27 | $67.24K (+572.4%) started 2024-03-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | CRDO | ALAB |
|---|---|---|
| Market cap | $50.69B | $71.49B |
| Trailing P/E | 108.73 | 285.66 |
| Forward P/E | 31.28 | 99.14 |
| Price/Sales | 37.97 | 71.39 |
| EV/Revenue | 36.91 | 70.25 |
| Analyst target | $256.30 | $244.97 |
| Target upside | -5.71% | -41.26% |
Growth, profitability & risk
| Metric | CRDO | ALAB |
|---|---|---|
| Revenue growth | 157.00% | 93.40% |
| Earnings growth | 343.20% | 144.40% |
| EPS growth | +343.20% | +144.40% |
| FCF margin | +18.79% | +23.97% |
| Operating margin | N/A | N/A |
| Profit margin | 35.37% | 26.72% |
| ROIC proxy | 34.41% | 21.11% |
| Return on equity | 34.41% | 21.11% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 3.23 | 3.96 |
| Debt/equity | 1.23 | 2.80 |
| Current ratio | 10.15 | 11.30 |
| Quick ratio | 8.51 | 10.55 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
CRDO max drawdown53.59%
ALAB max drawdown60.19%
CRDO max wkly drop25.66%
ALAB max wkly drop34.09%
5Y risk snapshot
CRDO max drawdown62.04%
ALAB max drawdown63.69%
CRDO max wkly drop51.50%
ALAB max wkly drop37.61%
10Y risk snapshot
CRDO max drawdown62.04%
ALAB max drawdown63.69%
CRDO max wkly drop51.50%
ALAB max wkly drop37.61%
Performance metrics by period
| Period | Metric | CRDO | ALAB |
|---|---|---|---|
| 1Y | Growth | +217.60% | +319.04% |
| CAGR | +217.85% | +319.45% | |
| Sharpe ratio | 1.73 | 1.92 | |
| Max drawdown | 53.59% | 60.19% | |
| Max daily drop | 14.81% | 21.41% | |
| Max wkly drop | 25.66% | 34.09% | |
| 5Y | Growth | +2233.30% | +572.37% |
| CAGR | +104.98% | +133.69% | |
| Sharpe ratio | 1.24 | 1.33 | |
| Max drawdown | 62.04% | 63.69% | |
| Max daily drop | 46.80% | 28.03% | |
| Max wkly drop | 51.50% | 37.61% | |
| 10Y | Growth | +2233.30% | +572.37% |
| CAGR | +104.98% | +133.69% | |
| Sharpe ratio | 1.24 | 1.33 | |
| Max drawdown | 62.04% | 63.69% | |
| Max daily drop | 46.80% | 28.03% | |
| Max wkly drop | 51.50% | 37.61% |
Business comparison
| Category | CRDO | ALAB |
|---|---|---|
| Company | Credo Technology Group Holding Ltd | Astera Labs, Inc. |
| Sector | Technology - Connectivity Semiconductors | Technology - Connectivity Semiconductors |
| Industry | N/A | N/A |
| Core business | Credo Technology designs high-speed semiconductor connectivity solutions — primarily Active Electrical Cables (AECs) that use embedded DSP chips to extend copper cable reach at 400G and 800G speeds for AI server rack-to-rack connections, SerDes (serializer/deserializer) IP for high-speed serial data transmission, and custom AI-accelerator connectivity chips. Credo's AECs compete with optical transceivers for shorter-reach data center connections. | Astera Labs designs semiconductor connectivity solutions for AI data center infrastructure — including PCIe retimers (chips that extend PCIe signal reach within servers), CXL switches (enabling memory expansion and pooling between servers), optical connectivity modules for rack-scale AI clusters, and custom ASIC connectivity solutions. Astera Labs went public in 2024 and serves major hyperscalers and server OEMs. |
| Investor focus | Investors track Credo's revenue from AEC cables and SerDes products, hyperscaler customer design win progression (Microsoft has been a significant customer), the competitive dynamic between AEC and optical transceivers in AI data centers, and Credo's product roadmap as AI cluster speeds advance from 400G to 800G to 1.6T. | Investors track Astera Labs' revenue from PCIe retimers (the first high-volume product), CXL switch adoption timeline, hyperscaler customer diversification, and the company's position as AI server buildout continues requiring connectivity silicon at every level of the server and rack architecture. |
CRDO strengths
- →AEC technology as a lower-cost optical transceiver alternative for shorter reach — Credo's Active Electrical Cables can replace optical transceivers for rack-to-rack connections within the same data center row, offering comparable performance at potentially lower total cost
- →Microsoft as a significant anchor customer — Credo has disclosed Microsoft as a major customer for its AI connectivity products; Microsoft's hyperscale AI infrastructure buildout provides significant near-term revenue
- →High-speed SerDes IP licensing — Credo's high-speed SerDes (the physical layer technology for serial data transmission) is licensed to chip designers who need to integrate fast interfaces into their own chips
ALAB strengths
- →PCIe retimer market leadership — Astera Labs has established a strong position in PCIe retimers, chips that are needed in virtually every AI server motherboard to ensure reliable high-speed PCIe signal integrity; the PCIe 5.0 and 6.0 transition is increasing demand for retimers
- →CXL technology positioning — CXL (Compute Express Link) enables memory sharing and pooling between servers (each server can access memory from neighboring servers as if it were local), and Astera Labs' CXL switches are well-positioned as hyperscalers experiment with CXL for AI memory expansion
- →AI server infrastructure presence at multiple points — Astera Labs' products are embedded in AI server connectivity at multiple levels (within the server, between servers, between racks), providing broad exposure to AI infrastructure build
Risks to watch — CRDO
- →Concentration in AEC technology that competes with optical transceivers — if hyperscalers prefer optical solutions as cluster speeds increase, Credo's AEC revenue could face structural displacement at higher speed tiers
- →Customer concentration in Microsoft — Credo's revenue is concentrated in a small number of hyperscaler customers; the addition or loss of a major customer significantly affects quarterly results
- →Competition from Marvell, Broadcom, and optical transceiver companies in AI connectivity — the high-speed connectivity market is contested by much larger companies with more resources
Risks to watch — ALAB
- →PCIe retimer commoditization — as PCIe retimer technology matures, multiple competitors (Montage Technology, Parade Technologies) are entering the market; margin sustainability on retimers is a concern
- →CXL adoption timeline uncertainty — CXL memory pooling has significant theoretical benefits for AI workloads, but actual hyperscaler deployment is still in early stages; delays in CXL adoption could affect Astera Labs' revenue growth trajectory
- →Small company scale versus large competitors — Astera Labs is competing against established semiconductor companies (Broadcom, Marvell, Texas Instruments) that have more resources and customer relationships for custom connectivity solutions
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