In early December, Credo Technology released its Q2 financial report, with the stock price increasing by 10.6%. The financial report shows that the company's revenue and operating income have grown significantly, cash flow is ample, and new product innovation provides momentum for future growth. However, issues such as customer concentration, high cost pressures, market cyclicality risks, and intensified competition cannot be ignored. Valuations have already reflected optimistic expectations, and the investment recommendation is to hold.