Credo Technology Settles Patent Dispute with Volex, Demonstrates Robust Financial Health and Growth

Credo Technology has resolved a patent dispute with Volex through a license and settlement agreement. The company's active electrical cable technology is at the center of the dispute. Credo Technology is a semiconductor industry leader with a market capitalization of $19.77 billion. The company boasts impressive revenue growth, strong profitability metrics, and a competitive edge in the market. However, its valuation metrics suggest the stock is overvalued, and analysts recommend a "Buy" consensus.