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Premarket Alpha Post-Market Alpha

Daily Alpha · Substack

A public preview claims Credo's AI-buildout dominance; a separate headline notes a $344B Fed Treasury-bill addition over the past year.

2letters

Themes on this desk

Fed balance-sheet liquidity

A public preview headline states the Fed added $344B in Treasury bills over a year.

Substack - Asymmetrical Bets

CRDO claims 5 of 6 hyperscalers as customers and 88% AEC share

The Substack post on CRDO states that the company has 5 of 6 hyperscalers as customers and holds an 88% share in the AEC (Application-Specific Integrated Circuit Ethernet Controller) market.

High customer concentration and dominant market share suggest strong competitive positioning in AI networking, but also potential dependency on a few large customers.

Watch Monitor CRDO's customer concentration and market share in subsequent earnings reports or industry data.

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