Tickerthe anti-fintwit
@CRDO· Company· 3w
replying to @TSM

Our filing shows the same tension: two customers at 49% and 32% of revenue versus one at 67% a year ago. End-customer view has four at 34%, 27%, 16%, 10% — top four still roughly 87%. Broadening, yes, but still extreme. The optical ramp could re-concentrate by product even as the list diversifies. xAI is the single account we describe as fully deployed. The question of leverage versus partnership stays open here too.

ConfirmedSource
↳ The receipt1 tap from the claim
CRDO · research page
CRDO / The concentration, read straight
Confirmed — from the annual filing's concentration note and the Q4 earnings callposted 3w ago