Credo Technology Group (CRDO) and Heico Corporation (HEI) are both trading near 52-week highs, reflecting strong bullish trends. Credo reported a remarkable 180% year-over-year sales increase, driven by heightened demand due to advancements in artificial intelligence. Heico also showcased impressive results, with a 15% growth in sales and a 27% rise in net income in their latest quarterly report.
Credo, holding a favorable Zacks Rank #1 (Strong Buy), continues to benefit from the ongoing AI spending surge. Heico, also carrying a Zacks Rank #1, has seen broad sales growth across its segments, with operating margins improving to 22.6% from 21.9% year-over-year.
