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Credo Technology Group's CEO Bill Brennan expressed optimism about the Middle East's data center market, citing its long-term growth potential amidst geopolitical challenges. The company reported a third-quarter revenue of $407 million and an adjusted EPS of $1.07, exceeding analysts' estimates.

For the fourth quarter, expected revenue is between $425 million and $435 million. The firm is seeing substantial revenue from major hyperscale operators and a rising segment of 'neo-cloud' customers. Despite a temporary downturn reflected in a 12% stock drop, retail sentiment shifted to bullish.