CompetitionThere is increasing competition from MRVL and AVGO targeting similar market segments, which could lead to price erosion and potential loss of market share.
Customer ConcentrationManagement noted its largest customer, we believe Amazon, was 86% of revenue in the quarter--a sharp uptick in concentration from 33%/52% in the prior two quarters.
Market RisksCRDO's recent capacity expansions expose it to risks associated with any slowdown in cloud capital expenditures.