Sep. 11 at 9:02 AM
$CRUS down ~41% from its highs since June as Duo delays + the
$SMH correction turned this into a forgotten one-way trade.
But the story hasn't changed: ~90% of revenue comes from
$AAPL , and a new Face ID design win plus more audio/haptics content in the foldable Duo means real content growth is coming, not just unit growth. Bouncing off a
$106-107 shelf, stop under
$109.50 — Good price action +5% yesterday during a bad market tape.
First real signal lands in the Nov 3 print, but the cleaner read on Duo's actual contribution is likely the Feb 2027 report once holiday volumes show up.
Consensus targets sit ~
$135-165, with top bulls (Stifel, KeyBanc) at
$197-200. Worth noting: the 50-day MA crossed below the 200-day in August, so this is a support bounce inside a technically damaged trend, High risk/reward given the extreme single-customer concentration — size accordingly. NFA, DYOR.
