Mark Roussin, CPA 对 $AVGO 的判断变化

2026-09-06看涨
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AVGO加速增长的AI收入(FY27为1150亿美元,FY28为2300亿美元)支撑长期看涨论点;财报后卖出被视为错误。

本周,我们从博通、Snowflake 和 Palo Alto 等公司获得了重要更新,这三家公司分别展示了人工智能的三个不同层面。博通为我们提供了关于人工智能基础设施的视角。

This week we got important updates from companies such as Broadcom, Snowflake, and Palo Alto , with all three companies providing a fascinating look at three different layers of artificial intelligence. Broadcom gives us a perspective on artificial intelligence infrastructure .

但让我们先谈谈博通,因为这些数字非常庞大。博通刚刚公布了 296 亿美元的季度营收,同比增长 86%。非 GAAP 每股收益为 3.32 美元,公司在本季度内产生了 137 亿美元的可观自由现金流。

But let's start with Broadcom first, because these numbers are enormous. Broadcom just announced quarterly revenues of $29.6 billion. This represents an 86% year-on-year increase. Non-GAAP earnings per share were $3.32, and the company generated an impressive $13.7 billion in free cash flow during the quarter alone.

2026-08-25看涨
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博通是AI基础设施支出和定制硅需求的受益者;若AI支出保持强劲,其前景乐观。

另一组值得考虑的公司是博通和迈威尔。事实上,迈威尔也将在本周晚些时候公布财报。这些公司更为复杂,因为博通和迈威尔受益于AI支出,但它们也代表了英伟达最大的长期威胁之一。为什么?

定制芯片。谷歌、Meta、OpenAI和其他超大规模企业越来越希望拥有专门为其工作负载设计的AI加速器。博通和迈威尔帮助实现这些芯片。所以,如果英伟达表示整体AI基础设施支出继续激增,这对博通和迈威尔都是好事。