博通，一家芯片公司，市值达到1.74万亿美元。
Broadcom, a chip company, has a market cap of $1.74 trillion.
现在，AMD和博通的利润将在2028年或2029年达到顶峰。与其他公司相比，这些公司还处于早期阶段。这些公司已经开始赚很多钱了，对吧？所以它们的利润也会很快达到最高水平。AMD、博通，这些公司的利润将在2028年或2029年达到顶峰，然后，这就是为什么我认为这些股票，我认为，都已经见顶或将在未来六个月内见顶，对吧？
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.
博通预测，其AI半导体业务在2027财年将增长至1150亿美元，然后在2028财年翻倍至2300亿美元。博通已经开始向谷歌出货其第八代张量处理单元（TPU），并向OpenAI出货Jalapeno加速器，这两款产品均旨在超越其他图形处理单元（GPU）。
Broadcom predicted that its AI semiconductor business would grow to $115 billion in fiscal year 2027, then double to $230 billion in fiscal year 2028. Broadcom has already begun shipping its eighth-generation Tensor Processing Units ( TPUs) to Google and Jalapeno accelerators to OpenAI, both designed to outperform other graphics processing units (GPUs).
该公司还表示，预计到2027年，Anthropic将成为其处理单元（XPU）方面最大的客户。因此，博通的业务正在蓬勃发展，但在公司公布最新业绩后，股价下跌了约6%。这是否使博通股票成为买入机会？
The company also stated that Anthropic is expected to become its largest customer by 2027 in terms of processing units (XPUs). So, business is booming for Broadcom, but the stock price fell by about 6% after the company announced its latest results. Does this make Broadcom shares a buying opportunity?
如果你看看一些主要的参与者，无论是微软、谷歌还是博通，它们合计占标准普尔总市值的18%。
if you look at some of the major players out there, whether it's Microsoft, Google, or Broadcom, they represent 18 % of the total Standard & Poor's market.
对于博通来说，你知道所有主要公司的人工智能路线图都贯穿博通的议程。所以，你需要意识到这一点。尽管其市盈率为60倍，但再次强调，所有主要公司都必须经过博通。因此，它是一个关键参与者。这是一个投资机会。
Well, for Broadcom, you know that the AI roadmap for all major companies runs through Broadcom's agenda. So, you need to realize that. Despite trading at a 60x price-to-earnings ratio, once again, all major companies have to go through Broadcom. Therefore, she is a key player. It's an investment opportunity.
我首先推荐的是博通，股票代码为 AVGO。博通本周早些时候公布了财报。我记得是在周三公布的，数据非常惊人。本季度营收达到 296 亿美元，同比增长 86%。AI 半导体收入目前占总营收的 56%，该领域单独增长了 221%。
至于明年的预测，他们将其上调至 348 亿美元。这意味着总营收同比增长 93%，而 AI 芯片板块预计将再同比增长 236%。
The first name I will put forward is Broadcom, and the stock symbol is AVGO. Broadcom announced its earnings earlier this week. I think it was announced on Wednesday and the numbers were fantastical. Revenue reached $29.6 billion for the quarter, an increase of 86 % year-over-year. With AI semiconductor revenues now accounting for 56% of total revenues, this sector alone has grown by 221%. As for next year's projections, they raised them to $34.8 billion . This represents a 93% year- on-year increase in total revenue, and the AI chips segment is expected to rise by another 236% year-on-year.
Nvidia 和 Broadcom 刚刚公布了财报，看来实际的人工智能支出有望大幅增加。谁会在 Nvidia 的 GPU 与 Broadcom 的定制芯片之间的大战中胜出，以及因此我会买入哪些股票。
Nvidia and Broadcom have just announced their earnings, and it appears that actual spending on artificial intelligence is on track to be much larger. who wins the great battle between Nvidia's GPUs and Broadcom's custom chips, and, of course, the stocks I buy as a result.
Nvidia 和 Broadcom 刚刚取得了有史以来最好的财报业绩。Broadcom 也录得了创纪录的收入，达到 296 亿美元，同比增长 86%。
Nvidia and Broadcom have just achieved their best-ever earnings results . Broadcom also recorded record revenues. $29.6 billion, an increase of 86% from last year.
我想告诉您，目前我收到了很多关于博通的问题。不仅因为我是股东，更重要的是，他们本周公布了利润，这似乎吓坏了投资者，促使他们抛售股票。
I would like to inform you that I am receiving a lot of questions about Broadcom at the moment . Not only because I am a shareholder, but more importantly, they announced their profits this week, which seems to have terrified investors and prompted them to sell their shares.
该股本周不仅下跌超过5%，今天早些时候甚至更低，与最高水平相比已下跌约30%。那么，是什么导致了这种对股票的强烈抛售？那些利润真的像华尔街试图描绘的那样糟糕吗？
The stock has not only lost more than 5% this week , but was even lower earlier today, and has lost about 30% of its value compared to its highest level . So, what is driving this kind of intense selling of the stock here? Were those profits really as bad as Wall Street tries to portray them?
如果 Anthropic 能够继续支付其账单，Broadcom 看起来真的很便宜。如果 Anthropic 的 S-1 IPO 文件是积极的，坦率地说，这将使你对 Marvell 和 Broadcom 感到乐观。
If Anthropic can continue to pay its bills, Broadcom looks really cheap. If Anthropic's S-1 IPO documentation is positive, it will frankly make you optimistic about Marvell and Broadcom.
我对 Broadcom 感到非常心动，但我并不持有它。
I feel very tempted by Broadcom, but I don't own it.
