4,605,371-$35.7117.22%$171.68[S&P Global][SPGI]• Vol: 10,889,454-$43.119.71%$401.08[Raymond James Financial][RJF]• Vol: 4,178,329-$15.198.75%$158.48[Incyte][INCY]• Vol: 4,748,731-$8.988.24%$100.05[Western Digital][WDC]• Vol: 9,454,445-$23.438.19%$262.56 Broadcom Vs. AMD: Which AI Chipmaker Is The Better Stock? - 24/7 Wall St.[S&P 5006,986.60 +0.44%] [Dow Jones50,441.70 +0.35%][Nasdaq 10025,343.60 +0.62%][Russell 20002,706.22 +0.72%][FTSE 10010,463.00 +0.85%][Nikkei 22558,421.70 +0.69%][Investing]# Broadcom ...

Baron Fund, an investment management company, released its Q4 2025 letter for “Baron Durable Advantage Fund”. A copy of the letter can be downloaded here. The Fund returned 2.6% in the fourth quarter, which mirrored the S&P 500 Index’s 2.7% return. The Fund returned 16.6% in 2025, compared to 17.9% for the Index and 16.1% gain for the Peer Group, Morningstar Large Growth Category average. Moving to 2026, in an environment dominated by geopolitics, changing regulatory trends, and artificial intelligence, th ...

近日，瑞银发布博通(AVGO.US)专项研报，维持其"买入"评级及475美元目标价不变。报告围绕TPU(张量处理单元)需求激增展开，指出LLM开发者加 速推进定制ASIC路线，TPU作为GPU的中间替代方案需求显著增长，成为博通业绩增长的核心驱动力。 除谷歌外，Anthropic、META等TPU核心客户与传统云服务客户存在显著差异：这类企业可完全掌控自身的软件栈，因此对英伟达统一计算架 构(CUDA)的依赖度远低于传统企业级云服务客户。 经过一系列供应链调研分析，该行优化了自下而上的定制化专用集成电路模型，目前预测博通公司2027年将出货超500万颗张量处理单元 (2026年出货量约为370万颗);在2028年v8ax(太阳鱼)型号成为出货主力前，2027年出货的产品中略超半数为v7(铁木)型号。上述两款产品均 基于台积电3纳米工艺打造，该行认为凭借台积电充足的晶圆供应配额，博通能够充分把握这一需求增长机遇。 该行当前预测，博通2026财年人工智能业务营收约为600亿美元(同比增长约200%)，2027财年将增至约1060亿美元(同比增长约80%)， 2028财年进一步升至约1500亿美元。定制化计算业务营 ...

Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “U.S. Large Cap Growth Strategy.” A copy of the letter can be downloaded here.  In Q4 2025, the Portfolio returned 0.3% (Gross) and 0.2% (Net) compared to 1.1% return for the Russell 1000 Growth Index and 2.7% gain for the S&P 500 Index. Rising volatility, coupled with broadening market leadership, improved the portfolio’s relative performance in the second half of the quarter. In 2025, t ...

If you put a group of people in a room and ask a question, you'll rarely get the same answer from everybody. And that holds true if you're asking about stocks as well -- particularly when you're seeking the views of the highly trained stock analysts who provide expert analysis about publicly traded companies. But there's one artificial intelligence (AI) stock that breaks the mold: Wall Street's experts are overwhelmingly positive on Broadcom (NASDAQ: AVGO). Will AI create the world's first trillionaire?  ...

微软(MSFT.US)位列第三，持仓约5136万股，持仓市值约248.39亿美元，占投资组合比例为3.06%，较 上季度持仓数量减少5.86%。 来源：智通财经网 根据美国证券交易委员会(SEC)披露，高盛(GS.US)递交了截至2025年12月31日的第四季度持仓报告 (13F)。 据统计，高盛第四季度持仓总市值为8100亿美元，上一季度总市值为8200亿美元，环比下降约1.22%。 在第四季度的持仓组合中，高盛新增671只个股，增持3027只个股，清仓了555只个股。其中，前十大持 仓标的占总市值的22.11%。 | 2025-12-31 P | | | --- | --- | | 13F Activity | | | Market Value | $0.81t, Prior: $0.82t | | Inflows (Outflows) as % of Total MV | (-2.4403)% | | New Purchases | 671 stocks | | Added To | 3027 stocks | | Sold out of | 555 stocks | | Reduced holding ...

智通财经APP获悉，近日，瑞银发布博通(AVGO.US)专项研报，维持其"买入"评级及475美元目标价不 变。报告围绕TPU(张量处理单元)需求激增展开，指出LLM开发者加速推进定制ASIC路线，TPU作为 GPU的中间替代方案需求显著增长，成为博通业绩增长的核心驱动力。 博通作为成立于1961年的半导体巨头，总部位于美国圣何塞，产品覆盖数据中心网络、通信、智能手机 等多个领域。此次TPU业务的爆发式增长，不仅巩固了其在半导体行业的地位，也为公司开启了AI时代 的增长新周期，成为全球科技行业硬件创新的重要风向标。 瑞银在报告中写道，随着大语言模型开发商加快推进定制化专用集成电路(ASIC)的研发规划，众多厂商 开始将张量处理单元作为图形处理器(GPU)的过渡替代方案，该行认为该产品的需求正出现显著增长。 估值方面，研报采用SOTP分部门估值法，给予2027财年基础设施软件业务25xEV/FCF、半导体业务 30xEV/FCF的估值倍数。上行情景下目标价可达560美元(潜在涨幅63%)，下行情景为290美元(潜在跌幅 16%)，当前343.94美元的股价存在38%的上涨空间，预测总潜在回报39%，超额回报30. ...

Core Viewpoint - Nvidia stock has seen significant gains due to its leading position in the AI chip market, but Broadcom is emerging as a substantial competitor that could challenge Nvidia's dominance [1] Company Analysis - Nvidia is recognized as the dominant provider of AI chips, which has contributed to its stock performance [1] - Broadcom is identified as the biggest threat to Nvidia's market position, indicating a potential shift in competitive dynamics within the AI chip industry [1] Industry Implications - The competition between Nvidia and Broadcom highlights the evolving landscape of the AI chip market, where new entrants can disrupt established leaders [1] - The presence of strong competitors like Broadcom may lead to increased innovation and pricing pressures in the AI chip sector [1]

Core Viewpoint - ByteDance is developing an AI chip and is in talks with Samsung for manufacturing, aiming to produce at least 100,000 units this year [1][2]. Group 1: AI Chip Development - ByteDance is reportedly developing an artificial intelligence chip and plans to receive sample chips by the end of March [1]. - The company aims to manufacture at least 100,000 units of the AI inference chip in 2023, with plans to scale production to as many as 350,000 units gradually [2]. Group 2: Collaboration with Samsung - ByteDance is negotiating with Samsung not only for manufacturing the AI chips but also for securing memory chip supplies, which are in high demand due to global AI infrastructure expansion [2]. - The collaboration with Samsung marks a significant step in ByteDance's multi-year effort to build in-house chips for AI workloads, which began with hiring chip-related talent in 2022 [2].

Global Research UBS Global I/O Semiconductors ab 10 February 2026 APAC Focus: Rise of Google TPUs – identifying winners in the supply chain Google's custom AI accelerator, the Tensor Processing Unit (TPU), is gaining traction as a credible alternative to Nvidia's GPUs in cloud-based AI computing. We see the competitive dynamics as constructive for both TPUs and GPUs in 2026-27, with TPUs expanding more rapidly from a smaller base. TPUs have a compelling efficiency edge, offering competitive performance per ...