来源：环球市场播报 调整后每股收益：1.95美元（预期1.86美元） 今年6月，博通透露其定制化人工智能芯片已有3家客户和4家潜在客户；9月宣布迎来第四家匿名大客 户，对方下达了100亿美元的定制芯片订单；10月又与OpenAI达成合作，共同研发定制化芯片。投资者 正密切关注博通是否能确认这些企业持续合作，并按计划采购、部署定制芯片。 博通本季度总营收同比增长28%，公司将这一增长主要归功于人工智能芯片销售额74%的大幅攀升，这 意味着第四季度人工智能相关收入已达82亿美元。 博通（Broadcom）发布的第四财季报告显示，公司调整后每股收益与营收均超出市场预期，同时受 人工智能需求推动，发布了强劲的本季度业绩指引。 营收：180.2亿美元（预期174.9亿美元） 博通表示，第一季度营收预计约为191亿美元，同比增长28%，高于分析师平均预期183亿美元。 首席执行官Hock Tan在声明中称，博通预计本季度人工智能芯片销售额将同比翻倍至82亿美元，收入来 源既包括定制化人工智能芯片，也涵盖人工智能网络相关半导体产品。 本季度公司净利润同比激增97%，从去年同期的43.2亿美元（合每股0.90美元）增至85. ...

Yeah, and meantime, shares of Broadcom are popping here in overtime, up about 3% after posting a beat across the board. The company also saying it expects AI semiconductor revenue to double year-over-year and expects current quarter revenues outlook to be above estimates. And joining us now is Christopher Rand from Saskahana.Christopher, welcome. So last quarter, Hawkan was telling investors that the XPU business, the AI accelerators did so well in part because these three major customers uh were doing bett ...

Core Viewpoint - Broadcom's shares have increased by approximately 3% after reporting strong earnings, with expectations for AI semiconductor revenue to double year-over-year and current quarter revenue outlook exceeding estimates [1]. Group 1: Financial Performance - Broadcom's AI revenue exceeded expectations, with guidance indicating an improvement of about $700 million compared to prior estimates [4]. - The company is experiencing strong demand, particularly from Google for its Tensor Processing Units (TPUs), which is contributing to the positive revenue outlook [4][5]. Group 2: Market Position and Competition - The performance of Broadcom's AI accelerators is attributed to better-than-expected results from three major customers, along with a fourth customer that has not been disclosed yet [2][3]. - The report suggests that Broadcom's success may serve as a counter-narrative to concerns raised by Oracle regarding the AI market, particularly as Oracle focuses on GPU technology rather than TPUs [5]. Group 3: Valuation Insights - Current valuation appears stretched for the next 12 months, but projections for 2027 suggest a more reasonable valuation in the high 20s, considering the potential for new customer acquisitions [6].

Core Viewpoint - Broadcom's stock has experienced significant upward momentum recently, driven by growing excitement for custom chips, with the upcoming earnings report expected to further enhance this trend [1] Group 1 - Broadcom's stock performance has been positively influenced by market anticipation surrounding custom chip developments [1] - The company's latest earnings report is anticipated to contribute to the existing momentum in its stock price [1]

Company Overview - Broadcom provides market-leading semiconductor and software technologies for mission-critical infrastructure[6] - The company has 24 category-leading semiconductor and infrastructure software divisions[7] - Broadcom possesses a broad IP portfolio with approximately 19,000 patents[7] - The company invested $11 billion in R&D in FY25[7] Financial Performance - Broadcom's FY25 net revenue reached $6389 billion[7] - Non-GAAP gross margin in FY25 was 786%[67] - Adjusted EBITDA (Non-GAAP) for FY25 was $43004 billion[65] - Free cash flow (Non-GAAP) for FY25 amounted to $26914 billion[69] Dividend Growth - Broadcom has been growing its common stock dividend since FY11[71]

"市场已经更加谨慎看待AI相关支出，这与2025年年中形成鲜明对比，当时任何暗示资本开支上升的迹 象都会引发兴奋，"Panmure Liberum策略师Susana Cruz表示。"甲骨文是最薄弱的一环，很大程度上是 因为它通过举债来支撑大量投资。" 来源：环球市场播报 逢低买盘推动标普500指数收复盘中失地，收盘创下纪录新高，追踪蓝筹股表现的道琼斯指数和追踪小 盘股表现的罗素2000指数均刷新历史高点。 科技股为主的纳斯达克100指数收低，盘中一度下跌1.6%。 甲骨文令人失望的财报拖累大型科技股走低，甲骨文重挫逾10%，英伟达下跌1.5%。 不过，芯片巨头博通周四盘后公布强劲营收展望，股价在盘后交易中上涨。 道琼斯工业平均指数上涨1.34%，报48704.01点。 纳斯达克综合指数下跌0.25%，报23593.86点。 纳斯达克100指数下跌0.35%。 罗素2000指数上涨1.21%。 美联储在连续第三次降息后仍为明年进一步宽松敞开大门，令投资者安心。交易员押注2026年将有两次 降息。 美国劳工部周四公布的数据显示，上周首次申请失业救济人数增加4.4万，至23.6万人，创下疫情爆发以 来最大增幅。 L ...

A handful of remaining major companies are reporting their quarterly results this week, including Oracle (ORCL) and Broadcom (AVGO). The Q3 earnings season has largely brought solid results. As of Dec. 5, 99% of S&P 500 companies have reported, according to FactSet data, and analysts estimate a 13.4% jump in earnings per share during the third quarter. If it holds, that figure would mark the fourth straight quarter of double-digit earnings growth and an acceleration from the 12% earnings growth rate repor ...

[Chart courtesy of MarketWatch.com][Chart courtesy of MarketWatch.com]Moving the marketThe market was split today: the Dow pushed to fresh highs, while the S&P 500 and Nasdaq slipped early on as renewed worries about pricey tech and AI plays took some air out of yesterday’s Fed-fueled optimism.The rate cut glow from the prior session was still there, but Oracle’s numbers reminded traders that not every big AI story is translating cleanly into earnings just yet.Oracle sank about 13% after missing on revenue ...

Core Insights - The chip designer reported nearly double the net profit in the fourth quarter compared to the same period last year [1] Financial Performance - The company's net profit for the fourth quarter significantly increased, indicating strong financial performance [1]

Group 1: Company Earnings Reports - Costco (COST) reported Q1 earnings per share (EPS) of $4.50, exceeding the estimated $4.28, with total revenue reaching $67.31 billion against an estimate of $67.07 billion, and comparable sales rose 6.4% [3][9] - Broadcom (AVGO) posted Q4 adjusted net revenue of $18.02 billion, surpassing the $17.47 billion estimate, with semiconductor solutions revenue at $11.07 billion, beating the $10.74 billion estimate, and adjusted EPS of $1.95, exceeding the $1.87 consensus [4][9] - Lululemon (LULU) announced Q3 net revenue of $2.57 billion, topping the $2.48 billion estimate, and EPS of $2.59, significantly higher than the $2.22 forecast, but projected Q4 net revenue between $3.50 billion and $3.59 billion, below the consensus estimate of $3.59 billion [5][6][9] Group 2: Market Performance - U.S. equity markets showed mixed performance, with the Dow Jones Industrial Average closing up 650.12 points (1.35%) at 48,707.87, while the Nasdaq Composite dipped 65.89 points (0.28%) to close at 23,588.26, and the S&P 500 posted a modest gain of 12.46 points (0.18%) at 6,899.14 [7][9] Group 3: Leadership Changes - Lululemon announced a significant leadership change with CEO Calvin McDonald set to step down, introducing uncertainty alongside its mixed Q4 guidance [6][9]