如果您希望可以时常见面，欢迎标星收藏哦~ 美媒报导，博通和台积电正成为客制化人工智能芯片热潮的主要受益者，与英伟达在人工智能基础 设施市场的持续主导地位一起，从中获取价值。 247wallst报导指出，博通刚刚公布2026财年第一季业绩，营收达180.2亿美元，年增28%，其中人 工智能半导体营收飙升74%。该公司预计，在客制化人工智能加速器和乙太网路人工智能交换器的 推动下，2026财年第一季人工智能半导体营收将年增一倍，达到82亿美元。 博通最近一个季度的获利成长高达188%，毛利率稳定在68%左右，这使其在超大规模资料中心建 构专有芯片架构的过程中展现出卓越的定价能力。 台积电作为制造支柱的作用同样至关重要。这家晶圆代工巨头公布了2025财年第四季财报，营收 达337.3亿美元，年增20.5%，其中77%的晶圆收入来自先进的7纳米及以下制程。台积电3纳米制 程占晶圆营收的28%，5纳米制程占35%，反映出市场对尖端人工智能芯片制造的强劲需求。台积 电45%的利润率和54%的营业利益率也凸显了服务人工智能基础建设的获利能力。 *免责声明：文章内容系作者个人观点，半导体芯闻转载仅为了传达一种不同的观点，不代 ...

格隆汇2月4日｜随着人工智能热潮的继续推进，英伟达很可能失去如今的主导地位，因为越来越多的大 型数据中心运营商为降低成本，正在采购定制芯片（ASIC），这将让英伟达的通用型芯片"跌落云 端"。研究公司Counterpoint在一份报告中指出，博通预计将在2027年继续保持其作为顶级AI服务器计算 ASIC设计合作伙伴的领先地位，市场份额进一步扩大至60%。同时，与博通合作紧密的台积电也将快 速扩张。作为定制芯片的主要代工选择，该公司几乎完全吃下全球前十大数据中心及ASIC客户的晶圆 制造订单，市场份额接近99%。Counterpoint预测，在英伟达通用型GPU独占鳌头的阶段之后，人工智 能芯片热潮的第二阶段将变成ASIC与GPU的激烈竞争，且博通和台积电有望成为最大赢家。 ...

智通财经2月4日讯（编辑 马兰）随着人工智能热潮的继续推进，英伟达很可能失去如今的主导地位， 因为越来越多的大型数据中心运营商为降低成本，正在采购定制芯片（ASIC），这将让英伟达的通用 型芯片"跌落云端"。 ASIC与GPU 英伟达GPU的核心优势是大规模并行计算能力，适合处理矩阵乘法、卷积运算等人工智能任务。但随着 数据中心投入和能耗问题的不断加剧，各大数据中心所有公司正在思考更加高效简约，且符合自身需求 的解决方案。 如博通为谷歌设计的TPU，其核心是脉动阵列架构，专注于矩阵乘法等张量运算，其能效比是英伟达 H100的2到3倍，而推理成本则低30%至40%。高盛分析师James Schneider指出，TPU技术从v6发展到v7 还将帮助每个token的成本下降70%。 研究公司Counterpoint在一份报告中指出，博通预计将在2027年继续保持其作为顶级AI服务器计算ASIC 设计合作伙伴的领先地位，市场份额进一步扩大至60%。 与此同时，与博通合作紧密的台积电也将快速扩张。作为定制芯片的主要代工选择，该公司几乎完全吃 下全球前十大数据中心及ASIC客户的晶圆制造订单，市场份额接近99%。 Cou ...

Group 1 - Broadcom Inc. is recognized as one of the top 10 growth stocks on NASDAQ for the next decade, with an upgrade from Peer Perform to Outperform and a price target of $400, indicating a potential upside of 20.7% from current levels [1] - The company is projected to ship up to 7 million tensor processing units by 2028, enhancing its production and revenue outlook, with AI revenue expected to double by 2027, potentially driving earnings to around $18 per share [2][3] - Broadcom's increasing competitiveness in the AI hardware space is highlighted, with a significant growth trajectory in tensor processing units, marking its emergence as a major player in this segment [3] Group 2 - Counterpoint Research forecasts that Broadcom will maintain its leadership in the AI server compute ASIC design market, capturing approximately 60% market share by 2027 [4] - Broadcom operates in the semiconductor and infrastructure software sectors, providing a range of solutions including wireless connectivity, server and storage systems, and broadband solutions [5]

Software Industry - The software sector is experiencing significant declines, with many companies down 9-10% in a single day, and year-to-date performance showing Teladoc down 27% and HubSpot down nearly 40% [1][2] - Cisco and Zoom are among the few companies in the software sector showing positive performance [2] - The divergence between software and semiconductor stocks is notable, with semiconductor ETFs performing positively, while software ETFs are down 20% [3][4] Semiconductor Industry - The semiconductor sector presents a contrasting narrative, with smaller companies compensating for declines in major players like Nvidia and Broadcom [2] - SanDisk has seen an increase of nearly 200%, and Western Digital is up 70% year-to-date [2] Investment Trends - Value stocks are outperforming growth stocks, with value up 5% year-to-date while growth is down 3% [6][7] - The current market environment is seeing a shift where institutional investors are rotating out of previously successful stocks into new opportunities, particularly in AI-centric companies [30][32] AI and Technology - The integration of AI is driving significant changes in the technology landscape, with companies like Palantir capitalizing on the demand for AI solutions [56][60] - The AI sector is expected to generate substantial revenue growth, with companies like Snowflake and DataDog positioned to benefit from the ongoing transformation [65][66] IPO Market - There is a growing anticipation for IPOs, particularly from companies like SpaceX and OpenAI, with expectations that SpaceX will go public first [22][23] - The current sentiment around M&A and IPOs is at a six-year high, indicating a favorable environment for new public offerings [42] Market Dynamics - The market is currently characterized by a high level of volatility, but there is a growing confidence among companies to go public despite this uncertainty [40][41] - The balance sheets of companies are under increased scrutiny as they navigate significant capital expenditures while managing revenue growth [78]

Market Overview - The three major U.S. stock indices closed lower, with the Dow Jones down 0.34%, the Nasdaq down 1.43%, and the S&P 500 down 0.83% [1] - Popular technology stocks experienced declines, with Broadcom falling over 3%, and Microsoft, Nvidia, and Meta each dropping over 2% [1] Sector Performance - The rare earth, non-ferrous metals, and precious metals sectors saw significant gains, with gold resources rising over 20%, Southern Copper up over 11%, Americas Silver up over 8%, and Pan American Silver up over 5% [1] - Conversely, application software, cryptocurrency, and weight loss drug stocks faced notable declines, with Novo Nordisk down over 14%, Coinbase and Circle each down over 4%, and Eli Lilly and Pfizer each down over 3% [1] Notable Company Movements - Walmart's stock increased by 2.94%, marking its market capitalization surpassing the $1 trillion milestone for the first time [1] - The Nasdaq Golden Dragon China Index fell by 0.94%, with significant declines in popular Chinese stocks such as Daqo New Energy down 5.6%, Bilibili down 4%, and Kingsoft Cloud down 3.5% [1] - Alibaba dropped 2.9%, while NIO rose 0.8%, Pony.ai increased by 2%, Huazhu up 2.2%, New Oriental up 2.3%, Li Auto up 2.7%, Canadian Solar up 4.1%, and Xpeng up 4.3% [1]

Core Viewpoint - The market is currently favoring hardware and industrial companies while software companies are facing significant declines, driven by fears of obsolescence due to AI advancements [2][4][19]. Group 1: Market Trends - The Dow dropped 167 points, reflecting a broader market trend where software stocks are being heavily sold off, with the NASDAQ down 1.43% [2]. - High-quality enterprise software stocks like Salesforce, ServiceNow, and Adobe reported strong earnings but still saw their stock prices decline significantly [4]. - The market sentiment indicates a collective belief that software companies are at risk of being replaced or diminished by AI technologies [5][16]. Group 2: Company Performance - Major software companies such as Microsoft, Salesforce, Oracle, and Adobe experienced stock declines ranging from 3% to 11% [10][11]. - Companies that utilize software, like Procter & Gamble and FedEx, are currently performing well despite their own earnings challenges [8]. - Private equity firms with stakes in enterprise software companies are also facing pressure, as the market for new public offerings in this sector appears to be closing [18]. Group 3: Investment Strategies - There is a growing trend of investors using ETFs to short software stocks, indicating a bearish outlook on the sector [9]. - Some analysts suggest that it may be prudent to take advantage of the current low prices of certain tech stocks that are being unfairly dragged down by the broader software sell-off [12]. - The shrinking price-to-earnings multiples for software companies suggest that investors are becoming increasingly cautious about future earnings potential [16][17].

来源：@究竟视频微博 【#英伟达微软跌超2.8%#，沃尔玛市值破1万亿美元，#金银价格强劲反弹#】*纳指几乎回吐年内涨幅 *避险需求回流，国债收益率回落，金银强劲反弹 大型科技股普遍承压。英伟达收跌2.84%，连续第三个交易日回落。微软下跌2.87%，特斯拉基本持 平、微涨0.04%，苹果回落0.20%。AlphabetA类股下跌1.16%，C类股跌1.22%；亚马逊下挫1.79%，博通 跌幅达3.26%，超威半导体下跌1.69%，Meta Platforms下滑2.08%。 沃尔玛上涨逾2%，受数字业务增长和新客户获取带动，公司市值首次突破1万亿美元。 大宗商品市场方面，金银价格在连续两个交易日大幅下跌后强劲反弹。现货黄金在纽约尾盘上涨 5.2%，报每盎司4906.82美元，自周一低点4403.24美元显著回升，但仍低于上周创下的5594.82美元历史 高位。4月交割的纽约黄金期货上涨6.1%，结算价报4935美元。现货白银上涨4.8%，报每盎司83.23美 元。 *AI竞争冲击估值，软件与数据分析板块承压 美国股市周二下跌，科技股抛售拖累标普500指数和纳斯达克综合指数明显走低，投资者对人工智能相 关投入 ...

周二美股成交额第1名英伟达收跌2.84%，成交363.81亿美元。至此英伟达已连续第三个交易日下跌。 昨日有报道称英伟达计划向OpenAI投入1000亿美元的计划已陷入停滞，因公司内部对OpenAI的商业模 式和长期竞争态势产生严重疑虑。 不过英伟达CEO黄仁勋周二表示，公司对OpenAI的投资计划仍"按部就班推进"。 "此事完全不存在争议，相关说法纯属无稽之谈，" 黄仁勋称，"我们十分乐意与OpenAI合作。"黄仁勋 同时表示，英伟达将参与OpenAI的下一轮融资。他称这轮融资将成为"历史上规模最大的私人融资"。 他还补充道，英伟达会考虑参与OpenAI未来的所有融资轮次，并希望参与OpenAI最终的首次公开募 股。 第2名微软收跌2.87%，成交247.46亿美元。至此该股已经连续四个交易日下跌，今年迄今已下跌约 15%。该公司近日公布了第四季度财报，这家科技巨头在营收和盈利两方面均超出市场预期，然而财报 发布后其股价大幅下跌。 第3名特斯拉收高0.04%，成交236.97亿美元。据央视新闻消息，当地时间2月3日，法国巴黎检察院表 示，当天已对美国企业家马斯克旗下社交媒体平台X位于法国的办公场所展开搜查。 ...

Broadcom stock (NASDAQ: AVGO) plunged about 6.6% in heavy trading on Tuesday as investors digested worries that rapid AI-driven sales could squeeze margins. Tuesday's slide took the Broadcom stock pri... ...