Core Viewpoint - Broadcom is expected to report strong earnings on June 5, 2025, with projected earnings of $1.57 per share and sales of $14.97 billion, reflecting significant year-over-year growth driven by AI-related products and custom ASIC sales [2][3]. Financial Performance - Broadcom has a market capitalization of $1.1 trillion and generated $55 billion in revenue over the last twelve months, with operating profits of $19 billion and net income of $10 billion [3]. Historical Earnings Reaction - Historically, Broadcom's stock has reacted positively to earnings announcements, with a positive one-day return in 80% of instances over the past five years, showing a median gain of 2.9% and a maximum one-day increase of 24.4% [1][7]. - In the last three years, the percentage of positive one-day returns decreased to 73%, with a median of 2.9% for positive returns and -6.2% for negative returns [7]. Trading Strategies - Event-driven traders can benefit from understanding historical patterns, including correlations between short-term and medium-term returns post-earnings [5][6]. - Pre-earnings positioning can be analyzed based on historical probabilities, while post-earnings positioning can leverage correlations between immediate and medium-term returns [6].

摩根大通(小摩)最新发布的研报显示，博通(AVGO.US)凭借其在人工智能(AI)ASIC和网络半导体市场的 主导地位，正蓄势待发，有望在2025财年实现高达190亿至200亿美元的AI业务收入，同比增长60%以 上，与公司设定的三年服务可用市场(SAM)复合年增长率(CAGR)60%-65%目标一致。截至2025年6月2 日，博通股价为248.71美元，小摩给出12个月目标价250美元，维持"增持"评级。 博通的AI业务增长主要得益于其新一代产品的推出。例如，谷歌TPUv63nm ASIC项目已开始量产，每 个封装包含两个3nm计算芯片和八个堆叠的HBM3e芯片，成为全球最强大的定制AI XPU之一。小摩预 计，仅这一项目在博通的生命周期总收入将超过150亿美元，并将在2025年下半年至2026年上半年逐步 贡献收入。 此外，博通还计划在2025年下半年推出下一代Tomahawk63nm交换芯片，这将进一步巩固其在高性能以 太网交换芯片市场的领先地位，该市场目前由博通主导，占有80%以上的市场份额。Tomahawk6芯片支 持102Tbps的交换吞吐量和200Gbps SERDES，是目前全球性能最高的网络 ...

芯片超人现有 1600平米 芯片智能仓储基地，现货库存型号 1000+ ，品牌高达 100种 ， 5000万颗 现 货库存芯片，总重量 10吨 ，库存价值高达 1亿+ 。同时，芯片超人在深圳设有独立实验室，每颗物料 均 安排QC质检 。 求购以下料号 | 品牌 | 型号 | 数量 | | --- | --- | --- | | BEL FUSE | 0685T3000-01 | 50K | | ADI | ADXRS453BEYZ-RL | 500个 | | ADI | AD9254BCPZ-150 | 500个 | | 英飞凌 | IPLU300N04S41R1 | 4K 2年内 | 优势物料，特价出售 | 品牌 | 型号 | 数量 | 年份 | | --- | --- | --- | --- | | TI | TPS78230DRVR | 15k | 24+ | | TI | TLV70218DBVR | 12000pcs | 24+ | | 博通 | BCM5338MKQMG | 165pcs | 12+及 | | | | | 11+ | | TI | BQ25890RTWR | 3k | 22+ | ...

Group 1 - Bentley Systems, Incorporated (BSY) has shown a year-to-date return of 2.2%, outperforming the average return of -1.7% for the Computer and Technology sector [4] - The Zacks Consensus Estimate for BSY's full-year earnings has increased by 4.4% over the past 90 days, indicating improving analyst sentiment [4] - Bentley Systems is currently ranked 2 (Buy) in the Zacks Rank, which is a stock-picking model focusing on earnings estimates and revisions [3] Group 2 - Bentley Systems belongs to the Internet - Software industry, which consists of 167 companies and is currently ranked 51 in the Zacks Industry Rank [6] - The Internet - Software industry has seen an average gain of 6.9% year-to-date, indicating that BSY is slightly underperforming its industry [6] - In contrast, Broadcom Inc. (AVGO), another stock in the Computer and Technology sector, has a year-to-date return of 4.4% and is also ranked 2 (Buy) [5]

从去年年底博通市值突破万亿美元后，就一直想聊一聊博通，准备后面把博通这家公司的业务好好 梳理一下，今天这篇文章，我们根据博通在5月30日举办的投资者网络研讨会的内容，先简单聊一聊 博通。 博通的Tomahawk 6 3nm芯片组已准备好在2025年下半年量产。这款芯片不仅是全球最复杂、性能最 高的交换芯片，支持102Tbps吞吐量，还采用了博通顶尖的200Gbps SERDES I/O技术。Tomahawk 6 不仅支持传统横向扩展，还扩展到新的纵向扩展用例，满足通用云、AI/机器学习和企业数据中心等 多种网络工作负载需求。这使得博通在竞争中始终保持1-2步的领先优势。 在AI芯片和网络半导体领域，博通有着无可撼动的领先地位。AI芯片主要分为两个大类，一个是 GPU，当然就是英伟达是绝对的龙头，另一类就是ASIC，也就是AI专用芯片，像Google和亚马逊的 AI芯片都是跟博通合作开发的；除了AI芯片，博通的网络芯片也是业内的龙头。 根据最新报告，博通预计2025财年AI相关总收入将达到190亿至200亿美元，同比增长超60%，完全 符合其三年目标市场规模（SAM）复合年增长率60-65%的预期。这不仅彰显了 ...

New AI-powered Features Deliver Actionable Insights and Enhanced CollaborationPALO ALTO, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- Broadcom (NASDAQ: AVGO) today announced the general availability of the newest investment made to VMware Tanzu CloudHealth, a comprehensive new user experience that delivers a suite of feature enhancements and new AI-powered features like Intelligent Assist and Smart Summary. The new CloudHealth experience brings more accurate data and actionable insights to the entire FinOps Te ...

Market Overview - April 2023 ended on a mixed note for investors, contrasting with its historical reputation as a favorable month [1] - May 2023 saw significant gains in U.S. stock markets, with the Dow, S&P 500, and Nasdaq Composite increasing by 3.9%, 6.2%, and 9.6% respectively, marking the best month for Nasdaq since November 2023 [2] Technology Sector Performance - The technology sector was a primary driver of May's market turnaround, with the Technology Select Sector SPDR (XLK) surging over 10% [2][9] - Five technology companies with favorable Zacks Ranks and double-digit returns in the past month are recommended for investment: Intuit Inc. (INTU), Amphenol Corp. (APH), Broadcom Inc. (AVGO), Twilio Inc. (TWLO), and Ubiquiti Inc. (UI) [3] Company Insights Intuit Inc. (INTU) - Intuit has seen steady revenue growth from its Online Ecosystem and Desktop segments, with strong performance in Mailchimp, payroll, and Money services [6] - The company is transitioning to a cloud-based subscription model, which is expected to provide stable long-term revenues [7] - Intuit's generative AI-powered "Intuit Assist" offers personalized financial insights, integrated into various products [8] - Expected revenue and earnings growth rates for the current year are 14.8% and 18% respectively, with a 3.7% improvement in earnings estimates over the last 30 days [10] Amphenol Corp. (APH) - Amphenol provides AI and machine learning-based connectivity solutions, benefiting from a diversified business model [11] - The company anticipates earnings growth from its acquisition of Andrew, expected to add approximately $0.09 to earnings in 2025 [13] - Expected revenue and earnings growth rates for the current year are 32.3% and 40.7% respectively, with a 3.1% improvement in earnings estimates over the last 30 days [13] Broadcom Inc. (AVGO) - Broadcom is experiencing strong demand for its networking products and AI accelerators, with AI revenues expected to rise 44% year-over-year to $4.4 billion in Q2 fiscal 2025 [14][18] - The company’s acquisition of VMware has enhanced its infrastructure software solutions, with 70% of its largest customers adopting VMware Cloud Foundation [15] - Expected revenue and earnings growth rates for the current year are 21.2% and 36.1% respectively, with a 0.2% improvement in earnings estimates over the last seven days [18] Twilio Inc. (TWLO) - Twilio focuses on generative AI offerings, launching Customer AI technology to enhance customer engagement [19] - The company has partnered with Alphabet Inc. for Google Cloud integration, which is expected to boost revenue growth [21] - Expected revenue and earnings growth rates for the current year are 7.8% and 22.6% respectively, with a 7.1% improvement in earnings estimates over the last 30 days [23] Ubiquiti Inc. (UI) - Ubiquiti's adaptable global business model supports growth and operational efficiency [24] - The company leverages its community of service providers and IT professionals to enhance product support and information dissemination [25] - Expected revenue and earnings growth rates for the current year are 1.7% and 10.8% respectively, with a 0.1% improvement in earnings estimates over the last 60 days [26]

Group 1 - TSMC's new factory in the U.S. is experiencing high demand for orders from major clients including Apple, AMD, Qualcomm, Broadcom, and NVIDIA, with expectations that all orders will be fulfilled this year [1][2] - Apple remains TSMC's largest customer, planning to produce tens of millions of advanced chips at the new Arizona facility, marking a significant commitment to local manufacturing [1][2] - The geopolitical landscape is driving TSMC's clients to seek alternative manufacturing locations, which is expected to accelerate the economic scale of TSMC's U.S. operations and lead to substantial revenue growth [1][3] Group 2 - NVIDIA is heavily reliant on TSMC's U.S. factory for chip production, with plans for close collaboration and expected mass production of AI chips by the end of this year [2] - AMD, Broadcom, and Qualcomm are also key clients of TSMC's U.S. facility, with AMD focusing on high-performance computing and future technological innovations [2] - TSMC's chairman has indicated plans for a significant investment in the U.S., with projections that 30% of advanced process capacity below 2nm will be produced at the Arizona facility to meet client demands [2] Group 3 - The yield rates at TSMC's U.S. factory are reportedly comparable to those in Taiwan, indicating strong operational performance and increasing client interest in placing orders [3] - The rapid expansion of TSMC's U.S. facilities is being driven by the demand from American clients seeking reliable production capabilities [3]

Core Viewpoint - Nvidia has been the leading investment in AI since 2023, with its stock rising over 800%, turning every $10,000 invested into over $90,000 [1] - However, Nvidia faces competition as clients explore custom AI accelerators, which could impact its market dominance [2][8] Group 1: Nvidia's Market Position - Nvidia has been the sole source of AI computing hardware, allowing it to charge premium prices for its GPUs, resulting in soaring margins [2] - Despite the rise of custom AI accelerators, GPUs still have a significant role in AI training and other applications [8] Group 2: Emergence of Custom AI Accelerators - Broadcom is positioning itself as a key player in the design of custom AI accelerators, referred to as XPUs, which could create a massive market opportunity [3][5] - The total addressable market for XPUs from just three clients is projected to be between $60 billion and $90 billion by 2027 [7] Group 3: Competitive Landscape - XPUs can be optimized for specific workloads, allowing clients to tailor their hardware needs and potentially reduce costs compared to Nvidia's GPUs [6] - Broadcom's management is optimistic about the growth of XPUs, indicating that their usage is expected to outpace that of GPUs in the coming years [8] Group 4: Investment Considerations - Broadcom's stock is currently trading at a premium, with a forward earnings multiple of nearly 36 times, reflecting market expectations for XPUs [10][12] - Investors are advised to monitor Broadcom's performance in the XPU segment to gauge its future success [12]

Core Viewpoint - The AI ASIC industry is experiencing significant growth opportunities due to its advantages over general-purpose chips like GPUs and CPUs in terms of computing power, efficiency, and cost per unit of computing power, which are driving demand growth [1][2]. Group 1: Market Dynamics - The ASIC market is catalyzed by its ability to adapt to various business scenarios and customer needs, providing flexibility in business layout [1]. - Major overseas CSP companies are launching self-developed chips, with Google releasing its latest TPU chip, Trillium, which has more than doubled its computing power compared to the previous generation [2]. - AWS has introduced the Trainium series, with the latest Trainium2 chip's performance being four times that of its predecessor, showcasing advancements in AI chip technology [2]. Group 2: Company Performance - Leading AI ASIC design companies like Broadcom and Marvell are benefiting from the surge in AI demand, with Broadcom projecting a 220% year-on-year increase in AI business revenue to $12.2 billion for fiscal year 2024 [3]. - Broadcom anticipates that its AI business revenue will reach between $60 billion to $90 billion by 2027, indicating strong market confidence [3]. - Marvell expects its AI business revenue to grow from $550 million to $2.5 billion between fiscal years 2024 and 2026, reflecting accelerated growth [3].