道指新高。 不过，多数华尔街投行依然维持此前判断，认为美联储明年将降息两次，累计降息50个基点。 花旗集团预计，受疲软的劳动力市场数据支撑，美联储将在明年1月和3月分别降息；摩根士丹利预测降息时点为明年1月和4月。 高盛、富国银行和巴克莱的策略师们也认为，美联储明年将降息两次，3月和6月是可能降息的月份。 当地时间12月12日(周五)，美股三大股指走势分化，道指创下历史新高。截至发稿，道指涨0.24%，标普500指数跌0.08%，纳指跌0.3%。 | 0 | △ 田 03 | 价格 = | 涨跌幅 ◆ | | --- | --- | --- | --- | | 道琼斯指数 | | 48819.15 | +0.24% | | .DJI | | | | | 标普500指数 | | 6895.48 | -0.08% | | .SPX | | | | | 纳斯达克综合指数 | | 23523.63 | -0.30% | | .IXIC | | | | | 纳斯达克中国金龙指数 | | 7831.94 | +0.75% | | IIVA | | | | 消息面上，周五，多位美联储官员发声。美联储施密德表示，劳动力市场正 ...

(本文来自第一财经) 道指涨0.2%，纳指跌0.45%，标普500指数跌0.2%。博通跌超7%，公司目前积压了价值730亿美元的AI 产品订单。甲骨文跌1%，此前一交易日下跌近11%。 道指涨0.2%，纳指跌0.45%，标普500指数跌0.2%。博通跌超7%，公司目前积压了价值730亿美元的AI 产品订单。甲骨文跌1%，此前一交易日下跌近11%。 (本文来自第一财经) ...

Group 1 - Broadcom shares fell over 8% [1] - Micron Technology shares declined over 3% [1] - Marvell Technology shares decreased over 1% [1]

Lululemon - Lululemon's shares increased by approximately 9%, or $17 per share, following the announcement of CEO Calvin McDonald's departure by January 2026 [2] - The company's board is currently collaborating with an executive search firm to appoint a new CEO, while the CFO and Chief Commercial Officer will act as interim co-CEOs [3] - Lululemon reported an EPS of $2.59, exceeding estimates of $2.25, and revenue of $2.57 billion, surpassing expectations of $2.48 billion; however, guidance is projected between $4.66 and $4.76, below the estimate of $5.03 [4] Broadcom - Broadcom's shares fell by about 6%, or $23.57 per share, despite reporting an EPS of $1.95, which was better than the estimated $1.86, and revenue of $18.02 billion, exceeding expectations of $17.49 billion [5] - The CEO indicated that AI chip sales are anticipated to double year-over-year to $8.2 billion, with analysts raising the price target to $475 based on strong AI results [5] - The stock decline was attributed to a disappointing backlog of $73 billion in product orders expected to be shipped over the next six quarters [6] Newmont - Newmont's shares rose by $2.40 per share, benefiting from higher gold prices and generating record free cash flow of $1.6 billion, marking the fourth consecutive quarter of FCF growth over $1 billion [7] - The company's margins are improving due to cost-cutting efforts, and analysts at Bank of America have reiterated a buy rating with a price target of $118 [8]

Core Insights - Broadcom's stock fell nearly 9% after the company warned that rising AI revenue would lead to lower profit margins, disappointing investors who anticipated a successful transition to custom chips for hyperscalers [1][2] - Despite beating Wall Street estimates with Q4 revenue of $18.02 billion and guiding for Q1 revenue of $19.1 billion, the margin warning overshadowed the positive earnings report [1][2] Financial Performance - In Q4, Broadcom reported adjusted EPS of $1.95 on revenue of $18.02 billion, exceeding estimates of $1.87 and $17.45 billion [2] - AI semiconductor revenue reached $8.3 billion in Q4, significantly surpassing prior guidance of $6.2 billion [2] - For fiscal 2025, Broadcom achieved record revenue of $64 billion, a 24% increase, with AI revenue soaring 65% to $20 billion [3] Margin Concerns - CFO Kirsten Spears projected a decline in Q1 gross margins by approximately 100 basis points due to a higher mix of AI revenue, raising concerns among analysts [4] - The shift towards lower-margin system sales, where component costs are passed through to customers, is expected to grow, impacting overall gross margins [4][5] - Custom AI chips and systems inherently carry lower gross margins compared to traditional software products, leading to a compression in gross margin percentage despite absolute dollar profit growth [5] Customer Concentration Risk - The $73 billion backlog is heavily reliant on just five customers, including Google, Meta, and Anthropic, which poses a concentration risk [6] - Any slowdown in orders or a shift to in-house chips by major customers could significantly impact Broadcom's growth trajectory [6] Market Position and Outlook - Despite the sell-off, Broadcom's operating margins remain strong at 66.2% in Q4, and the company is well-positioned as a beneficiary of hyperscalers' demand for custom silicon [7] - The substantial backlog provides unusual revenue visibility, but the margin warning indicates potential challenges ahead [7]

格隆汇12月12日｜博通(AVGO.US)大跌超7%，公司称第一财季毛利润率将因AI产品而收缩1%。 ...

Group 1 - Broadcom's stock fell 8.4% after the company warned of reduced future margins on AI system sales, despite projecting strong quarterly revenue, raising concerns about the profitability of AI investments [1][10] - Other chip stocks, including Advanced Micro Devices, experienced a decline of 1%, while a broader chips index fell by 1.5% following Oracle's weak forecast [2][10] - Nvidia's stock increased by 0.3% as the company is considering raising H200 chip production to meet strong demand from China [11] Group 2 - The S&P 500, Dow, and Russell 2000 closed at record highs, supported by a less hawkish outlook from the Federal Reserve and a reduction in borrowing costs [5][11] - A shift towards value stocks is evident, with the Russell 2000 outperforming the S&P 500 as investors move away from AI-driven growth stocks to sectors like healthcare [6][11] - Lululemon Athletica's stock surged by 12% after the company raised its annual profit forecast and announced the departure of CEO Calvin McDonald [11] Group 3 - Cannabis companies saw significant stock increases, with Canopy Growth rising by 23% and Tilray Brands climbing by 30% following reports of potential easing of marijuana restrictions by President Trump [9][11] - Advancing issues outnumbered decliners on both the NYSE and Nasdaq, indicating a positive market sentiment [9][11] - The S&P 500 recorded 24 new 52-week highs and one new low, while the Nasdaq Composite noted 66 new highs and 37 new lows, reflecting a mixed performance in the market [9][11]

A handful of remaining major companies reported 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 reported i ...

and Kevin Hanks at the CBOE the pre-bell playbook joining us now live from there. Good morning. So I was just saying how it was a record setting day.I mean intraday we saw the Dow hitting highs and you know stocks took off right after the Fed meeting on Wednesday and managed to clock in some wins. What are your thoughts this morning. Good morning Kevin. >> Good morning Nicole.You know, I think this is an interesting market to pay attention to because it seems to be the revenge of the 493. It's the equal wei ...

Broadcom ( AVGO ) just dropped its 4QFY25 results, comfortably sliding ahead of expectations, reporting $18.02B for the quarter, better than the expected $17.49B, and guiding for 1QFY26 sales of $19.10B, higher than the $18.3B anticipated. The stock is up about 3% on the resultsTech Stock Pros is a team of three former technology sector engineers with a long history of investing in the tech sector. They run Tech Contrarians, an investing group providing institutional-level company research to individual inv ...