瑞银绩前唱多博通(AVGO.US) AI业务发展势头迅猛

Core Viewpoint - UBS maintains a "Buy" rating on Broadcom (AVGO.US) and raises the target price from $290 to $345, reflecting optimism about the company's AI business development momentum [1] Group 1: Financial Performance - Broadcom is expected to report third-quarter revenue growth of 21% year-over-year, reaching $15.82 billion, with earnings per share projected at $1.66 compared to $1.24 in the same period last year [1] - Analysts anticipate that Broadcom's performance will meet expectations, with an upward revision of the fourth-quarter guidance likely [1] Group 2: AI Business Development - Google's latest AI chip, TPUv6p, relies on Broadcom's custom chip technology, which is currently ramping up production, contributing to the potential upward revision of performance guidance [1] - The production of TPUv6p is expected to significantly increase in the second half of 2025, continuing into 2026, with wafer demand projected to grow by 51% year-over-year, potentially driving a 60% year-over-year increase in Broadcom's AI business revenue in 2025 [1] Group 3: Networking and Market Potential - With the increase in Ethernet architecture deployment, AI-related networking business may accelerate in fiscal year 2026 [1] - The potential market size for Broadcom's custom chips is estimated to be between $60 billion and $90 billion [1] Group 4: Stock Performance - Broadcom's stock closed up 0.75% at $300.25, with a cumulative increase of 30% year-to-date [3]