Mei Ri Jing Ji Xin Wen·2025-09-08 04:27Group 1 - The core viewpoint of the article highlights the strong performance of Broadcom in Q3, achieving revenue of $15.95 billion, a 22% year-over-year increase, surpassing analyst expectations and previous guidance, marking the highest revenue for the same period in the company's history [1] - Broadcom's guidance for Q4 indicates expected revenue of approximately $17.4 billion, reflecting a 23.8% year-over-year growth, exceeding market expectations of $17.05 billion [1] - The communication ETF (515880) experienced a significant decline of over 8% during intraday trading, with active trading volume exceeding 1.4 billion yuan, while net inflows over the past 10 days exceeded 4.3 billion yuan, positioning it as the largest in its category with a current scale of over 11.2 billion yuan [1] Group 2 - The recent adjustment in the computing power sector is noted, with Citic Securities stating that Broadcom's performance reaffirms the high prosperity of the computing power industry chain [1] - The penetration rate of AI large models remains low, indicating that the industrialization cycle has just begun, and investments in computing power driven by large models are expected to grow significantly [1] - The communication ETF (515880) has nearly 50% allocation in optical modules, with "optical modules + servers + optical fibers + copper connections" accounting for over 75%, suggesting a strategic focus on the core engines of computing power [1]