海外科技周报：谷歌量子计算详解；博通AI业务远期指引乐观；关注Adobe创意业务增速

Investment Rating - The report maintains a positive outlook on the overseas technology sector, particularly highlighting advancements in quantum computing and AI business prospects [1]. Core Insights - Google's latest quantum computing chip, Willow, has achieved significant breakthroughs, including the ability to exponentially reduce error rates and complete complex calculations in 5 minutes, a task that would take the fastest supercomputer 10^25 years [5][6]. - Broadcom's FY24Q4 results met expectations, with optimistic guidance for AI revenue potential by 2027, projecting a serviceable market size of $60-90 billion [42][44]. - Adobe's FY24Q4 performance exceeded expectations, driven by stable growth in digital media and experience segments, although guidance for FY25 was slightly below market expectations [51][52]. Summary by Sections Google Quantum Computing - The Willow chip represents a major advancement in quantum computing, capable of solving NP problems and demonstrating four core capabilities: error correction, sensitivity, repetition codes, and real-time processing [5][25]. - Future goals include launching a real-world application that traditional computers cannot solve, with ongoing research needed to confirm practical usability [6][37]. - The report discusses various quantum computing technology pathways, emphasizing the significance of Google's progress within the superconducting quantum computing route [18][19]. Broadcom Financial Performance - Broadcom's FY24Q4 revenue reached $14.05 billion, a year-over-year increase of 51.2%, driven by AI and VMware contributions [42][44]. - The company anticipates FY25Q1 revenue of $14.6 billion, with AI revenue projected at $3.8 billion, reflecting a 65% year-over-year increase [42][46]. - Broadcom's AI business is expected to grow significantly, with a serviceable market size projected to be 4.3 times larger by 2027 compared to FY24 [44][46]. Adobe Financial Performance - Adobe's FY24Q4 revenue was $5.61 billion, up 11% year-over-year, with digital media and experience segments showing stable growth [51][52]. - The company has integrated AI tools that enhance user productivity, leading to a 25% increase in active users [52]. - Despite exceeding Q4 expectations, Adobe's FY25 guidance fell short of market forecasts, raising concerns about growth in its creative business [51][52].