计算机周观察20250608：海外AI推理需求大幅提升，稳定币迎来快速发展

Investment Rating - The industry maintains a "Recommended" investment rating, indicating a positive outlook for the sector's fundamentals and expected performance exceeding the benchmark index [3]. Core Insights - The demand for AI inference has significantly increased, with Broadcom reporting AI revenue exceeding expectations, highlighting ongoing investment in the AI sector [6][9]. - Circle, the first publicly traded stablecoin company, saw its stock price surge nearly 250% shortly after its IPO, reflecting strong market interest and potential for rapid growth in the stablecoin sector [6][14]. - The report emphasizes the importance of AI infrastructure investment and the anticipated growth of stablecoins as regulatory frameworks develop, positioning them as a bridge between traditional finance and Web3 [6][14]. Summary by Sections Section 1: Overseas AI Computing Power - Broadcom's Q2 2025 revenue reached $15.004 billion, a 20% year-over-year increase, with AI revenue surpassing $4.4 billion, growing 46% year-over-year [9][10]. - The company anticipates continued growth in AI semiconductor sales, projecting revenue to accelerate to $5.1 billion in Q3 2025 [11]. - The market for AI XPU and networks is expected to reach a serviceable available market (SAM) of $60 billion to $90 billion by 2027, with Broadcom aiming for a leading market share [11]. Section 2: Circle's Market Performance - Circle's stock price increased by approximately 168.48% on its first trading day, closing at $83.23, significantly above its IPO price of $31 [14]. - As of May 23, 2025, the circulating supply of USDC exceeded $61 billion, making it the second-largest stablecoin globally [14][15]. Section 3: Market Performance Review - The computer sector rose by 2.80% in the first week of June 2025, with notable gains from companies such as Huijin Co., Qingyun Technology, and Zhongdian Xilong [18][19].