第一财经·2025-09-05 15:28Core Viewpoint - Broadcom's stock surged over 14% following news of its collaboration with OpenAI to design AI chips, alongside a strong financial performance in its latest quarterly report [3][4]. Financial Performance - For the third quarter of fiscal year 2025, Broadcom reported revenues of $15.952 billion, a 22% year-over-year increase, and a GAAP net profit of $4.14 billion, a significant turnaround from a net loss of $1.875 billion in the same quarter last year [4]. - Semiconductor solutions revenue reached $9.166 billion, up 26% year-over-year, while infrastructure software revenue was $6.786 billion, reflecting a 17% increase [4]. - AI-related revenue for the quarter was $5.2 billion, marking a 63% increase year-over-year, with expectations for AI semiconductor revenue to reach $6.2 billion in the fourth quarter, continuing an 11-quarter growth streak [4]. AI Business Development - Broadcom's CEO highlighted the ongoing growth in AI-related business, with three clients expected to deploy clusters of 1 million AI accelerator chips each by 2027 for training advanced models [4]. - A new potential client has placed a confirmed order, contributing to over $10 billion in AI chip orders from new customers, which is anticipated to significantly enhance Broadcom's AI revenue in fiscal year 2026 [4]. Collaboration with OpenAI - Reports indicate that Broadcom is assisting OpenAI in designing and producing an AI chip, with plans for mass production next year, although OpenAI has not confirmed this collaboration [5]. - This is not the first instance of collaboration between OpenAI and Broadcom, as previous reports suggested partnerships involving chip manufacturing to reduce reliance on Nvidia [5]. Market Context - Nvidia reported its second-quarter fiscal year 2026 earnings, with revenues of $46.743 billion, a 56% year-over-year increase, and a net profit of $26.422 billion, up 59% year-over-year, although its data center revenue fell slightly short of market expectations [6].