经过一个周末 聚会 交流 国内还有几十个知名的不知名的通用GPU 定制asic 那谁最好？ 负责任的说 台积电！ 但是现在全球是万芯大战了，通用的GPU：英伟达 AMD/// hwj hw 海光等... ASic:tpu meta 字节 openai aws 微软 阿里 百度.... 多的不胜枚举,最近Xai 也进来了，很多小厂也正在进 来。 大家惊奇地发现，3年过去了，万模大战没出现，目前模型已经走向收敛，海内外第一轮淘汰赛已经结 束。剩下的不多了。 ...

Overall Performance - Marvell Technology reported Q4 FY2025 revenue of $1.82 billion, a year-over-year increase of 27.4%, meeting market expectations [4][12] - The company achieved a net profit of $200 million, marking a return to profitability, with adjusted operating income reaching $390 million, up from $216 million in the previous quarter [4][16] Business Segments - Data center business is the largest growth driver, accounting for over 70% of total revenue, with Q4 revenue of $1.366 billion, a year-over-year increase of 78.5% [4][10] - AI-related revenue within the data center segment is estimated at approximately $700 million, driven by demand for custom ASICs from clients like Amazon [4][17] - Enterprise networking and carrier infrastructure segments showed signs of recovery, with revenues of $171 million and $106 million, respectively, both experiencing quarter-over-quarter growth [4][20][22] Future Guidance - For Q1 FY2026, Marvell expects revenue of around $1.88 billion, slightly above market expectations [5] - The company anticipates a GAAP gross margin of 50.5% for the upcoming quarter, indicating a stable outlook [5] AI Business Concerns - Market concerns regarding the growth potential of Marvell's AI business have intensified, particularly in light of the company's guidance for a slowdown in AI revenue growth in the next quarter [7][8] - Despite reaffirming a forecast of over $2.5 billion in AI revenue for FY2026, market expectations have risen to around $3.5 billion, creating a potential disconnect [8] Cost Structure - Operating expenses for Q4 FY2025 were $682 million, with R&D expenses at $499 million, reflecting an 8.6% year-over-year increase [14] - Selling and administrative expenses decreased by 7.7% year-over-year, benefiting from revenue growth [14]