芯片巨头博通公司正与英伟达争夺人工智能计算领域营收，但其针对这一火热市场的销售展望未能达到 投资者的高预期，公司股价随即下挫。 周五盘前交易中，博通股价下跌约 5%，此前首席执行官陈福阳在分析师电话会议上的言论引发市场不 安。他表示，公司目前手握 730 亿美元的人工智能产品订单，将在未来六个季度内完成交付 —— 这一 数字令部分投资者感到失望。不过陈福阳随后澄清，该数值为 "最低值"。 "随着未来六个季度内更多订单的落地，我们预计最终订单规模会远高于此，" 他表示，"不同产品的交 付周期有所差异，大致在 6 个月到 1 年之间。" 此次电话会议召开前，博通股价已出现一波迅猛上涨，投资者本希望能更清晰地了解公司从人工智能业 务中获利的时间与方式。然而，公司不仅未给出 2026 年人工智能业务营收预期，仅披露了模糊的时间 表，还透露出利润率将收窄的担忧，这让投资者大失所望。 尽管陈福阳称公司在第四季度收到了人工智能初创公司 Anthropic 的 110 亿美元订单，但他同时警告， 受人工智能产品销售的影响，公司整体利润率正在收窄。 博通也未公布人工智能业务年度营收预期，陈福阳称其为 "动态变化的目标"。 "我 ...

智通财经获悉，在公布第四财季业绩后，博通(AVGO.US)股价在盘后交易中下跌，此前这家芯片制造商 公布的人工智能积压订单略微逊色。在截至11月2日的第四财季，博通公司公布的销售额为180亿美元， 同比增长28%，分析师预期为175亿美元。不计部分项目，每股收益增至1.95美元，分析师预期为1.87美 元。其中，半导体业务营收为110.7亿美元，同比增长34.5%;基础设施业务营收增长19%，达到69.4亿美 元。 受首席执行官Hock Tan在与分析师电话会议上的评论影响，该公司股价在盘后交易中下跌超过5%，抹 去了早盘的涨幅。Tan表示，公司目前积压了价值730亿美元的人工智能产品订单，这些订单将在未来 六个季度内交付——这一数字令一些投资者感到失望。但Tan随后澄清，这只是一个"最低值"。 他说道："我们预计未来六个季度内，随着更多订单的到来，交货量还会大幅增加。因此，根据具体产 品的不同，我们的交货周期可能从六个月到一年不等。" 虽然他表示公司在第四季度从人工智能初创公司Anthropic PBC获得了 110 亿美元的订单，但他同时警 告说，由于人工智能产品的销售，总利润率正在收窄。Tan表示，An ...

在公布第四财季业绩后，博通(AVGO.US)股价在盘后交易中下跌，此前这家芯片制造商公布的人工智能积压 订单略微逊色。在截至11月2日的第四财季，博通公司公布的销售额为180亿美元，同比增长28%，分析师预期 为175亿美元。不计部分项目，每股收益增至1.95美元，分析师预期为1.87美元。其中，半导体业务营收为 110.7亿美元，同比增长34.5%;基础设施业务营收增长19%，达到69.4亿美元。 受首席执行官Hock Tan在与分析师电话会议上的评论影响，该公司股价在盘后交易中下跌超过5%，抹去了早 盘的涨幅。Tan表示，公司目前积压了价值730亿美元的人工智能产品订单，这些订单将在未来六个季度内交 付——这一数字令一些投资者感到失望。但Tan随后澄清，这只是一个"最低值"。 他说道："我们预计未来六个季度内，随着更多订单的到来，交货量还会大幅增加。因此，根据具体产品的不 同，我们的交货周期可能从六个月到一年不等。" 虽然他表示公司在第四季度从人工智能初创公司Anthropic PBC获得了 110 亿美元的订单，但他同时警告说， 由于人工智能产品的销售，总利润率正在收窄。Tan表示，Anthropic在 ...

1.12月11日(周四)美股盘前，美股三大股指期货齐跌。截至发稿，道指期货跌0.18%，标普500指数期货跌0.57%，纳指 期货跌0.78%。 | ■ US 30 | 47.973.70 | 48,134.00 | 47,812.30 | -84.20 | -0.18% | | --- | --- | --- | --- | --- | --- | | = US 500 | 6,847.40 | 6,884.80 | 6,811.30 | -39.40 | -0.57% | | 트 US Tech 100 | 25,575.40 | 25,762.00 | 25,353.30 | -201.00 | -0.78% | 2.截至发稿，德国DAX指数涨0.20%，英国富时100指数涨0.15%，法国CAC40指数涨0.46%，欧洲斯托克50指数涨 0.38%。 美联储会议后，市场预期2026年有两次降息。交易员为美联储决策者为明年进一步宽松政策留有余地而感到安心，目 前认为美联储将在2026年降息两次，尽管美联储的最新预测表明只会降息一次。鲍威尔表示，美联储目前已采取足够 措施稳定劳动力市场，同时维持利率高位以 ...

2. 截至发稿，德国DAX指数涨0.20%，英国富时100指数涨0.15%，法国CAC40指数涨0.46%，欧洲斯托克50指数涨 0.38%。 1. 12月11日(周四)美股盘前，美股三大股指期货齐跌。截至发稿，道指期货跌0.18%，标普500指数期货跌0.57%，纳指 期货跌0.78%。 | ■ US 30 | 47.973.70 | 48,134.00 | 47,812.30 | -84.20 | -0.18% | | --- | --- | --- | --- | --- | --- | | = US 500 | 6,847.40 | 6,884.80 | 6,811.30 | -39.40 | -0.57% | | 트 US Tech 100 | 25,575.40 | 25,762.00 | 25,353.30 | -201.00 | -0.78% | | 1 德国DAX30 | 24,158.29 | 24,179.44 | 24,008.44 | +48.26 | +0.20% | | --- | --- | --- | --- | --- | --- | | 版 英国富时100 | 9,669 ...

Group 1 - OpenAI and Hon Hai (Foxconn) have announced a partnership to design and develop AI data center hardware, including server racks, with production planned in the United States [2][3] - This collaboration is part of OpenAI's broader infrastructure investment strategy, which aims to secure substantial computing power for its AI services, with a reported investment of $500 billion over the coming years [6] - OpenAI's CEO, Sam Altman, emphasized that this partnership is a step towards building core AI technologies domestically in the U.S., aligning with recent initiatives to strengthen local AI infrastructure [3][4] Group 2 - OpenAI's efforts to expand its computing capabilities also include partnerships with Oracle and SoftBank, as well as significant deals with chip manufacturers like NVIDIA and AMD, indicating a push to scale its data center operations [6] - The collaboration with Hon Hai is seen as a strategic move to enhance control over the AI supply chain, following a previous agreement with Broadcom for custom chips and network components [8] - Concerns have been raised regarding OpenAI's high spending rate, with Altman previously stating a commitment of $1.4 trillion to AI infrastructure, raising questions about the sustainability of its business model given its current unprofitability [8]

Core Insights - Broadcom (AVGO.US) has entered into a significant data center partnership with OpenAI, resulting in a market capitalization increase of over $150 billion following the announcement of the agreement [1] - OpenAI has ordered custom chips and network components from Broadcom to enhance its AI services, with plans to invest billions more in chip purchases [1][2] - The collaboration aims to increase AI data center capacity by 10 GW, equivalent to New York City's peak energy demand [1] Group 1: Partnership Details - OpenAI will lead the chip design, while Broadcom is responsible for developing and deploying these custom chips starting in the second half of 2026, with full deployment expected by the end of 2029 [2] - This agreement builds on existing joint development and supply agreements between the two companies, providing Broadcom deeper involvement in the growing AI market [2] - Investors reacted positively, pushing Broadcom's stock up by 9.9% to $356.70, anticipating significant new revenue from the partnership [2] Group 2: Financial Implications - OpenAI's recent high-value contracts are expected to significantly enhance its computing capabilities, with Nvidia planning to invest up to $100 billion to support infrastructure aimed at achieving at least 10 GW of processing power [3] - The cost of chips required for 1 GW of AI computing capacity is approximately $35 billion, totaling over $350 billion for 10 GW [4] - OpenAI is also working on designing its own semiconductor products to reduce costs, although the pricing details for Broadcom's chips in this deal remain unclear [4] Group 3: Strategic Positioning - OpenAI's strategy includes leveraging Broadcom's Ethernet technology alongside Nvidia's proprietary technology, while also designing its own devices as part of custom hardware development [5] - Broadcom will not directly provide data center capacity but will deploy custom hardware server racks for facilities operated by OpenAI or its cloud computing partners [5] - OpenAI's co-founder stated that achieving the envisioned artificial general intelligence requires more than just 10 GW of computing power [5][6]

Group 1 - Broadcom reported a strong Q2 performance with revenue of $15 billion, a 20% year-over-year increase, exceeding analyst expectations of $14.96 billion [1] - Adjusted net income for Q2 was $7.79 billion, a 44% increase year-over-year, with adjusted earnings per share at $1.58, surpassing the average analyst estimate of $1.56 [1] - The semiconductor solutions business for data centers and networking saw revenue growth of 17% to $8.41 billion, also above analyst expectations [1] Group 2 - For Q3, Broadcom expects revenue of $15.8 billion, a 21% year-over-year increase, which is above the average analyst estimate of $15.72 billion but lower than some optimistic forecasts by $1 billion [2] - The company anticipates AI-related revenue to rise to $5.1 billion in Q3, exceeding the average analyst estimate of $4.79 billion, but falling short of some analysts' expectations of $5.29 billion [2] - Despite the strong Q2 results, the subdued Q3 guidance has led to a decline in Broadcom's stock price by over 4% in after-hours trading [3]