博通-买入评级-ASIC 与网络业务或迎双重上行

24 November 2025 Networking can drive further upside driven by TAM expansion: The overall AI total addressable market (TAM) is expanding beyond traditional hyperscalers into emerging hyperscalers, enterprise and sovereign AI, driving the AI networking TAM higher too. Already the market leader in Ethernet switches, Broadcom has also matched digital signal processor (DSP) market leader Marvell's roadmap with its 1.6T solution (see Marvell Technology (MRVL US): Initiate at Hold, 24 November 2025). Therefore, w ...