<p><strong>博通</strong>（AVGO 9.18%）在上周四发布了出色的 2025 财年第三季度业绩，股价在盘后交易中上涨超过 4%。如果这一涨幅持续，博通将达到新的历史高点，并且年初至今上涨超过 35%。</p>
<p>然而，最好不要过于关注对财报的短期反应，而是要关注这些财报如何融入整体投资论点。公司的业绩建立在一个极具吸引力的增长故事之上，这可能使博通成为第七家市值超过 2 万亿美元的 “十巨头” 成长股。</p>
<p>“十巨头” 是按市值计算的 10 家最大的美国成长型公司，包括：</p>
<ul>
<li><strong>英伟达</strong></li>
</ul>
<ul>
<li><strong>微软</strong></li>
</ul>
<ul>
<li><strong>苹果</strong></li>
</ul>
<ul>
<li><strong>谷歌母公司</strong></li>
</ul>
<ul>
<li><strong>亚马逊</strong></li>
</ul>
<ul>
<li><strong>Meta 平台</strong></li>
</ul>
<ul>
<li><strong>博通</strong></li>
<li><strong>特斯拉</strong></li>
<li><strong>甲骨文</strong></li>
<li><strong>奈飞</strong></li>
</ul>
<p>这些公司合计占 <strong>标准普尔 500 指数</strong> 的 38%。以下是博通为何仍然是长期投资者现在可以购买的最佳人工智能（AI）成长股之一的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxMDcvYWJzdHJhY3QtaW1hZ2UtZmVhdHVyaW5nLWxpbmVzLW9mLWNvZGUtb24tYS1jb2xvcmZ1bC1jaXJjdWl0LWJvYXJkLWlsbHVzdHJhdGluZy10aGUtZ3Jvd2luZy1yb2xlLW9mLWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWluLXRoZS1kaWdpdGFsLXRyYW5zZm9ybWF0aW9uLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxMDcvYWJzdHJhY3QtaW1hZ2UtZmVhdHVyaW5nLWxpbmVzLW9mLWNvZGUtb24tYS1jb2xvcmZ1bC1jaXJjdWl0LWJvYXJkLWlsbHVzdHJhdGluZy10aGUtZ3Jvd2luZy1yb2xlLW9mLWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWluLXRoZS1kaWdpdGFsLXRyYW5zZm9ybWF0aW9uLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>博通的 AI 业绩持续令人印象深刻</h2>
<p>正如英伟达的目标市场从游戏和专业可视化转向数据中心，博通也从一家半导体公司转型为一家混合半导体和基础设施软件公司，越来越关注 AI。</p>
<p>博通在 2023 年 11 月完成了对 VMware 的收购。时机恰到好处，因为 AI 的采用和资本支出在整个科技行业中正在上升。VMware 使博通成为虚拟化和云管理工具的主要参与者。在博通最新的季度中，基础设施软件占总收入的 43%，这很大程度上归功于 VMware。</p>
<p>在软件之外，博通的半导体解决方案收入为 91.7 亿美元，其中 52 亿美元来自 AI。博通的主要 AI 产品是其定制的 AI 加速器，称为 XPUs，这是一种针对超大规模云计算客户的先进应用特定集成电路（ASIC）。</p>
<p>在财报电话会议上，博通表示 XPUs 占该季度 AI 收入的 65%。其余 35% 可能来自于连接 XPUs 的 Tomahawk 以太网交换机和连接 XPUs 跨机架、集群和数据中心的 Jericho 路由器。博通最新的 Jericho4 以太网交换机甚至可以连接超过 100 万个 XPUs，展示了博通在芯片设计和网络连接方面的领导地位。</p>
<h2>一些超大规模客户正在推动对博通 XPUs 的需求</h2>
<p>在财报电话会议上，博通表示它继续从三个核心客户中增长业务，这些客户一直在使用博通设计自己的 AI 应用芯片。博通还表示，它将两个主要潜在客户中的一个转变为合格客户，该客户已订购了价值 100 亿美元的 AI 机架，这占博通 1100 亿美元的订单积压的很大一部分。</p>
<p>虽然我们并不知道这些客户具体是谁，但很可能两个已建立的核心客户是谷歌母公司和 Meta 平台，因为它们都与博通合作制造定制芯片，而两个潜在客户是苹果和 TikTok 母公司字节跳动。</p>
<p>由于来自其 “前三大” 客户（现在实际上是 “四大”）和其他潜在客户的强劲业绩，博通表示 2026 财年的 AI 收入将显著改善，超出上个季度的预期。同时，它预计 2024 财年第四季度的 AI 收入将达到惊人的 62 亿美元。</p>
<p>在短短三年内，博通将其 AI 业务从 2023 财年的 38 亿美元收入提升至 2024 财年的 122 亿美元，增长了 220%，并且现在有望在本财年实现惊人的 199 亿美元 AI 收入。</p>
<table>
<thead>
<tr>
<th>指标</th>
<th>2025 财年第一季度</th>
<th>2025 财年第二季度</th>
<th>2025 财年第三季度</th>
<th>2025 财年第四季度（预测）</th>
<th>2025 财年总计（预测）</th>
</tr>
</thead>
<tbody>
<tr>
<td>AI 半导体收入（以十亿美元计）</td>
<td>41</td>
<td>44</td>
<td>52</td>
<td>62</td>
<td>199</td>
</tr>
</tbody>
</table>
<p>数据来源：博通。</p>
<p>博通的第四季度预测意味着在短短两个季度内 AI 收入将惊人地增长 41%。更重要的是，博通的第四季度收入指引为 174 亿美元，这意味着 AI 半导体收入预计将占总收入的 35.6%。就在两个季度前，AI 收入占总收入的 29%。</p>
<h2>通往 2 万亿美元的道路</h2>
<p>在股市中，没有什么比盈利增长更强大。博通的 AI 扩展和对 VMware 的巧妙整合表明，该公司没有减速的迹象。</p>
<p>博通的市值为 1.44 万亿美元，因此需要增长 39% 才能达到 2 万亿美元。该公司在三年内实现 39% 的盈利增长应该没有问题。相反，挑战在于维持其高昂的估值。</p>
<p>该股票的前瞻市盈率为 45.9，甚至比英伟达还要昂贵。这个指标基本上意味着，如果博通的股价保持不变，并且在未来 12 个月内实现分析师共识的盈利预期，它仍将以 45.9 倍的前瞻性盈利交易。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/1913b197835e16e0043ab05e68261da3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/1913b197835e16e0043ab05e68261da3.png"/></p>
<p>TSLA 前瞻市盈率数据来源于 YCharts</p>
<p>博通之所以昂贵，是因为在过去五年中股价上涨超过 800%，但其盈利增长并没有那么快。相反，博通的估值是基于其 AI 芯片在数据中心中的作用，以及美国各地大型数据中心的多年度建设。</p>
<h2>博通仍然值得购买</h2>
<p>在许多方面，博通的股价已经反映了完美的预期，而在预期极高时购买股票，即使公司交出不错的业绩，也可能适得其反。然而，管理层在财报电话会议上的评论表明，博通的人工智能业务可能会随着其现有关键客户的扩展和更多潜在客户的转化而变得更大。</p>
<p>博通在数据中心、云计算、电信、企业软件、自动化、机器人技术、消费电子、网络、存储、网络安全等多个领域的多元化商业模式，使其在盈利质量方面可以说是美国最佳公司之一。博通并不是像英伟达那样的纯粹人工智能股票。它与微软类似，因为它接触多个终端市场，但其增长速度快于微软。</p>
<p>总的来说，博通是现在值得购买的最佳大型成长股之一，但仅适合那些重视基础业务质量并不介意支付高价的投资者。如果博通的人工智能增长放缓，股价可能会下跌，因此只有在你具有高风险承受能力和长期投资时间框架的情况下，才值得接触博通。</p>

博通

<p>博通（AVGO）公布了强劲的 2025 财年第三季度业绩，盘后交易中股价上涨超过 4%，有望达到历史新高。该公司正朝着在 2028 年前市值超过 2 万亿美元，加入 “十巨头” 成长股的目标迈进。博通的人工智能收入预计将显著增长，2024 财年第四季度的人工智能收入预计为 62 亿美元，预计 2025 财年的总收入将达到 199 亿美元。该公司的市值目前为 1.44 万亿美元，需要增加 39% 才能达到 2 万亿美元的目标</p>

<p><strong>Broadcom</strong>(AVGO 9.18%) delivered excellent third-quarter fiscal 2025 results this past Thursday, with the stock soaring over 4% in after-hours trading. If the gain holds, Broadcom will have reached a new all-time high and be up over 35% year to date.</p>
<div class="lb-trans"><p><strong>博通</strong>（AVGO 9.18%）在上周四发布了出色的 2025 财年第三季度业绩，股价在盘后交易中上涨超过 4%。如果这一涨幅持续，博通将达到新的历史高点，并且年初至今上涨超过 35%。</p>
</div><p>However, it's best not to focus on knee-jerk reactions to earnings prints, but rather, how the earnings factor into the overall investment thesis. The company's results build upon a highly compelling growth story that could pole-vault Broadcom to become the seventh &#34;Ten Titans&#34; growth stock to surpass $2 trillion in market capitalization.</p>
<div class="lb-trans"><p>然而，最好不要过于关注对财报的短期反应，而是要关注这些财报如何融入整体投资论点。公司的业绩建立在一个极具吸引力的增长故事之上，这可能使博通成为第七家市值超过 2 万亿美元的 “十巨头” 成长股。</p>
</div><p>The Ten Titans are the 10 largest U.S. growth-focused companies by market value, consisting of:</p>
<div class="lb-trans"><p>“十巨头” 是按市值计算的 10 家最大的美国成长型公司，包括：</p>
</div><ul>
<li><strong>Nvidia</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>英伟达</strong></li>
</ul>
</div><ul>
<li><strong>Microsoft</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>微软</strong></li>
</ul>
</div><ul>
<li><strong>Apple</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>苹果</strong></li>
</ul>
</div><ul>
<li><strong>Alphabet</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>谷歌母公司</strong></li>
</ul>
</div><ul>
<li><strong>Amazon</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>亚马逊</strong></li>
</ul>
</div><ul>
<li><strong>Meta Platforms</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>Meta 平台</strong></li>
</ul>
</div><ul>
<li><strong>Broadcom</strong></li>
<li><strong>Tesla</strong></li>
<li><strong>Oracle</strong></li>
<li><strong>Netflix</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>博通</strong></li>
<li><strong>特斯拉</strong></li>
<li><strong>甲骨文</strong></li>
<li><strong>奈飞</strong></li>
</ul>
</div><p>Combined, they make up 38% of the <strong>S&amp;P 500</strong>. Here's why Broadcom remains one of the best artificial intelligence (AI) growth stocks for long-term investors to buy now.</p>
<div class="lb-trans"><p>这些公司合计占 <strong>标准普尔 500 指数</strong> 的 38%。以下是博通为何仍然是长期投资者现在可以购买的最佳人工智能（AI）成长股之一的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxMDcvYWJzdHJhY3QtaW1hZ2UtZmVhdHVyaW5nLWxpbmVzLW9mLWNvZGUtb24tYS1jb2xvcmZ1bC1jaXJjdWl0LWJvYXJkLWlsbHVzdHJhdGluZy10aGUtZ3Jvd2luZy1yb2xlLW9mLWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLWFpLWluLXRoZS1kaWdpdGFsLXRyYW5zZm9ybWF0aW9uLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832107%2Fabstract-image-featuring-lines-of-code-on-a-colorful-circuit-board-illustrating-the-growing-role-of-artificial-intelligence-ai-in-the-digital-transformation.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Broadcom's AI results continue to impress</h2>
<div class="lb-trans"><h2>博通的 AI 业绩持续令人印象深刻</h2>
</div><p>Just as Nvidia's target market shifted from gaming and professional visualization to data centers, Broadcom has transformed from a semiconductor business to a hybrid semiconductor and infrastructure software company with a growing focus on AI.</p>
<div class="lb-trans"><p>正如英伟达的目标市场从游戏和专业可视化转向数据中心，博通也从一家半导体公司转型为一家混合半导体和基础设施软件公司，越来越关注 AI。</p>
</div><p>Broadcom completed its acquisition of VMware less than two years ago in November 2023. The timing couldn't have been better, as AI adoption and capital expenditures were ramping up across the tech sector. VMware catapulted Broadcom into a major player in virtualization and cloud management tools. In Broadcom's latest quarter, infrastructure software made up 43% of total revenue, and a big reason for that is VMware.</p>
<div class="lb-trans"><p>博通在 2023 年 11 月完成了对 VMware 的收购。时机恰到好处，因为 AI 的采用和资本支出在整个科技行业中正在上升。VMware 使博通成为虚拟化和云管理工具的主要参与者。在博通最新的季度中，基础设施软件占总收入的 43%，这很大程度上归功于 VMware。</p>
</div><p>Outside of software, Broadcom delivered $9.17 billion in semiconductor solutions revenue, $5.2 billion of which is from AI. Broadcom's main AI product is its custom AI accelerators, called XPUs, which are an advanced application-specific integrated circuit (ASIC) for hyperscale cloud computing customers.</p>
<div class="lb-trans"><p>在软件之外，博通的半导体解决方案收入为 91.7 亿美元，其中 52 亿美元来自 AI。博通的主要 AI 产品是其定制的 AI 加速器，称为 XPUs，这是一种针对超大规模云计算客户的先进应用特定集成电路（ASIC）。</p>
</div><p>On the earnings call, Broadcom said that XPUs made up 65% of AI revenue in the quarter. The other 35% likely comes from a combination of Tomahawk Ethernet switches that connect XPUs within a server rack and Jericho routers that connect XPUs across racks, clusters, and data centers. Broadcom's latest Jericho4 Ethernet fabric router can even connect upwards of 1 million XPUs across multiple data centers -- illustrating how Broadcom is a leader in both chip design and network connectivity.</p>
<div class="lb-trans"><p>在财报电话会议上，博通表示 XPUs 占该季度 AI 收入的 65%。其余 35% 可能来自于连接 XPUs 的 Tomahawk 以太网交换机和连接 XPUs 跨机架、集群和数据中心的 Jericho 路由器。博通最新的 Jericho4 以太网交换机甚至可以连接超过 100 万个 XPUs，展示了博通在芯片设计和网络连接方面的领导地位。</p>
</div><h2>A handful of hyperscalers are driving demand for Broadcom's XPUs</h2>
<div class="lb-trans"><h2>一些超大规模客户正在推动对博通 XPUs 的需求</h2>
</div><p>On the earnings call, Broadcom said that it continues to grow its business from its three core customers, which have been using Broadcom to design their own chips for AI applications. Broadcom also said that it converted one of its two top prospects into a qualified customer, and that customer has ordered $10 billion in AI racks, making up a big part of Broadcom's $110 billion backlog.</p>
<div class="lb-trans"><p>在财报电话会议上，博通表示它继续从三个核心客户中增长业务，这些客户一直在使用博通设计自己的 AI 应用芯片。博通还表示，它将两个主要潜在客户中的一个转变为合格客户，该客户已订购了价值 100 亿美元的 AI 机架，这占博通 1100 亿美元的订单积压的很大一部分。</p>
</div><p>While we don't know exactly who these customers are, it's highly likely that two of the established core customers are Alphabet and Meta Platforms, given they both make custom chips with Broadcom, and that the two prospects are Apple and TikTok parent company ByteDance.</p>
<div class="lb-trans"><p>虽然我们并不知道这些客户具体是谁，但很可能两个已建立的核心客户是谷歌母公司和 Meta 平台，因为它们都与博通合作制造定制芯片，而两个潜在客户是苹果和 TikTok 母公司字节跳动。</p>
</div><p>Due to the strong results from its &#34;Big 3,&#34; now really a &#34;Big 4,&#34; and other prospects in the pipeline, Broadcom said that fiscal 2026 AI revenue will improve significantly from what it indicated last quarter. And in the meantime, it's guiding for a whopping $6.2 billion in Q4 fiscal 2024 AI revenue.</p>
<div class="lb-trans"><p>由于来自其 “前三大” 客户（现在实际上是 “四大”）和其他潜在客户的强劲业绩，博通表示 2026 财年的 AI 收入将显著改善，超出上个季度的预期。同时，它预计 2024 财年第四季度的 AI 收入将达到惊人的 62 亿美元。</p>
</div><p>In the span of just three years, Broadcom has taken its AI business from $3.8 billion in fiscal 2023 revenue, increased it by 220% in fiscal 2024 to $12.2 billion, and is now on track to deliver a staggering $19.9 billion in AI revenue this fiscal year.</p>
<div class="lb-trans"><p>在短短三年内，博通将其 AI 业务从 2023 财年的 38 亿美元收入提升至 2024 财年的 122 亿美元，增长了 220%，并且现在有望在本财年实现惊人的 199 亿美元 AI 收入。</p>
</div><table>
<thead>
<tr>
<th>Metric</th>
<th>Q1 Fiscal 2025</th>
<th>Q2 Fiscal 2025</th>
<th>Q3 Fiscal 2025</th>
<th>Q4 Fiscal 2025 (Projected)</th>
<th>Fiscal 2025 Total (Projected)</th>
</tr>
</thead>
<tbody>
<tr>
<td>AI semiconductor revenue (in billions)</td>
<td>$4.1</td>
<td>$4.4</td>
<td>$5.2</td>
<td>$6.2</td>
<td>$19.9</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>指标</th>
<th>2025 财年第一季度</th>
<th>2025 财年第二季度</th>
<th>2025 财年第三季度</th>
<th>2025 财年第四季度（预测）</th>
<th>2025 财年总计（预测）</th>
</tr>
</thead>
<tbody>
<tr>
<td>AI 半导体收入（以十亿美元计）</td>
<td>41</td>
<td>44</td>
<td>52</td>
<td>62</td>
<td>199</td>
</tr>
</tbody>
</table>
</div><p>Data source: Broadcom.</p>
<div class="lb-trans"><p>数据来源：博通。</p>
</div><p>Broadcom's Q4 forecast implies a staggering 41% increase in AI revenue in just two quarters. What's more, Broadcom's Q4 revenue guidance of $17.4 billion means that AI semiconductor revenue alone is now projected to comprise 35.6% of total revenue. Just two quarters ago, AI revenue was 29% of total revenue.</p>
<div class="lb-trans"><p>博通的第四季度预测意味着在短短两个季度内 AI 收入将惊人地增长 41%。更重要的是，博通的第四季度收入指引为 174 亿美元，这意味着 AI 半导体收入预计将占总收入的 35.6%。就在两个季度前，AI 收入占总收入的 29%。</p>
</div><h2>The path to $2 trillion</h2>
<div class="lb-trans"><h2>通往 2 万亿美元的道路</h2>
</div><p>There is nothing more powerful in the stock market than earnings growth. Broadcom's AI expansion and masterful integration of VMware suggest the company is showing no signs of slowing down.</p>
<div class="lb-trans"><p>在股市中，没有什么比盈利增长更强大。博通的 AI 扩展和对 VMware 的巧妙整合表明，该公司没有减速的迹象。</p>
</div><p>Broadcom's market cap sits at $1.44 trillion, so it needs to gain 39% to get to $2 trillion. The company should have no problem growing earnings by 39% in three years. Rather, the challenge will be maintaining its lofty valuation.</p>
<div class="lb-trans"><p>博通的市值为 1.44 万亿美元，因此需要增长 39% 才能达到 2 万亿美元。该公司在三年内实现 39% 的盈利增长应该没有问题。相反，挑战在于维持其高昂的估值。</p>
</div><p>The stock sports a forward price-to-earnings ratio of 45.9 -- making it even more expensive than Nvidia. This metric essentially means that if Broadcom's stock price remained unchanged and it achieved analyst consensus earnings estimates over the next 12 months, it would <em>still</em> trade at 45.9 times those forward earnings.</p>
<div class="lb-trans"><p>该股票的前瞻市盈率为 45.9，甚至比英伟达还要昂贵。这个指标基本上意味着，如果博通的股价保持不变，并且在未来 12 个月内实现分析师共识的盈利预期，它仍将以 45.9 倍的前瞻性盈利交易。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/1913b197835e16e0043ab05e68261da3.png" alt="" original-src="https://media.ycharts.com/charts/1913b197835e16e0043ab05e68261da3.png"/></p>
<p>TSLA PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>TSLA 前瞻市盈率数据来源于 YCharts</p>
</div><p>Broadcom is expensive because the stock price is up more than 800% in the last five years, but it still hasn't grown earnings that quickly. Rather, Broadcom is being valued for the role its AI chips are playing in data centers, and the multiyear build-out of larger data centers across the U.S.</p>
<div class="lb-trans"><p>博通之所以昂贵，是因为在过去五年中股价上涨超过 800%，但其盈利增长并没有那么快。相反，博通的估值是基于其 AI 芯片在数据中心中的作用，以及美国各地大型数据中心的多年度建设。</p>
</div><h2>Broadcom is still a buy</h2>
<div class="lb-trans"><h2>博通仍然值得购买</h2>
</div><p>In many ways, Broadcom is priced for perfection, and buying a stock when expectations are ultra-high can backfire even if the company delivers decent results. However, management's commentary on the earnings call suggests that Broadcom's AI business could get much bigger as it builds upon its existing key accounts and converts more prospects into big-time customers.</p>
<div class="lb-trans"><p>在许多方面，博通的股价已经反映了完美的预期，而在预期极高时购买股票，即使公司交出不错的业绩，也可能适得其反。然而，管理层在财报电话会议上的评论表明，博通的人工智能业务可能会随着其现有关键客户的扩展和更多潜在客户的转化而变得更大。</p>
</div><p>Broadcom's diversified business model across data centers, cloud computing, telecom, enterprise software, automation, robotics, consumer electronics, networking, storage, cybersecurity, and more makes it arguably one of the best U.S. companies from an earnings quality standpoint. Broadcom is less of a pure-play AI stock than Nvidia. It's similar to Microsoft in that it has exposure to several end markets, but it is growing faster than Microsoft.</p>
<div class="lb-trans"><p>博通在数据中心、云计算、电信、企业软件、自动化、机器人技术、消费电子、网络、存储、网络安全等多个领域的多元化商业模式，使其在盈利质量方面可以说是美国最佳公司之一。博通并不是像英伟达那样的纯粹人工智能股票。它与微软类似，因为它接触多个终端市场，但其增长速度快于微软。</p>
</div><p>All told, Broadcom is one of the best megacap growth stocks to buy now, but only for investors who value the quality of the underlying business and don't mind paying an expensive price. If Broadcom's AI growth slows, the stock will likely sell off, so Broadcom is only worth approaching if you have a high risk tolerance and a long-term investment time horizon.</p>
<div class="lb-trans"><p>总的来说，博通是现在值得购买的最佳大型成长股之一，但仅适合那些重视基础业务质量并不介意支付高价的投资者。如果博通的人工智能增长放缓，股价可能会下跌，因此只有在你具有高风险承受能力和长期投资时间框架的情况下，才值得接触博通。</p>
</div>

Prediction: Broadcom Will Join Nvidia and 5 Other "Ten Titans" Growth Stocks in the $2 Trillion Club by 2028

- Broadcom 第三季度财报表现优异，股价在盘后交易中上涨超过 4%。
- AI 收入预计在 2024 财年达到 62 亿美元，2025 财年将增至 199 亿美元。
- 公司市值为 1.44 万亿美元，需增长 39% 才能达到 2 万亿美元。

预测：博通将在 2028 年与英伟达及其他五个 “十巨头” 成长股一起加入 2 万亿美元俱乐部