<h2>关键要点</h2>
<ul>
<li>博通的股票在过去 12 个月中上涨了近 70%。</li>
<li>美满科技预计其 2027 财年将增长 30%。</li>
<li>到 2030 年，人工智能芯片市场可能超过 4000 亿美元。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p>定制人工智能（AI）芯片是一项利润丰厚的业务；只需问问 <strong>博通</strong>（NASDAQ: AVGO）和 <strong>美满科技</strong>（NASDAQ: MRVL）。作为行业的主要竞争者，他们凭借惊人的收益继续给人留下深刻印象。博通和美满科技都设计特定应用的芯片，这些芯片在新的 AI 工作负载时代中越来越受到青睐，优于通用图形处理单元（GPU）。</p>
<p>随着两家公司销售的持续激增，投资者面临的问题是，哪只股票在未来提供更大的上涨空间？</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MTM3Mi9haS1jb21wdXRlci1jaGlwLmpwZyZ3PTcwMA?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-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MTM3Mi9haS1jb21wdXRlci1jaGlwLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>博通，蓝筹巨头</h2>
<p>博通无疑是定制 AI 加速器的市场领导者。在这一领域，它的市场份额超过 70%。其客户包括全球最大的超大规模云服务商，如 <strong>Alphabet</strong>、<strong>Meta Platforms</strong>、OpenAI、Anthropic 等。</p>
<p>博通在过去一年中发布的数字简直令人震惊，2026 年似乎也不会例外。在 2026 年第一季度，博通的收入超过 190 亿美元，比去年同期增长了 29%。最令人印象深刻的是，AI 半导体收入在第一季度增长了惊人的 106%。</p>
<p>博通的第二季度指引同样令人震惊，作为半导体巨头，博通宣布预计收入为 220 亿美元。这将比 2025 年增长 47%。</p>
<p>自 2026 年初以来，股票实际上下跌了超过 7%。这一近期的下跌使博通的估值变得更具吸引力，因为其前瞻市盈率（P/E）现在低于 30。该公司还支付每股 0.65 美元的季度股息。</p>
<p>博通的巨大增长不太可能永远持续，但目前似乎还没有结束的迹象。公司的财务状况和前景依然强劲，其竞争壁垒令人羡慕。</p>
<h2>美满科技看起来很出色</h2>
<p>不要忽视美满科技。该公司规模较小，但增长迅速且猛烈。其股票的定价也比博通更具吸引力。美满科技在 2026 财年实现了创纪录的收入，报告接近 82 亿美元，比去年增长 42%。每股收益也增长了惊人的 81%。</p>
<p>美满科技有着宏大的抱负。公司的首席执行官兼董事长 Matt Murphy 表示，预计在 2027 财年的每个季度，收入将实现同比增长加速。总体而言，美满科技预计增长约 30%。数据中心的需求和近期的收购将使公司的收入快速增长。</p>
<p>美满科技最大的客户是 <strong>亚马逊</strong>（NASDAQ: AMZN）的云计算部门 Amazon Web Services（AWS）。这对美满科技来说存在一定的集中风险，公司需要在未来多样化其客户基础。</p>
<p>随着美满科技的增长，它有机会在市场中占据更大份额。根据 Murphy 的说法，公司目标是 20% 的市场份额。</p>
<p>美满科技的股票年初至今上涨了超过 15%。就科技股而言，该公司的估值指标依然引人注目。其市盈率为 28，市盈增长比率（PEG 比率）大约为 1。这意味着即使在最近的上涨中，股票的定价仍然合理。</p>
<h2>哪只股票更好？</h2>
<p>哪只股票更好取决于你作为投资者的身份。与美满科技相比，博通更像是一家蓝筹公司。博通的庞大规模和市场份额将使其在未来几年保持主导地位。</p>
<p>然而，如果美满科技执行其增长计划并扩大市场份额，可能会有更大的上涨空间。美满科技目前的价格也比博通更具吸引力。博通是一项更安全的投资，而美满科技则是一项更大胆的投资。</p>
<p>这两只股票都面临相同类型的风险，并且会受到任何 AI 基础设施支出放缓的重大影响。谷歌的 TurboQuant（减少运行大型语言模型所需内存的压缩方法）可能构成威胁，但在短期内不太可能。</p>
<h2>你现在应该购买博通的股票吗？</h2>
<p>在你购买博通的股票之前，请考虑以下几点：</p>
<p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而博通并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日上榜时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 503,861 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日上榜时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,026,987 美元</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor_的总平均回报率为 884%——相比之下，标准普尔 500 指数的回报率为 179%。** 不要错过最新的前 10 名股票列表，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor</em>。**</p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 的回报截至 2026 年 3 月 30 日。</em></p>
<p><em>Catie Hogan 在提到的任何股票中没有持仓。Motley Fool 持有并推荐 Alphabet、Amazon、美满科技和 Meta Platforms。Motley Fool 推荐博通。Motley Fool 有披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>

费城交易所 半导体 ETF - iShares

半导体 ETF - VanEck Vectors

AVGW

<p>博通和迈威尔科技是定制人工智能芯片市场的关键参与者，博通占据 70% 的市场份额，并报告了 106% 的人工智能半导体收入增长。尽管迈威尔科技规模较小，但其收入增长迅速，增长率为 42%，并计划在 2027 财年实现 30% 的增长。博通的股票被视为更安全的投资，而迈威尔科技则提供了更大的上行潜力。两只股票都面临人工智能支出可能放缓的风险。分析师建议考虑其他股票进行投资，因为博通未被纳入最近的顶级股票名单</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li>Broadcom's stock has risen nearly 70% in the past 12 months.</li>
<li>Marvell anticipates 30% growth in its fiscal 2027 year.</li>
<li>The AI chip market could exceed $400 billion by 2030.</li>
<li>10 stocks we like better than Broadcom ›</li>
</ul>
<div class="lb-trans"><ul>
<li>博通的股票在过去 12 个月中上涨了近 70%。</li>
<li>美满科技预计其 2027 财年将增长 30%。</li>
<li>到 2030 年，人工智能芯片市场可能超过 4000 亿美元。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p>Custom artificial intelligence (AI) chips are a lucrative business; just ask <strong>Broadcom</strong>(NASDAQ: AVGO) and <strong>Marvell Technology</strong>(NASDAQ: MRVL). As two of the industry's major competitors, they continue to impress with their eye-popping earnings. Broadcom and Marvell both design application-specific chips that are increasingly preferred over general graphics processing units (GPUs) in the new era of AI workloads.</p>
<div class="lb-trans"><p>定制人工智能（AI）芯片是一项利润丰厚的业务；只需问问 <strong>博通</strong>（NASDAQ: AVGO）和 <strong>美满科技</strong>（NASDAQ: MRVL）。作为行业的主要竞争者，他们凭借惊人的收益继续给人留下深刻印象。博通和美满科技都设计特定应用的芯片，这些芯片在新的 AI 工作负载时代中越来越受到青睐，优于通用图形处理单元（GPU）。</p>
</div><p>As sales continue to surge for both companies, the question for investors is which stock offers greater upside going forward?</p>
<div class="lb-trans"><p>随着两家公司销售的持续激增，投资者面临的问题是，哪只股票在未来提供更大的上涨空间？</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg2MTM3Mi9haS1jb21wdXRlci1jaGlwLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F861372%2Fai-computer-chip.jpg&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, the blue chip behemoth</h2>
<div class="lb-trans"><h2>博通，蓝筹巨头</h2>
</div><p>Broadcom is undoubtedly the market leader in custom AI accelerators. It commands more than 70% market share in that area alone. Its customers are the world's biggest hyperscalers, including <strong>Alphabet</strong>, <strong>Meta Platforms</strong>, OpenAI, Anthropic, and more.</p>
<div class="lb-trans"><p>博通无疑是定制 AI 加速器的市场领导者。在这一领域，它的市场份额超过 70%。其客户包括全球最大的超大规模云服务商，如 <strong>Alphabet</strong>、<strong>Meta Platforms</strong>、OpenAI、Anthropic 等。</p>
</div><p>The numbers Broadcom has posted over the past year are simply staggering, and 2026 is shaping up to be no different. For the first quarter of 2026, Broadcom's revenue exceeded $19 billion, a 29% increase from the same period last year. Most impressively, AI semiconductor revenue grew a whopping 106% in the first quarter.</p>
<div class="lb-trans"><p>博通在过去一年中发布的数字简直令人震惊，2026 年似乎也不会例外。在 2026 年第一季度，博通的收入超过 190 亿美元，比去年同期增长了 29%。最令人印象深刻的是，AI 半导体收入在第一季度增长了惊人的 106%。</p>
</div><p>Broadcom's second-quarter guidance was just as astonishing, as the semiconductor giant announced revenue expectations of $22 billion. This would be a 47% increase from 2025.</p>
<div class="lb-trans"><p>博通的第二季度指引同样令人震惊，作为半导体巨头，博通宣布预计收入为 220 亿美元。这将比 2025 年增长 47%。</p>
</div><p>The stock is actually down more than 7% since the start of 2026. This recent drop has made Broadcom's valuation more attractive, as its forward price-to-earnings (P/E) ratio is now below 30. The company also pays a quarterly dividend worth $0.65 per share.</p>
<div class="lb-trans"><p>自 2026 年初以来，股票实际上下跌了超过 7%。这一近期的下跌使博通的估值变得更具吸引力，因为其前瞻市盈率（P/E）现在低于 30。该公司还支付每股 0.65 美元的季度股息。</p>
</div><p>It's unlikely that Broadcom's massive growth will last forever, but the end doesn't yet seem to be in sight. The company's financials and outlook remain strong, and its competitive moat is enviable.</p>
<div class="lb-trans"><p>博通的巨大增长不太可能永远持续，但目前似乎还没有结束的迹象。公司的财务状况和前景依然强劲，其竞争壁垒令人羡慕。</p>
</div><h2>Marvell looks marvelous</h2>
<div class="lb-trans"><h2>美满科技看起来很出色</h2>
</div><p>Don't overlook Marvell. The company is smaller but growing fast and furiously. Its stock is also more attractively priced than Broadcom's. Marvell delivered record revenue in fiscal 2026, reporting nearly $8.2 billion, a 42% increase from the previous year. Its earnings per share rose an incredible 81% as well.</p>
<div class="lb-trans"><p>不要忽视美满科技。该公司规模较小，但增长迅速且猛烈。其股票的定价也比博通更具吸引力。美满科技在 2026 财年实现了创纪录的收入，报告接近 82 亿美元，比去年增长 42%。每股收益也增长了惊人的 81%。</p>
</div><p>Marvell has big ambitions. The company's CEO and Chairman, Matt Murphy, said the business expects year-over-year revenue growth to accelerate in each quarter of fiscal year 2027. All told, Marvell anticipates growth of around 30%. Demand from data centers and recent acquisitions should keep the company's revenue growing quickly.</p>
<div class="lb-trans"><p>美满科技有着宏大的抱负。公司的首席执行官兼董事长 Matt Murphy 表示，预计在 2027 财年的每个季度，收入将实现同比增长加速。总体而言，美满科技预计增长约 30%。数据中心的需求和近期的收购将使公司的收入快速增长。</p>
</div><p>Marvell's biggest customer is <strong>Amazon</strong>'s (NASDAQ: AMZN) cloud computing arm, Amazon Web Services (AWS). This poses a somewhat elevated risk of concentration for Marvell, and the company needs to diversify its customer base going forward.</p>
<div class="lb-trans"><p>美满科技最大的客户是 <strong>亚马逊</strong>（NASDAQ: AMZN）的云计算部门 Amazon Web Services（AWS）。这对美满科技来说存在一定的集中风险，公司需要在未来多样化其客户基础。</p>
</div><p>As Marvell grows, it has a real opportunity to capture a bigger piece of the market. The company is targeting 20% market share, according to Murphy.</p>
<div class="lb-trans"><p>随着美满科技的增长，它有机会在市场中占据更大份额。根据 Murphy 的说法，公司目标是 20% 的市场份额。</p>
</div><p>Marvell's stock has risen by more than 15% year to date. As for tech stocks, the company's valuation metrics remain compelling. The trailing P/E ratio is 28, and the company's price/earnings-to-growth (PEG ratio) ratio is right around 1. This means the stock is fairly priced, even with its recent run.</p>
<div class="lb-trans"><p>美满科技的股票年初至今上涨了超过 15%。就科技股而言，该公司的估值指标依然引人注目。其市盈率为 28，市盈增长比率（PEG 比率）大约为 1。这意味着即使在最近的上涨中，股票的定价仍然合理。</p>
</div><h2>Which is the better stock?</h2>
<div class="lb-trans"><h2>哪只股票更好？</h2>
</div><p>The better stock depends on who you are as an investor. Broadcom is going to look more like a blue chip company compared to Marvell. Broadcom's sheer size and market scale will keep it the dominant player for years to come.</p>
<div class="lb-trans"><p>哪只股票更好取决于你作为投资者的身份。与美满科技相比，博通更像是一家蓝筹公司。博通的庞大规模和市场份额将使其在未来几年保持主导地位。</p>
</div><p>Marvell, however, could have substantially more upside if it executes its growth plan and expands its market share. The current price of Marvell is also more appealing than Broadcom's. Broadcom is a much safer investment than Marvell, but Marvell is a bolder one.</p>
<div class="lb-trans"><p>然而，如果美满科技执行其增长计划并扩大市场份额，可能会有更大的上涨空间。美满科技目前的价格也比博通更具吸引力。博通是一项更安全的投资，而美满科技则是一项更大胆的投资。</p>
</div><p>Both stocks are subject to the same types of risk and would be greatly affected by any slowdown in AI infrastructure spending. Google's TurboQuant (a compression method that reduces the amount of memory required to run large language models) could be a threat, but not likely in the near-term.</p>
<div class="lb-trans"><p>这两只股票都面临相同类型的风险，并且会受到任何 AI 基础设施支出放缓的重大影响。谷歌的 TurboQuant（减少运行大型语言模型所需内存的压缩方法）可能构成威胁，但在短期内不太可能。</p>
</div><h2>Should you buy stock in Broadcom right now?</h2>
<div class="lb-trans"><h2>你现在应该购买博通的股票吗？</h2>
</div><p>Before you buy stock in Broadcom, consider this:</p>
<div class="lb-trans"><p>在你购买博通的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Broadcom wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而博通并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $503,861</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,026,987</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日上榜时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 503,861 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日上榜时……如果你在我们推荐时投资了 1000 美元，<strong>你将拥有 1,026,987 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 884% — a market-crushing outperformance compared to 179% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor_的总平均回报率为 884%——相比之下，标准普尔 500 指数的回报率为 179%。** 不要错过最新的前 10 名股票列表，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor</em>。**</p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of March 30, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 3 月 30 日。</em></p>
</div><p><em>Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Marvell Technology, and Meta Platforms. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Catie Hogan 在提到的任何股票中没有持仓。Motley Fool 持有并推荐 Alphabet、Amazon、美满科技和 Meta Platforms。Motley Fool 推荐博通。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>
</div>

Marvell vs. Broadcom: Which Custom Artificial Intelligence (AI) Chip Stock Has More Upside in 2026?

nasdaq

Roundhill AVGO WeeklyPay ETF

纳斯达克半导体 ETF - First Trust

迈威尔科技

2 倍做多 AVGO ETF - Defiance

动态半导体 ETF - Invesco

1 倍做空 AVGO ETF - Direxion

标普半导体 ETF - SPDR

Leverage Shares 2X Long AVGO Daily ETF

GraniteShares 2x Long AVGO Daily ETF

半导体 3 倍做多 - Direxion

2 倍做多 AVGO ETF - Direxion

2 倍做多 MRVL ETF - GraniteShares

Invesco PHLX Semiconductor ETF

博通

Marvell Tech 与博通：哪只定制人工智能（AI）芯片股票在 2026 年有更大的上涨潜力？