<p><strong>博通</strong>（AVGO +3.24%）近年来表现火爆，但这些收益却受到波动的困扰。自 2023 年初以来，这家芯片制造商的股价上涨了 649%，但至少有九次下跌超过 10%。此外，在 2025 年初，股价暴跌 41%，因此持有该股需要长期关注。</p>
<p>这种波动性很大程度上源于对 人工智能（AI） 未来采用的的不确定性。然而，经验丰富的投资者会意识到，尽管 AI 为博通提供了一个日益增长的机会，但其传统业务仍有增长空间。</p>
<p>事实上，<strong>苹果</strong>（AAPL +0.90%）首席执行官蒂姆·库克刚刚发布了一项公告，强调了这一点，并且应该引起博通股东的高度关注。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2Nkbi5jb250ZW50LmZvb2xjZG4uY29tL2ltYWdlcy8xdW1uOXFlaC9wcm9kdWN0aW9uL2VhYWIyMWMzNzk3OWJjOWFjZjIxNmQzNzJlOTU1NTUyYzhlY2VhZmQtMTIwMHg4MDAucG5nP3c9MTIwMCZoPTgwMCZxPTc1JmF1dG89Zm9ybWF0Jnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="800" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2Nkbi5jb250ZW50LmZvb2xjZG4uY29tL2ltYWdlcy8xdW1uOXFlaC9wcm9kdWN0aW9uL2VhYWIyMWMzNzk3OWJjOWFjZjIxNmQzNzJlOTU1NTUyYzhlY2VhZmQtMTIwMHg4MDAucG5nP3c9MTIwMCZoPTgwMCZxPTc1JmF1dG89Zm9ybWF0Jnc9Mzg0MA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>苹果的重大承诺</h2>
<p>在本周发布的一份新闻稿中，苹果宣布与博通达成一项新的多年协议。根据协议，博通将帮助这家 iPhone 制造商 “设计和生产定制的硅组件和尖端无线连接技术，适用于广泛的苹果产品。” 这项价值 300 亿美元的交易预计将导致在美国生产超过 150 亿个芯片，并将包括对博通在科罗拉多州福特柯林斯的设施进行 15 亿美元的扩建和现代化。</p>
<p>相关组件支持 iPhone 用于 5G 数据和语音传输、Wi-Fi、GPS 导航、蓝牙等的无线信号。</p>
<p>在向 证券交易委员会（SEC） 的备案中，博通透露将帮助 iPhone 制造商 “开发和供应一系列定制的 ASIC（应用特定集成电路）硅产品，用于多个世代的苹果产品”，直到 2031 年。</p>
<p>这表明，AI 并不是博通未来几年唯一的增长机会。</p>
<h2>未来展望</h2>
<p>尽管对 AI 未来的担忧持续存在，博通的财务业绩仍然令人印象深刻。在其 2026 财年第二季度（截至 5 月 3 日），公司创下了 222 亿美元的_创纪录_收入，同比增长 48%，推动调整后的每股收益（EPS）达到 2.44 美元，增长 54%。值得注意的是，AI 相关芯片的收入占博通总收入的_不到一半_。</p>
<p>扩展</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FWR08ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="博通股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FWR08ucG5nJnc9MTI4"/></p>
<h2>NASDAQ: AVGO</h2>
<p>博通</p>
<p>今日变动</p>
<p>（3.24%）$12.59</p>
<p>当前价格</p>
<p>$401.28</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$1.8T 市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。</p>
<p>日内区间</p>
<p>$387.95 - $407.51</p>
<p>52 周区间</p>
<p>$269.58 - $495.00</p>
<p>成交量</p>
<p>1.1M</p>
<p>平均成交量</p>
<p>26.5M</p>
<p>毛利率</p>
<p>65.66%</p>
<p>股息收益率</p>
<p>0.65%</p>
<p>管理层相信公司的增长将继续加速。对于第三季度，博通预计收入为 294 亿美元，这将代表近 84% 的增长，推动调整后的 EBITDA 达到 200 亿美元，增长 100%。</p>
<p>博通继续迎合首席执行官霍克·谭所称的对公司定制 AI 芯片（称为 XPUs）“无法满足的” 需求。它与 <strong>Alphabet</strong> 和 Anthropic 签署了重大芯片交易，并与 Meta Platforms扩大了关系。这些交易的收入将在 2027 年底或 2028 年初才会反映在博通的财务业绩中，但综合来看，影响将是显著的。</p>
<p>需要明确的是，AI 的需求占据了博通业务的很大一部分，但其传统无线业务本周成为焦点，因为苹果在未来五年内的 300 亿美元承诺帮助说明了 AI 扭曲领域之外存在的机会。</p>
<p>总体而言，华尔街预计博通在 2026 年将产生 1060 亿美元的收入，2027 年为 1720 亿美元，2028 年为 2290 亿美元，收入在两年内翻倍。然而，有些人认为这些估计甚至是保守的。</p>
<p>尽管机会多样化，博通的股票目前的交易价格不到明年预期收益的 21 倍。此外，当使用 市盈率增长比率（PEG） 进行估值时——这对于高增长股票的估值更为有效——其倍数为 0.54，任何低于 1 的数字都表明该股票被低估。</p>
<p>综合来看，证据表明博通的前景广阔，股票值得购买。</p>

博通

苹果

苹果每日 2 倍做多 ETF - Direxion

<p>苹果宣布与博通达成一项价值 300 亿美元的多年协议，旨在设计和生产定制硅芯片及无线连接技术，覆盖其产品至 2031 年。该协议包括在美国制造超过 150 亿个芯片，以及在科罗拉多州进行 15 亿美元的设施扩建。这一消息突显了博通强大的传统业务与其人工智能增长并存，尽管近期股票波动，仍支持了投资者的积极情绪</p>

<p><strong>Broadcom</strong>( AVGO +3.24%) has been on fire in recent years, but those gains have been plagued by volatility. The chipmaker has gained 649% since the start of 2023, but has fallen by 10% or more at least nine times. Moreover, in early 2025, the stock crashed 41%, so ownership requires a long-term focus.</p>
<div class="lb-trans"><p><strong>博通</strong>（AVGO +3.24%）近年来表现火爆，但这些收益却受到波动的困扰。自 2023 年初以来，这家芯片制造商的股价上涨了 649%，但至少有九次下跌超过 10%。此外，在 2025 年初，股价暴跌 41%，因此持有该股需要长期关注。</p>
</div><p>Much of the volatility stems from uncertainty about the future adoption of artificial intelligence (AI). Yet seasoned investors will recognize that while AI represents a growing opportunity for Broadcom, its legacy business still has room to run.</p>
<div class="lb-trans"><p>这种波动性很大程度上源于对 人工智能（AI） 未来采用的的不确定性。然而，经验丰富的投资者会意识到，尽管 AI 为博通提供了一个日益增长的机会，但其传统业务仍有增长空间。</p>
</div><p>Indeed, <strong>Apple</strong>( AAPL +0.90%) CEO Tim Cook just made an announcement that underscores this point and should be of keen interest to Broadcom shareholders.</p>
<div class="lb-trans"><p>事实上，<strong>苹果</strong>（AAPL +0.90%）首席执行官蒂姆·库克刚刚发布了一项公告，强调了这一点，并且应该引起博通股东的高度关注。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2Nkbi5jb250ZW50LmZvb2xjZG4uY29tL2ltYWdlcy8xdW1uOXFlaC9wcm9kdWN0aW9uL2VhYWIyMWMzNzk3OWJjOWFjZjIxNmQzNzJlOTU1NTUyYzhlY2VhZmQtMTIwMHg4MDAucG5nP3c9MTIwMCZoPTgwMCZxPTc1JmF1dG89Zm9ybWF0Jnc9Mzg0MA" alt="The Apple logo superimposed over a hand holding an iPhone, beside the Broadcom logo, over a picture of the lobby at the company's headquarters." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fcdn.content.foolcdn.com%2Fimages%2F1umn9qeh%2Fproduction%2Feaab21c37979bc9acf216d372e955552c8eceafd-1200x800.png%3Fw%3D1200%26h%3D800%26q%3D75%26auto%3Dformat&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>Apple's significant commitment</h2>
<div class="lb-trans"><h2>苹果的重大承诺</h2>
</div><p>In a press release that dropped this week, Apple announced a new multiyear deal with Broadcom. As part of the agreement, Broadcom will help the iPhone maker &#34;design and produce custom silicon components and cutting-edge wireless connectivity technologies for a wide range of Apple products.&#34; The $30 billion deal is expected to result in more than 15 billion chips made in the U.S. and will include a $1.5 billion expansion and modernization in Broadcom's facility in Fort Collins, Colorado.</p>
<div class="lb-trans"><p>在本周发布的一份新闻稿中，苹果宣布与博通达成一项新的多年协议。根据协议，博通将帮助这家 iPhone 制造商 “设计和生产定制的硅组件和尖端无线连接技术，适用于广泛的苹果产品。” 这项价值 300 亿美元的交易预计将导致在美国生产超过 150 亿个芯片，并将包括对博通在科罗拉多州福特柯林斯的设施进行 15 亿美元的扩建和现代化。</p>
</div><p>The components in question support radio signals used by iPhones for 5G data and voice transmission, Wi-Fi, GPS navigation, Bluetooth, and more.</p>
<div class="lb-trans"><p>相关组件支持 iPhone 用于 5G 数据和语音传输、Wi-Fi、GPS 导航、蓝牙等的无线信号。</p>
</div><p>In a filing with the Securities and Exchange Commission (SEC), Broadcom revealed it will help the iPhone maker &#34;develop and supply a range of custom ASIC [application-specific integrated circuits] silicon products for use in multiple generations of Apple products&#34; through 2031.</p>
<div class="lb-trans"><p>在向 证券交易委员会（SEC） 的备案中，博通透露将帮助 iPhone 制造商 “开发和供应一系列定制的 ASIC（应用特定集成电路）硅产品，用于多个世代的苹果产品”，直到 2031 年。</p>
</div><p>This shows that AI isn't Broadcom's only opportunity for growth in the coming years.</p>
<div class="lb-trans"><p>这表明，AI 并不是博通未来几年唯一的增长机会。</p>
</div><h2>What the future holds</h2>
<div class="lb-trans"><h2>未来展望</h2>
</div><p>Broadcom's financial results have been impressive, despite ongoing concerns about the future of AI. In its fiscal 2026 second quarter (ended May 3), the company generated <em>record</em> revenue of $22.2 billion, up 48% year over year, driving adjusted earnings per share (EPS) of $2.44, a 54% increase. It's worth noting that AI-related chip revenue accounted for <em>less than half</em> of Broadcom's total revenue.</p>
<div class="lb-trans"><p>尽管对 AI 未来的担忧持续存在，博通的财务业绩仍然令人印象深刻。在其 2026 财年第二季度（截至 5 月 3 日），公司创下了 222 亿美元的_创纪录_收入，同比增长 48%，推动调整后的每股收益（EPS）达到 2.44 美元，增长 54%。值得注意的是，AI 相关芯片的收入占博通总收入的_不到一半_。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>扩展</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FWR08ucG5nJnc9MTI4" alt="Broadcom Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FAVGO.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: AVGO</h2>
<div class="lb-trans"><h2>NASDAQ: AVGO</h2>
</div><p>Broadcom</p>
<div class="lb-trans"><p>博通</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(3.24%) $12.59</p>
<div class="lb-trans"><p>（3.24%）$12.59</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$401.28</p>
<div class="lb-trans"><p>$401.28</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$1.8TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$1.8T 市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$387.95 - $407.51</p>
<div class="lb-trans"><p>$387.95 - $407.51</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$269.58 - $495.00</p>
<div class="lb-trans"><p>$269.58 - $495.00</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>1.1M</p>
<div class="lb-trans"><p>1.1M</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>26.5M</p>
<div class="lb-trans"><p>26.5M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>65.66%</p>
<div class="lb-trans"><p>65.66%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.65%</p>
<div class="lb-trans"><p>0.65%</p>
</div><p>Management believes the company's growth will continue to accelerate. For the third quarter, Broadcom is guiding for revenue of $29.4 billion, which would represent an increase of nearly 84%, fueling adjusted EBITDA of $20 billion, up 100%.</p>
<div class="lb-trans"><p>管理层相信公司的增长将继续加速。对于第三季度，博通预计收入为 294 亿美元，这将代表近 84% 的增长，推动调整后的 EBITDA 达到 200 亿美元，增长 100%。</p>
</div><p>Broadcom continues to lean into what CEO Hock Tan calls the &#34;insatiable&#34; demand for the company's custom AI chips -- dubbed XPUs. It has signed major chip deals with <strong>Alphabet</strong> and Anthropic, and expanded its relationship with Meta Platforms. The revenue from these deals won't be reflected in Broadcom's financial results until late 2027 or early 2028 -- but taken together, the impact will be significant.</p>
<div class="lb-trans"><p>博通继续迎合首席执行官霍克·谭所称的对公司定制 AI 芯片（称为 XPUs）“无法满足的” 需求。它与 <strong>Alphabet</strong> 和 Anthropic 签署了重大芯片交易，并与 Meta Platforms扩大了关系。这些交易的收入将在 2027 年底或 2028 年初才会反映在博通的财务业绩中，但综合来看，影响将是显著的。</p>
</div><p>To be clear, demand for AI makes up a large chunk of Broadcom's business, but its legacy wireless business took center stage this week, as Apple's $30 billion commitment over the next five years helps illustrate the opportunities that exist outside the AI distortion field.</p>
<div class="lb-trans"><p>需要明确的是，AI 的需求占据了博通业务的很大一部分，但其传统无线业务本周成为焦点，因为苹果在未来五年内的 300 亿美元承诺帮助说明了 AI 扭曲领域之外存在的机会。</p>
</div><p>Overall, Wall Street estimates that Broadcom will generate revenue of $106 billion in 2026, and $172 billion in 2027, and $229 billion in 2028, more than doubling its revenue over two years. Yet some believe even those estimates are conservative.</p>
<div class="lb-trans"><p>总体而言，华尔街预计博通在 2026 年将产生 1060 亿美元的收入，2027 年为 1720 亿美元，2028 年为 2290 亿美元，收入在两年内翻倍。然而，有些人认为这些估计甚至是保守的。</p>
</div><p>Despite the multipronged opportunity, Broadcom stock is selling for less than 21 times next year's expected earnings. Furthermore, when measuring its valuation using the price/earnings-to-growth (PEG) ratio -- which is more effective for valuing high-growth stocks -- it returns a multiple of 0.54, when any number less than 1 indicates an undervalued stock.</p>
<div class="lb-trans"><p>尽管机会多样化，博通的股票目前的交易价格不到明年预期收益的 21 倍。此外，当使用 市盈率增长比率（PEG） 进行估值时——这对于高增长股票的估值更为有效——其倍数为 0.54，任何低于 1 的数字都表明该股票被低估。</p>
</div><p>Taken together, the evidence suggests the runway ahead for Broadcom is long, and the stock is a buy.</p>
<div class="lb-trans"><p>综合来看，证据表明博通的前景广阔，股票值得购买。</p>
</div>

Broadcom Stock Investors Just Got Incredible News from Apple CEO Tim Cook

- Broadcom 与苹果签订 300 亿美元协议，生产定制芯片。  
- 2026 财年第二季度收入达 222 亿美元，同比增长 48%。  
- 股票估值低，市盈率仅为 21 倍，显示长期增长潜力。

Motley Fool

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博通的股票投资者刚刚从苹果 CEO 蒂姆·库克那里获得了极好的消息