Broadcom's AI Edge: 'Apples-to-Oranges Comparison' Shows ASICs Outgrowing GPUs, Says Analyst
Broadcom's AI Edge: 'Apples-to-Oranges Comparison' Shows ASICs Outgrowing GPUs, Says Analyst
With fourth quarter results set to be unveiled on Dec. 12, Broadcom Inc. (NASDAQ:AVGO) is projected to deliver a standout performance. Rosenblatt analyst Hans Mosesmann expects a "beat and modest raise" for the quarter, driven by the company's surging AI-related silicon revenue and VMware upside.
隨着第四季度業績定於12月12日公佈,博通CORP(納斯達克:AVGO)預計將交出出色的表現。分析師漢斯·摩西斯曼預計這一季度將出現「超出預期和適度上調」,這得益於公司激增的人工智能相關硅片營業收入和威睿的增長。
Broadcom's AI networking revenue is forecast to hit $3.5 billion this quarter, growing 10% sequentially. "We see revenues being driven by AI-related silicon strength," says Mosesmann.
博通的人工智能網絡營業收入預計本季度將達到35億,環比增長10%。摩西斯曼表示:「我們看到營收受到人工智能相關硅片強勁表現的推動。」
The anticipated fourth quarter revenue of $14.0 billion would reflect a 51% year-over-year increase, solidifying Broadcom's position as an AI powerhouse.
預計第四季度營業收入爲140億,同比增長51%,鞏固了博通作爲人工智能巨頭的地位。
Read Also: Broadcom Enhances Open-Source Ecosystem with Bitnami Premium Release
另請閱讀:博通通過Bitnami高級版本增強開源生態系統
2025 Outlook: AI Leads, But Non-AI Plays Recover
2025展望:人工智能引領,但非人工智能領域復甦
Looking ahead, Mosesmann foresees Broadcom guiding above consensus for the January quarter. With AI-related revenue expected to exceed $12 billion in 2024, the momentum doesn't stop there.
展望未來,摩西斯曼預計博通將在一月季度的指引上超出市場普遍預期。隨着人工智能相關營業收入預計在2024年超過120億,良好的勢頭不會停止。
He predicts, "Non-AI semiconductor revenue should continue its recovery in CY25, while Infrastructure Software is likely to be driven by VMware strength."
他預測:「非人工智能半導體營業收入將在CY25繼續復甦,而製造行業軟件可能會受惠於威睿的強勁表現。」
ASICs Vs. GPUs: A Win For Both
ASIC與GPU:雙贏局面
The competitive landscape between Broadcom's custom ASICs and Nvidia Corp's (NASDAQ:NVDA) GPUs often sparks debate, but Mosesmann calls it "an apples-to-oranges comparison." He adds, "We see AI ASICs outgrowing GPU compute over the next several years," highlighting Broadcom's growth potential in AI acceleration, Gen AI and networking across Cloud and Edge.
博通的定製ASIC與英偉達(納斯達克:NVDA)的GPU之間的競爭格局常常引發爭論,但摩西曼稱這"就像蘋果與橙子之間的比較。" 他補充道:"我們看到AI ASIC在未來幾年將超過GPU計算," 突顯了博通在AI加速、生成AI及雲計算和邊緣網絡方面的增長潛力。
A Strong Setup For 2025
2025年的強勁佈局
Mosesmann reiterates his Buy rating on Broadcom with a $240 price target, backed by "a low-30s P/E multiple on our FY26 Non-GAAP EPS."
摩西曼重申了對博通的買入評級,並給出了240美元的目標價格,支持理由是"基於我們FY26非GAAP每股收益的低30倍市盈率。"
As Broadcom CEO Hock Tan emphasizes that AI compute will thrive on "open" industry connectivity standards, the company looks well-positioned for long-term success.
博通的首席執行官霍克·譚強調,人工智能計算將在"開放的"行業連接標準中蓬勃發展,公司在長期成功方面前景良好。
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譯文內容由第三人軟體翻譯。