AVGO估值便宜，利润率强劲，且有望很快实现零负债，但未来增长依赖于Anthropic能否持续购买芯片。
逐段跳播
像 Broadcom 这样的公司的预测表明，需求将翻倍，然后再翻倍。
there are estimates from companies like Broadcom that predict demand will double, and then double again.
也许这就是为什么市场对像 Broadcom 这样的公司的股票给予折价。Broadcom 刚刚公布了收益，人们对这种增长的可持续性存在一些担忧。
Perhaps this is why the market valuesshares of a company like Broadcom at a discount . Broadcom has just announced its earnings, and there are some concerns about the sustainability of this growth.
Broadcom 的股票目前交易价格是股价对利率的 0.9%。它非常便宜。他们用现金流偿还债务。如果这家公司在未来六个月内变得无债务，我不会感到惊讶，因为它只是以 55% 的净利润率赚取巨额利润。
尽管上个季度略低，但其中一些利润率可能会受到 Anthropic、Google 和 Meta 等公司中央处理器（XPU）销售增加的负面影响。诚然，利润率受到轻微影响，但它们仍然出色。
Broadcom shares are currently trading at a 0.9% stock price-to- interest rate. It's very cheap. They pay off their debts from their cash flow. I wouldn't be surprised if this company became debt-free within the next six months, because it simply makes huge profits with net profit margins of 55%. Although the last quarter was slightly lower , some of these margins may be negatively affected by increased sales of central processing units (XPUs ) for companies such as Anthropic, Google, and Meta. It is true that profit margins are slightly affected, but they are still excellent.
但如果 Broadcom 的增长数据是准确的，我们很可能会看到硬件板块的繁荣。
but if Broadcom's growth figures are accurate, we are likely to see a boom in the hardware sector.
这笔钱不会进入 Nvidia 或 Broadcom 的股票，对吧？
This money won't go into Nvidia or Broadcom stock, will it?
Broadcom 约占 3%，Salesforce 占 6.9%。这太疯狂了！
Broadcom accounts for about 3%, and Salesforce for 6.9% . This is madness!
对于像 AMD、Broadcom 这样的公司，在指数层面，10% 本身看起来并不是一个很大的百分比，但他并不是指每只个股。
For companies like AMD, Broadcom, or others, right? At the index level, 10%, as you know, 10% in itself does not seem like a large percentage, but he does not mean each individual stock.
但请记住我们从 Broadcom 看到的情况，我希望你记住 Broadcom 的客户是谁。Broadcom 向 Google、Meta 和 Anthropic 销售产品。我们知道 Google 和 Meta 赚取了巨额资金。
关于 Anthropic 出现的问题引起了人们如此多的担忧。这就像在说：如果 Anthropic 不能继续购买这些芯片怎么办？这是一个非常合理的问题，使得 Anthropic 的首次公开募股对资本支出的未来至关重要。
因此，随着 Broadcom 预计业务规模翻倍，然后再翻倍，如果……会发生什么？我们是否会看到 Anthropic 表现良好，保持其利润，并变得更像一家软件公司？好吧，我们拭目以待。在我们获得 S1 报告之前，这将引起一些担忧。
but remember what we saw from Broadcom, and I want you to remember who Broadcom sells to. Broadcom sells to Google, Meta, and Anthropic. We know that Google and Meta make huge amounts of money. Huge sums of money. Huge sums of money. Huge sums of money. Huge sums of money. The question that arises regarding anthropic is what raises so many concerns among people. It's like saying: What if Anthropic can't continue buying these chips? This is a very valid question , making Anthropic's initial public offering vital for the future of capital expenditure. So, with Broadcom expecting to double its business size, and then double again, it could indeed continue to grow if...what happens? Will we see Anthropic perform well, maintain its profits, and become more like a software company? Okay, we'll see. This is what will cause some concern until we get the S1 report.
他说在等什么
这个频道对 $AVGO 的历次判断
Meet Kevin 在这只股票上共 6 条判断，这里只列相邻的几条。