On March 5, global technology giants released intensive dynamics, involving performance disclosure, production capacity adjustment, investment layout and other aspects, which had an important impact on related industries. Broadcom released its first-quarter financial report. Adjusted net revenue was 19.31 billion US dollars, slightly exceeding analysts’ expectations of 19.26 billion US dollars. Adjusted earnings per share were 2.05 US dollars, higher than the expected 2.03 US dollars. Semiconductor solutions revenue was 12.52 billion US dollars, with an outstanding performance exceeding expectations.
Broadcom also announced the approval of a new 10 billion US dollar stock repurchase plan and expects second-quarter revenue to be about 22 billion US dollars, significantly higher than analysts’ expectations of 20.53 billion US dollars. Driven by the positive performance, Broadcom fell 3% after hours and then turned higher, and the market’s expectations for its future development improved.
For other technology giants, Elon Musk, CEO of Tesla, said that production of the Model S and Model X will stop in a few months to make way for the Optimus factory, and called on consumers to order before then. This move will further focus on the robot business layout. Jensen Huang, CEO of NVIDIA, said that the opportunity to invest 100 billion US dollars in OpenAI may be lost due to the latter’s upcoming listing, reflecting adjustments in technology giants’ investment strategies.
In the domestic market, Chinese concept stocks performed actively. The Nasdaq China Golden Dragon Index closed up 0.78%, once rising more than 1% intraday. Stocks such as Yikatong Technology and Canaan Creative Technology posted significant gains. Apple announced the launch of the MacBook Neo, further enriching its product matrix, which is expected to drive related demand in the consumer electronics industrial chain. Industry insiders said that the layout adjustments of technology giants will reshape the industry pattern, and relevant industrial chain targets are worthy of long-term attention.
