What's Going on With Broadcom Stock | AVGO Stock Analysis

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브로드컴 2분기 실적 콜을 분석. 매출 87억 달러로 전년比 8% 증가. AI 관련 매출 비중이 2022년 10%에서 현재 15%, 2024년 25% 이상으로 확대될 전망이라 긍정적. 반면 IT 인프라 수요는 30%대 성장에서 중반 한자릿수로 둔화, 무선 매출은 9% 감소. 네트워킹 매출은 20% 성장하며 AI 인프라 수혜. 3분기 네트워킹 성장 약 20% 유지 전망. 전체적으로 혼조이나 미래 전망은 밝다는 평가.

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01. hey everyone in this video I'm gonna dig into the details from broadcom's latest earnings quarterly conference call to really decipher what's going on with broadcom stock so let's get into this brief video looking at the details from its latest Consolidated net revenue was 8.7 billion this was up eight percent year on year and management acknowledges look I know you all want to hear about how we're benefiting from the strong deployment of generative AI by our customers and management says put it in this perspective our Revenue today from this opportunity represents about 15 percent of our business having said that it was only 10 percent of our business in 2022 and we believe it will be over 25 percent of our business in 2024 so this part of its business is more than doubling in two years and there's a long runway for growth ahead of it so I wouldn't be surprised if this part of its business continues growing for the next decade so a huge opportunity ahead for broadcom in this regard so moving on the company's talking about its I.T infrastructure demand that this segment saw 30 percent growth year on year over the past five quarters but in the second quarter it moderated to a mid teens percentage growth year over year and this isn't surprising because Enterprises were looking to cut spending in certain areas and this could have been one of the areas there was a bit of a pullback in terms of Enterprise spending uh so uh broadcom updating saying that it entered a multi-year collaboration with a North American Wireless OEM company on Cutting Edge Wireless connectivity and 5G components broadcom second quarter revenue of 1.6 billion in Wireless represented 23 percent of its semiconductor business that was down nine percent year over year so we expect Wireless Revenue to be up low single digits the next quarter um quarter over quarter however year over year it's likely to be flat so a nice improvement from the previous quarter from being after being down nine percent year over year to being flat year over year so that's a nice Improvement for its Wireless segment networking Revenue was 2.6 billion that was up 20 percent year over year that was in line with what it was expecting and that's 40 percent of its semiconductive revenue and this is the segment that benefits from the strong growth in AI infrastructure so look at that up 20 year over year it now represents 39 percent of its semiconductor business and this is likely to continue growing as companies continue rolling out infrastructure to support the rising effectiveness of artificial intelligence broadcom management noting that its portfolio of Tomahawk 5 and Jericho 3 uh in its AI offers the industry's highest performance fabric for large-scale AI clusters by optimizing the demanding and costly AI resources this is a big thing right people are using artificial intelligence a lot more than they used to but the opposite side of this is that companies that are offering these AI services to customers they're incurring the costs right now so right now it's not yet being monetized in terms of the consumer usage of it right you can go to uh use chat GPT for free right but every time you use it that's a cost to the company to open AI to generate those responses it incurs a cost and so those costs right now are falling on the companies eventually more and more so consumers will start to pay for the privilege of using these services and I'll end with these with this final uh note here that in the third quarter the company expects networking Revenue to maintain its growth year on year of about 20 so robust growth in this segment is continued to be expected for broadcom so the company overall experiencing various levels of growth right the segment of its business that's benefiting from artificial intelligence is growing very strongly other parts of its business not growing as strongly so a mixed quarter for broadcom in terms of growth but the prospects the future prospects are looking very bright even in the segment that wasn't growing broadcom expects it to flatten out meanwhile it expects continuous robust growth from its segments that are benefiting from artificial intelligence all right so