大行评级丨摩根大通：上调博通目标价至475美元维持其为半导体板块首选

中金财经2025-12-15

摩根大通发表研究报告指，博通业绩及指引大幅超越市场及买方预期，但符合该行原先预期，主要受客制化AI芯片(XPU)及网络业务加速增长所推动。该行预计全年AI相关半导体收入将按年增长约65%，达约200亿美元，而2026财年将进一步增长至最少550亿至600亿美元以上。非AI半导体业务方面，收入增长起步较该行预期慢，但呈稳定趋势，该行预计当终端市场复苏动能在明年增强时，此业务将成为收入及毛利率的另一...

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大行评级丨摩根大通：上调博通目标价至475美元 维持其为半导体板块首选

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大行评级丨摩根大通：上调博通目标价至475美元维持其为半导体板块首选