MRVL 财报后为什_老虎社区_美港股上老虎 - 老虎社区

熊猫校长 Ming

MRVL 财报后为什么跌了？🤔

不是财报不好。营收、数据中心、下一季指引和 FY27/FY28 目标都更好了。

但股价在财报前已经把 Google 合作后的 FY29 想象交易得很满。电话会只确认了 FY28 的增长，却没有给出 FY29 的新数字；定制业务加速还会先压一点毛利率。

所以盘后卖的不是这季业绩，而是提前付出去的远期预期。

我的判断：基本面没坏，但下一段上涨不能再靠 Google 新闻。要等 10 月 6 日把 FY29 的收入和利润讲清楚。

英伟达的财报证明了AI基建的强刚需，光互联和芯片定制还在继续，顺着大趋势，MRVL还会继续涨。

$迈威尔科技(MRVL)$ $英伟达(NVDA)$ $谷歌(GOOG)$

存储三雄集体回调，超级周期熄火了吗？

闪迪 -1.90%、美光 -2.64%、SK海力士 -2.31%，昨日齐飙的存储链今日集体回吐。美光最大生产基地因 83 个月欠薪面临罢工，供给端扰动升温；同时其股价已高于 GF Value 逾 50%，获利了结压力显现。SeekingAlpha 仍称闪迪"便宜得没道理"、看多 HBM 超级周期。这轮存储行情是真周期中继，还是又一次冲高回落？

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

屋根下
08-28
屋根下
之前估值已经非常高了，还跟着英伟达财报又涨了一波。自己的财报一点亮眼的东西都没有根本支撑不住之前的估值，肯定得跌
- 熊猫校长 Ming:
  嗯

发表看法

2

3

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":601492599128680,"tweetId":"601492599128680","gmtCreate":1787878423806,"gmtModify":1787878428341,"author":{"id":3459023715752256,"idStr":"3459023715752256","authorId":3459023715752256,"authorIdStr":"3459023715752256","name":"熊猫校长 Ming","avatar":"https://static.tigerbbs.com/d448af67332c14b1126ae724fc7a267c","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.24","exceedPercentage":"93.13%","individualDisplayEnabled":0},"individualDisplayBadges":[{"badgeId":"3f8f4b8c193b4343a88817ce07587dbd-1","templateUuid":"3f8f4b8c193b4343a88817ce07587dbd","name":"星级创作者","description":"累计发表精华帖>=3（或有料帖>=10），且30天内发表过至少一篇精华帖（或4篇有料帖）并参与过评论","bigImgUrl":"https://static.tigerbbs.com/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://static.tigerbbs.com/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://www.laohu8.com/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.09.05","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"}}],"wearingBadges":[{"badgeId":"35ec162348d5460f88c959321e554969-3","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000},{"badgeId":"3f8f4b8c193b4343a88817ce07587dbd-1","name":"星级创作者","description":"累计发表精华帖>=3（或有料帖>=10），且30天内发表过至少一篇精华帖（或4篇有料帖）并参与过评论","smallImgUrl":"https://static.tigerbbs.com/4f5c5fa8e2c7683bb5a7fce8753ee456","bigImgUrl":"https://static.tigerbbs.com/1866dcf97a73be1c330f85862546aedc","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.laohu8.com/activity/market/2023/star-contributors/","redirectLinkValidityFrom":1680048000000,"redirectLinkValidityTo":1996358400000,"validityToTimestamp":1791130800914},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","name":"明星虎友","description":"加入老虎社区2000天","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}],"fanSize":515,"starInvestorFlag":false},"themes":[{"themeId":"720a503cf46e44d29b7ea4b92d4088fb","categoryId":"d316d8bd4a714fab9ea15fd7157c45e7","name":"存储三雄集体回调，超级周期熄火了吗？","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":720a503cf46e44d29b7ea4b92d4088fb}&rnconfig={\"headerBarHidden\": true}","description":"闪迪 -1.90%、美光 -2.64%、SK海力士 -2.31%，昨日齐飙的存储链今日集体回吐。美光最大生产基地因 83 个月欠薪面临罢工，供给端扰动升温；同时其股价已高于 GF Value 逾 50%，获利了结压力显现。SeekingAlpha 仍称闪迪\"便宜得没道理\"、看多 HBM 超级周期。这轮存储行情是真周期中继，还是又一次冲高回落？","image":"https://static.tigerbbs.com/6c5810e1764b593f3615c1b1587b2c68"}],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>MRVL 财报后为什么跌了？🤔</p>\n<p><br></p>\n<p>不是财报不好。营收、数据中心、下一季指引和 FY27/FY28 目标都更好了。</p>\n<p><br></p>\n<p>但股价在财报前已经把 Google 合作后的 FY29 想象交易得很满。电话会只确认了 FY28 的增长，却没有给出 FY29 的新数字；定制业务加速还会先压一点毛利率。</p>\n<p><br></p>\n<p>所以盘后卖的不是这季业绩，而是提前付出去的远期预期。</p>\n<p><br></p>\n<p>我的判断：基本面没坏，但下一段上涨不能再靠 Google 新闻。要等 10 月 6 日把 FY29 的收入和利润讲清楚。</p>\n<p><br></p>\n<p>英伟达的财报证明了AI基建的强刚需，光互联和芯片定制还在继续，顺着大趋势，MRVL还会继续涨。</p>\n<p><br></p>\n<p><a href=\"https://laohu8.com/S/MRVL\">$迈威尔科技(MRVL)$&nbsp;</a>&nbsp;<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$&nbsp;</a>&nbsp;<a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$&nbsp;</a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>MRVL 财报后为什么跌了？🤔</p>\n<p><br></p>\n<p>不是财报不好。营收、数据中心、下一季指引和 FY27/FY28 目标都更好了。</p>\n<p><br></p>\n<p>但股价在财报前已经把 Google 合作后的 FY29 想象交易得很满。电话会只确认了 FY28 的增长，却没有给出 FY29 的新数字；定制业务加速还会先压一点毛利率。</p>\n<p><br></p>\n<p>所以盘后卖的不是这季业绩，而是提前付出去的远期预期。</p>\n<p><br></p>\n<p>我的判断：基本面没坏，但下一段上涨不能再靠 Google 新闻。要等 10 月 6 日把 FY29 的收入和利润讲清楚。</p>\n<p><br></p>\n<p>英伟达的财报证明了AI基建的强刚需，光互联和芯片定制还在继续，顺着大趋势，MRVL还会继续涨。</p>\n<p><br></p>\n<p><a href=\"https://laohu8.com/S/MRVL\">$迈威尔科技(MRVL)$&nbsp;</a>&nbsp;<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$&nbsp;</a>&nbsp;<a href=\"https://laohu8.com/S/GOOG\">$谷歌(GOOG)$&nbsp;</a>&nbsp;</p></body></html>","text":"MRVL 财报后为什么跌了？🤔 不是财报不好。营收、数据中心、下一季指引和 FY27/FY28 目标都更好了。 但股价在财报前已经把 Google 合作后的 FY29 想象交易得很满。电话会只确认了 FY28 的增长，却没有给出 FY29 的新数字；定制业务加速还会先压一点毛利率。 所以盘后卖的不是这季业绩，而是提前付出去的远期预期。 我的判断：基本面没坏，但下一段上涨不能再靠 Google 新闻。要等 10 月 6 日把 FY29 的收入和利润讲清楚。 英伟达的财报证明了AI基建的强刚需，光互联和芯片定制还在继续，顺着大趋势，MRVL还会继续涨。 $迈威尔科技(MRVL)$ $英伟达(NVDA)$ $谷歌(GOOG)$","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/601492599128680","repostId":0,"isVote":1,"tweetType":1,"viewCount":3034,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NVDA","GOOG","MRVL"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":481,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":601528646119424,"commentId":"601528646119424","gmtCreate":1787887221656,"gmtModify":1787887226489,"authorId":3535338232726128,"author":{"id":3535338232726128,"idStr":"3535338232726128","authorId":3535338232726128,"name":"屋根下","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":601492599128680,"objectIdStr":"601492599128680","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"之前估值已经非常高了，还跟着英伟达财报又涨了一波。自己的财报一点亮眼的东西都没有根本支撑不住之前的估值，肯定得跌","text":"之前估值已经非常高了，还跟着英伟达财报又涨了一波。自己的财报一点亮眼的东西都没有根本支撑不住之前的估值，肯定得跌","html":"之前估值已经非常高了，还跟着英伟达财报又涨了一波。自己的财报一点亮眼的东西都没有根本支撑不住之前的估值，肯定得跌","likeSize":0,"commentSize":1,"subComments":[{"id":601563725602816,"commentId":"601563725602816","gmtCreate":1787895785977,"gmtModify":1787895790466,"authorId":3459023715752256,"author":{"id":3459023715752256,"idStr":"3459023715752256","authorId":3459023715752256,"name":"熊猫校长 Ming","avatar":"https://static.tigerbbs.com/d448af67332c14b1126ae724fc7a267c","vip":1,"currentWearingBadge":{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.24","exceedPercentage":"93.13%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"wearingSort":1},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"3f8f4b8c193b4343a88817ce07587dbd-1","templateUuid":"3f8f4b8c193b4343a88817ce07587dbd","name":"星级创作者","description":"累计发表精华帖>=3（或有料帖>=10），且30天内发表过至少一篇精华帖（或4篇有料帖）并参与过评论","bigImgUrl":"https://static.tigerbbs.com/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://static.tigerbbs.com/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.laohu8.com/activity/market/2023/star-contributors/","redirectLinkValidityFrom":1680048000000,"redirectLinkValidityTo":1996358400000,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.09.05","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007,"isScarce":0,"effectEnabled":0,"wearingSort":2,"validityTo":"2026.10.05","validityToTimestamp":1791174000944}],"wearingBadges":[{"badgeId":"35ec162348d5460f88c959321e554969-3","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000},{"badgeId":"3f8f4b8c193b4343a88817ce07587dbd-1","name":"星级创作者","description":"累计发表精华帖>=3（或有料帖>=10），且30天内发表过至少一篇精华帖（或4篇有料帖）并参与过评论","smallImgUrl":"https://static.tigerbbs.com/4f5c5fa8e2c7683bb5a7fce8753ee456","bigImgUrl":"https://static.tigerbbs.com/1866dcf97a73be1c330f85862546aedc","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.laohu8.com/activity/market/2023/star-contributors/","redirectLinkValidityFrom":1680048000000,"redirectLinkValidityTo":1996358400000,"validityToTimestamp":1791130800914},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-4","name":"明星虎友","description":"加入老虎社区2000天","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}]},"repliedAuthorId":0,"objectId":601492599128680,"objectIdStr":"601492599128680","type":1,"supId":601528646119424,"supIdStr":"601528646119424","prevId":0,"prevIdStr":"0","content":"嗯","text":"嗯","html":"嗯","disclaimerType":0}],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/601492599128680"}