{"id":2237,"date":"2025-09-16T09:00:53","date_gmt":"2025-09-16T09:00:53","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2237"},"modified":"2025-09-16T09:00:53","modified_gmt":"2025-09-16T09:00:53","slug":"broadcom-a-tajny-kontrakt-na-10-miliard-usd-je-to-openai","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/09\/16\/broadcom-a-tajny-kontrakt-na-10-miliard-usd-je-to-openai\/","title":{"rendered":"Broadcom a tajn\u00fd kontrakt na 10 miliard USD. Je to OpenAI?"},"content":{"rendered":"\n<p><strong>Kdy\u017e se mezi investory a technologick\u00fdmi nad\u0161enci \u0159ekne Broadcom, mnoh\u00fdm z nich se vybav\u00ed lo\u0148sk\u00e1 da\u0148ov\u00e1 polo\u017eka, kter\u00e1 ve t\u0159et\u00edm \u010dtvrtlet\u00ed dostala firmu do ztr\u00e1ty. P\u0159esn\u011b o rok pozd\u011bji je ale situace diametr\u00e1ln\u011b odli\u0161n\u00e1 \u2013 firma vyk\u00e1zala solidn\u00ed \u010dtvrtletn\u00ed v\u00fdsledky, kter\u00e9 op\u011bt pomohly cen\u011b akci\u00ed na nov\u00fd vrchol. Co v\u0161ak mohou investo\u0159i o\u010dek\u00e1vat v dal\u0161\u00edm \u010dtvrtlet\u00ed?<\/strong><\/p>\n\n\n\n<p><strong>Fundament\u00e1ln\u00ed r\u016fst<\/strong><\/p>\n\n\n\n<p>Broadcom za t\u0159et\u00ed \u010dtvrtlet\u00ed 2025 doru\u010dil v\u00fdsledky, kter\u00e9 p\u0159ekvapily i samotn\u00fd trh. Hodnota tr\u017eeb na \u00farovni 15,96 miliardy USD nejen\u017ee p\u0159ekonala o\u010dek\u00e1v\u00e1n\u00ed London Stock Exchange Group (LSEG), ale z\u00e1rove\u0148 i meziro\u010dn\u011b vzrostla, konkr\u00e9tn\u011b o 22 %. Stejn\u011b pozitivn\u011b se v sledovan\u00e9m obdob\u00ed vyv\u00edjel i \u010dist\u00fd zisk \u2013 nam\u00edsto lo\u0148sk\u00e9 ztr\u00e1ty do\u0161lo k n\u00e1r\u016fstu a\u017e na 4,14 miliardy USD. To n\u00e1sledn\u011b vedlo i k v\u00edce ne\u017e o\u010dek\u00e1van\u00e9mu n\u00e1r\u016fstu ukazatele EPS, ten toti\u017e vzrostl na 1,69 USD.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"605\" height=\"419\" src=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image.png\" alt=\"Obsah obr\u00e1zku text, \u0159ada\/pruh, Vykreslen\u00fd graf, P\u00edsmo\n\nObsah generovan\u00fd pomoc\u00ed AI m\u016f\u017ee b\u00fdt nespr\u00e1vn\u00fd.\" class=\"wp-image-2238\" srcset=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image.png 605w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-300x208.png 300w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-392x272.png 392w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-130x90.png 130w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-600x417.png 600w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><figcaption>V\u00fdkonnost ceny akci\u00ed spole\u010dnosti Broadcom za posledn\u00edch p\u011bt let (zdroj: Trading Economics)<\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>AI jako katalyz\u00e1tor<\/strong><\/p>\n\n\n\n<p>Vzhledem k aktu\u00e1ln\u00edm trend\u016fm investi\u010dn\u00edho sv\u011bta byli investo\u0159i ve velk\u00e9 m\u00ed\u0159e zv\u011bdav\u00ed, jak se firm\u011b da\u0159ilo v oblasti um\u011bl\u00e9 inteligence. Odpov\u011bd\u00ed Broadcomu je r\u016fst v porovn\u00e1n\u00ed s minul\u00fdm rokem o 63 %, a to na 5,2 miliardy USD. \u00dasp\u011bch v AI segmentu nav\u00edc podtrhuje skute\u010dnost, \u017ee z\u00e1rove\u0148 jde i o intern\u00ed p\u0159ekon\u00e1n\u00ed o\u010dek\u00e1v\u00e1n\u00ed veden\u00ed firmy.<\/p>\n\n\n\n<p>Krom\u011b toho, spole\u010dnost nezah\u00e1lela ani v pl\u00e1nech do budoucna a p\u0159edstavila v po\u0159ad\u00ed \u010dtvrt\u00fd kontrakt na dod\u00e1vky vlastn\u00edch AI \u010dip\u016f s n\u00e1zvem XPU. Prozat\u00edm tento z\u00e1kazn\u00edk z\u016fstal v anonymit\u011b, av\u0161ak podle p\u0159edb\u011b\u017en\u00fdch informac\u00ed od Financial Times by se mohlo jednat o OpenAI. Celkov\u011b to odr\u00e1\u017e\u00ed snahu Broadcomu udr\u017eet stabiln\u00ed r\u016fst v dlouhodob\u00e9m horizontu a za\u0159adit se mezi kl\u00ed\u010dov\u00e9 dodavatele AI infrastruktury.<\/p>\n\n\n\n<p><strong>Siln\u00e1 dvojice: \u010cipy a software<\/strong><\/p>\n\n\n\n<p>A\u010dkoli \u00fasp\u011bchy v AI p\u0159it\u00e1hly nejv\u00edce pozornosti, nezaost\u00e1valy ani ostatn\u00ed segmenty podnik\u00e1n\u00ed Broadcomu. Divize zab\u00fdvaj\u00edc\u00ed se \u010dipy p\u0159inesla v tr\u017eb\u00e1ch 9,17 miliardy USD, co\u017e v procentu\u00e1ln\u00edm vyj\u00e1d\u0159en\u00ed p\u0159edstavuje r\u016fst o 57 %, p\u0159i\u010dem\u017e softwarov\u00fd segment zaznamenal r\u016fst o 43 % na 6,79 miliardy USD. V r\u00e1mci diverzifikace p\u0159\u00edjm\u016f je tedy pozitivn\u00ed sledovat, \u017ee spole\u010dnosti se da\u0159\u00ed r\u016fst v obou sm\u011brech sou\u010dasn\u011b.<\/p>\n\n\n\n<p><strong>Budoucnost Broadcomu<\/strong><\/p>\n\n\n\n<p>P\u0159i pohledu na posledn\u00ed \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku je v\u00fdhled stejn\u011b optimistick\u00fd. Management Broadcomu o\u010dek\u00e1v\u00e1 tr\u017eby na \u00farovni 17,4 miliardy USD, p\u0159i\u010dem\u017e AI by m\u011bla firm\u011b p\u0159in\u00e9st 6,2 miliardy USD. V z\u00e1v\u011bru je tak mo\u017en\u00e9 konstatovat, \u017ee pro Broadcom nen\u00ed AI jen pr\u00e1zdn\u00fdm m\u00f3dn\u00edm slovem, ale skute\u010dn\u00fdm motorem r\u016fstu. [1] V neposledn\u00ed \u0159ad\u011b se spole\u010dnosti da\u0159\u00ed i na burze \u2013 cena akci\u00ed zaznamenala od dubnov\u00e9ho minima n\u00e1r\u016fst o v\u00edce ne\u017e 150 %.<\/p>\n\n\n\n<p><strong>Anna \u0160uhajdov\u00e1, p\u0159edsedkyn\u011b p\u0159edstavenstva <\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.capitalmarkets.sk\/cs\/\" target=\"_blank\"><strong>CAPITAL MARKETS, o.c.p., a.s.<\/strong><\/a><\/p>\n\n\n\n<p><em>Foto: AdobeStock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kdy\u017e se mezi investory a technologick\u00fdmi nad\u0161enci \u0159ekne Broadcom, mnoh\u00fdm z nich se vybav\u00ed lo\u0148sk\u00e1 da\u0148ov\u00e1 polo\u017eka, kter\u00e1 ve t\u0159et\u00edm<\/p>\n","protected":false},"author":1,"featured_media":2239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[350,431,335,190,432,271],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2237"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2237"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2237\/revisions"}],"predecessor-version":[{"id":2240,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2237\/revisions\/2240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2239"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}