{"id":2246,"date":"2025-09-16T09:07:52","date_gmt":"2025-09-16T09:07:52","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2246"},"modified":"2025-09-16T09:07:52","modified_gmt":"2025-09-16T09:07:52","slug":"broadcom-od-ztraty-az-k-miliardovym-ai-zakazkam","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/09\/16\/broadcom-od-ztraty-az-k-miliardovym-ai-zakazkam\/","title":{"rendered":"Broadcom: Od ztr\u00e1ty a\u017e k miliardov\u00fdm AI zak\u00e1zk\u00e1m"},"content":{"rendered":"\n<p><strong>Nejnov\u011bji ze skupiny technologick\u00fdch gigant\u016f zve\u0159ejnil sv\u00e9 \u010dtvrtletn\u00ed v\u00fdsledky Broadcom, p\u0159i\u010dem\u017e jimi potvrdil, \u017ee mezi hlavn\u00ed v\u00edt\u011bze \u00e9ry um\u011bl\u00e9 inteligence nepochybn\u011b pat\u0159\u00ed. Minul\u00fd rok toti\u017e kv\u016fli da\u0148ov\u00fdm povinnostem plynouc\u00edm z p\u0159esunu du\u0161evn\u00edho vlastnictv\u00ed do USA do\u0161lo k v\u00fdrazn\u00e9 jednor\u00e1zov\u00e9 ztr\u00e1t\u011b, ale spole\u010dnosti se op\u011bt poda\u0159ilo vr\u00e1tit k vysok\u00fdm zisk\u016fm, co\u017e pot\u011b\u0161ilo i investory \u2013 akcie po zve\u0159ejn\u011bn\u00ed v\u00fdsledk\u016f vzrostly o 16 %.<\/strong><\/p>\n\n\n\n<p><strong>N\u00e1vrat do zisku<\/strong><\/p>\n\n\n\n<p>Pozitivn\u00ed vlnu na akciov\u00e9m trhu podporuj\u00ed p\u0159edev\u0161\u00edm hlavn\u00ed fundament\u00e1ln\u00ed parametry Broadcomu. Za\u010d\u00ednaje tr\u017ebami, hodnota se meziro\u010dn\u011b zv\u00fd\u0161ila o 22 %, konkr\u00e9tn\u011b na 15,96 miliardy USD, co\u017e z\u00e1rove\u0148 p\u0159ekonalo i konsenzu\u00e1ln\u00ed odhad analytik\u016f London Stock Exchange Group (LSEG). V n\u00e1vaznosti na to \u010dist\u00fd zisk zaznamenal je\u0161t\u011b dramati\u010dt\u011bj\u0161\u00ed n\u00e1r\u016fst, je v\u0161ak podstatn\u00e9 dodat, \u017ee b\u011bhem stejn\u00e9ho obdob\u00ed p\u0159ed rokem spole\u010dnost vyk\u00e1zala zm\u00edn\u011bn\u00fd jednor\u00e1zov\u00fd da\u0148ov\u00fd n\u00e1klad ve v\u00fd\u0161i 4,5 miliardy USD. Ka\u017edop\u00e1dn\u011b, hodnota se vy\u0161plhala na 4,14 miliardy USD, z \u010deho\u017e vypl\u00fdv\u00e1 upraven\u00fd zisk na akcii 1,69 USD \u2013 rovn\u011b\u017e p\u0159ekon\u00e1vaj\u00edc\u00ed odhady analytik\u016f.<\/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-3.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-2247\" srcset=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-3.png 605w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-3-300x208.png 300w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-3-392x272.png 392w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-3-130x90.png 130w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/09\/image-3-600x417.png 600w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><figcaption>V\u00fdkonnost akci\u00ed spole\u010dnosti \u00a0Broadcom za posledn\u00edch 5 let. <em>Zdroj: Trading Economics<\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>Motory r\u016fstu Broadcomu<\/strong><\/p>\n\n\n\n<p>P\u0159i podrobn\u011bj\u0161\u00edm rozboru zdroj\u016f p\u0159\u00edjm\u016f nejv\u011bt\u0161\u00ed pozornost pout\u00e1 meziro\u010dn\u00ed r\u016fst tr\u017eeb z AI. Za t\u0159et\u00ed \u010dtvrtlet\u00ed si toti\u017e Broadcom p\u0159ipsal 5,2 miliardy USD, co\u017e znamen\u00e1 r\u016fst v porovn\u00e1n\u00ed s minul\u00fdm rokem a\u017e o 63 %. Z\u00e1rove\u0148 spole\u010dnost ozn\u00e1mila nov\u00fd kontrakt na sv\u00e9 vlastn\u00ed \u010dipy s n\u00e1zvem XPU v hodnot\u011b 10 miliard USD, a to se \u010dtvrt\u00fdm nezn\u00e1m\u00fdm z\u00e1kazn\u00edkem. Ofici\u00e1ln\u00ed stanovisko Broadcom zat\u00edm neposkytl, av\u0161ak podle neofici\u00e1ln\u00edch informac\u00ed, kter\u00e9 zve\u0159ejnil den\u00edk Financial Times, by se mohlo jednat o OpenAI. Vysok\u00e9mu r\u016fstu se ale t\u011b\u0161il i segment semiconductor solutions, kter\u00fd vzrostl o 9,17 miliardy USD, co\u017e v p\u0159epo\u010dtu p\u0159edstavuje r\u016fst o 57 %. V neposledn\u00ed \u0159ad\u011b Infrastructure software, kde dominuje VMware, p\u0159inesl 6,79 miliardy USD.<\/p>\n\n\n\n<p><strong>V\u00fdhled do budoucnosti<\/strong><\/p>\n\n\n\n<p>Standardn\u00ed sou\u010d\u00e1st\u00ed \u010dtvrtletn\u00edch v\u00fdsledk\u016f je i v\u00fdhled na dal\u0161\u00ed obdob\u00ed, stanoven\u00fd samotn\u00fdm veden\u00edm spole\u010dnosti. Ten investory op\u011bt pot\u011b\u0161il \u2013 Broadcom o\u010dek\u00e1v\u00e1, \u017ee b\u011bhem \u010dtvrt\u00e9ho \u010dtvrtlet\u00ed dos\u00e1hne tr\u017eeb okolo 17,4 miliardy USD \u2013 v\u00edce, ne\u017e o\u010dek\u00e1vali analytici. Z v\u00fdsledn\u00e9 hodnoty by m\u011blo 6,2 miliardy USD poch\u00e1zet p\u0159\u00edmo z \u0159e\u0161en\u00ed spojen\u00fdch s AI. V kone\u010dn\u00e9m d\u016fsledku je tedy mo\u017en\u00e9 konstatovat, \u017ee Broadcom pokra\u010duje v \u00fasil\u00ed b\u00fdt komplexn\u00edm hr\u00e1\u010dem s jasn\u00fdm c\u00edlem, p\u0159i\u010dem\u017e v\u00fdsledn\u00e1 cena akci\u00ed to v\u0161echno zohled\u0148uje \u2013 od za\u010d\u00e1tku roku vid\u00ed investo\u0159i u t\u00e9to spole\u010dnosti zhodnocen\u00ed o 45 %.<\/p>\n\n\n\n<p><strong>David Matulay, analytik<\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/investingfox.com\/cs\" target=\"_blank\"><strong> InvestingFox<\/strong><\/a><\/p>\n\n\n\n<p><em>Foto: AdobeStock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nejnov\u011bji ze skupiny technologick\u00fdch gigant\u016f zve\u0159ejnil sv\u00e9 \u010dtvrtletn\u00ed v\u00fdsledky Broadcom, p\u0159i\u010dem\u017e jimi potvrdil, \u017ee mezi hlavn\u00ed v\u00edt\u011bze \u00e9ry um\u011bl\u00e9 inteligence<\/p>\n","protected":false},"author":1,"featured_media":2248,"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":[350,431,190,268,271],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2246"}],"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=2246"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2246\/revisions"}],"predecessor-version":[{"id":2249,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2246\/revisions\/2249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2248"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}