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Last week, the main AI-driven stocks in the US market experienced notable volatility. Oracle and Broadcom, two key AI infrastructure stocks, saw a significant pullback from their highs.
But almost simultaneously,UBS consecutively released two new research reports, maintaining a 'Buy' rating for both companies.。
This itself constitutes a very typical and highly worth analyzing market signal.
In this article, we will do just one thing:Ignore stock price fluctuations, and focus solely on what the sell-side is adhering to after the 'pullback'.
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1. Broadcom: It’s not an issue of AI demand, but rather an issue of 'profit margin structure'.
Let’s first look at Broadcom.
UBS Group’s core assessment of Broadcom can be summarized in one sentence:The demand for AI has not changed; what truly sparked controversy is – the gross margin structure.
1️⃣ AI Business...