[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio9130517f":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio9130517f","广发：英伟达CPO放量快于预期-Lumentum(LITE)、Semtech(SMTC)有望受益","\u002Fdoc\u002Fdcio9130517f","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cspan>美股投资网获悉，广发证券表示，英伟达(NVDA)的共封装光学(CPO)横向扩展正在快于预期地推进，这应当对供应商Lumentum(LITE)构成利好。广发维持对Lumentum的“买入”评级。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>广发证券分析师Alicia Xia在周二的一份投资者报告中表示，“为支持这一放量，台积电(TSM)已扩充CPO测试\u002F检测产能，尤其是增加了Insertion 2\u002F3设备，”“FAU等关键组件进展同样良好，这得益于多插拔良率的改善。在系统层面，我们相信主要组件供应商已就位，使得自9月初起即可实现洁净室级的系统集成。我们现预计英伟达的CPO交换机出货量为4Q26\u002F1Q27\u002F2Q27\u002F2027分别达15k\u002F16k\u002F30k\u002F100k。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>据广发数据，Lumentum来自CPO及近封装光学(NPO)的估算收入将在2027至2028年间实现同比的显著加速。2027年，Lumentum预计将产生4.27亿美元的CPO激光器收入和5.01亿美元的NPO激光器收入。到2028年，这一预测将扩大至CPO为7.50亿美元、NPO为25.5亿美元。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Xia指出，“基于NVL576的规模化CPO\u002FNPO系统预计将于2H27E开始采用，每个NVSwitch托盘配两块交换板，每块板搭载四颗ASIC，并配对四颗3.2T光学引擎(OE)\u002FASIC，”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>“我们重申我们的观点，即CPO(QM5 + 4颗OE)与NPO(QM5 + 4颗OE，采用插座方式)正在并行推进；鉴于NPO的成熟度，我们对NVL576发布时实现全面NPO采用的观点与市场普遍预期一致。下一个需要关注的是Feynman，我们的供应链调研显示，它同样正在以CPO和NPO两种变体进行开发;封装侧的可见度表明，CPO(QM6，配六颗6.4T OE)仍按计划推进。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>广发还对Semtech(SMTC)给予“买入”评级，理由是其在NPO横向扩展中扮演的角色，这预计将在2028年前显著改善其每股收益(EPS)数据。据预测，在2027年贡献0.47美元之后，到2028年这一业务将为其EPS贡献3.03美元。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FS\u002FSMTC\u002FSMTC.jpg","2026-09-30T21:23:46","2026.09.30","2026\u002F09\u002F30",54733,[22],"SMTC","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]