Future Fund Managing Partner Gary Black is doubling down on one of his favorite stocks in recent weeks, with a call to look at the valuation metrics of the Magnificent Seven stocks and another large technology company, a grouping he calls the "Mag 8."
Future Fund管理合夥人Gary Black近期正加倍押注其最看好的一隻股票，並呼籲關注「輝煌七巨頭」（Magnificent Seven）股票及另一家大型科技公司的估值指標，他將這一組合稱為「輝煌八巨頭」（Mag 8）。
Mag 8 Valuations
輝煌八巨頭估值
A recent drop in Broadcom Inc (NASDAQ:AVGO) shares after quarterly earnings has left the stock trading at a lower valuation than the Magnificent Seven stocks.
博通公司（Broadcom Inc，納斯達克代碼：AVGO）在公佈季度業績後股價近期下跌，使其當前估值低於輝煌七巨頭股票。
Black highlights the discrepancy in a recent social media post and chart. Here are some of the highlights from the chart:
Black在最近的一篇社交媒體帖子和圖表中強調了這一差異。以下是該圖表的一些要點：
| STOCK | YTD RETURN (AS OF 9/8) | 2026 P/E | 2026 PE TO 5-Year EPS GROWTH |
| NVDA | +20.2% | 25.1x | 1.1x |
| GOOGL | +5.8% | 17.7x | 1.1x |
| AAPL | +16.1% | 35.4x | 3.7x |
| MSFT | +1.6% | 26.5x | 1.4x |
| AMZN | +9.2% | 19.9x | 1.5x |
| META | +6.8% | 18.9x | 1.3x |
| TSLA | -17.9% | 222.2x | 4.8x |
| AVGO | +5.1% | 28.0x | 0.9x |
"The cheapest of the Mag 8 on 2026 P/E vs forward long-term eps growth (PEG) is $AVGO at 0.9x," Black tweeted.
「在美股『八大科技股』（Mag 8）中，按2026年市盈率相對於未來長期每股收益增長率（PEG）衡量，最便宜的是$AVGO，爲0.9x，」Black在推文中表示。
For comparison,Tesla Inc(NASDAQ:TSLA) is the most expensive of the eight stocks with a PEG of 4.8x.
相比之下，特斯拉公司（納斯達克代碼：TSLA）是這八隻股票中最貴的，其PEG爲4.8x。
Black highlightsNvidia Corporation(NASDAQ:NVDA) as the best year-to-date performer of the eight stocks, with a low PEG of 1.1.
Black指出，輝達公司（納斯達克代碼：NVDA）是這八隻股票中年初至今表現最佳的，其PEG較低，僅爲1.1。
Tesla, with a high PEG, is the worst-performing Mag 8 stock.
特斯拉因PEG較高，成爲「八大科技股」中表現最差的股票。
Black on Broadcom Stock
看空博通股票
Black recently defended Broadcom stock after shares fell following third-quarter financial results.
Black最近在博通公佈第三季度業績後股價下跌之際爲其股票辯護。
The company's AI-related revenue had Black expecting shares to rebound from the immediate negative reaction.
該公司與AI相關的收入讓Black預計股價將從最初的負面反應中反彈。
"As the AI Rev strength becomes clearer to investors, I expect the stock to recover somewhat," Black tweeted.
Black在推文中表示：「隨着投資者對AI業務強勁勢頭的認識更加清晰，我預計該股將有所回升。」
Black highlighted Broadcom CEOHock Tan, who said AI chip demand is higher than what they can currently ship.
Black重點提到了博通CEO Hock Tan，後者表示人工智能芯片的需求高於他們當前能夠出貨的水平。
Third-quarter AI revenue of $16.7 billion was up 221% year-over-year and beat a Street consensus estimate of $15.9 billion.
第三季度人工智能收入爲$167億，同比增長221%，超出華爾街共識預期的$159億。
Black also highlighted Broadcom's guidance for fourth-quarter AI revenue to be $21.7 billion, which would be up 236% year-over-year. That total is above a Street consensus estimate of $21.3 billion.
Black還強調，博通對第四季度人工智能收入的指引爲$217億，同比增長236%。該數值高於華爾街共識預期的$213億。
For fiscal 2026, Broadcom now sees AI revenue hitting $58 billion, up from a previous guide of $56 billion. That total would be up 186% year over year.
博通目前預計2026財年的人工智能業務收入將達到$580億，高於此前預測的$560億。該總額將同比增長186%。
Broadcom stock closed at $367.24 on Sept. 2, the day of third-quarter earnings. Shares opened at $351.74 the following morning.
9月2日（即第三季度業績發佈當日），博通股價收於$367.24。次日早盤，股價以$351.74開盤。
Over the last week plus, the stock has somewhat recovered, with shares now trading at $361.12, higher than their opening price after earnings, but still lower than where they were before the earnings print.
在過去一周多的時間裏，該股已有所回升，目前股價爲$361.12，高於業績發佈後的開盤價，但仍低於業績發佈前的水平。
Based on earnings forecasts, the stock is cheaper than other Mag 8 names and could still be an option for investors after the post-earnings decline.
根據盈利預測，該股相較於其他「Mag 8」公司股票估值更低，在業績發佈後的下跌之後，對投資者而言可能仍是一個選擇。 (Benzinga)