George Gammon 对 $MSFT 的判断变化

2026-08-26看跌
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微软关于数据中心租赁的会计变更具有误导性,且国债收益率上升给公司带来了融资成本问题。

你们大多数人可能不知道,微软刚刚悄悄改变了其会计技术——或者说试图对此保密,将其掩盖起来。该报道指出,此次会计变更将这家软件巨头的资本支出预期从1900亿美元调整至约1750亿美元。

Most of you probably don't know that Microsoft just kind of secretly or tried to be a little secret about it, kind of sweeping under the rug, changed their accounting techniques. It says the accounting change adjusted the software giant's CapEx expectations to about 175 billion down from 190.

微软正在分摊数据中心的成本。不过,这种说法有些误导,因为他们提到的是“数据中心的成本”,但实际上指的是微软必须支付的这些租赁费用。

Microsoft is spreading the cost of the data centers. Now, they This is a little misleading because they say the cost of the data centers. What they're really referring to are these leases that Microsoft is having to pay.