Parkev Tatevosian, CFA 对 $MSFT 的判断变化

2026-09-04看涨
Should Investors Buy Microsoft Stock Instead of Apple Stock? | MSFT Stock vs. AAPL Stock
相比苹果,微软更受青睐,因其估值更具吸引力;DCF公允价值为451美元,而当前股价为511美元。

苹果和微软对人工智能热潮采取了截然不同的策略。微软已投入数千亿美元建设数据中心,并投资于OpenAI等具有战略重要性的公司。

Apple and Microsoft have taken radically different approaches to the artificial intelligence boom . Microsoft has invested hundreds of billions of dollars in building data centers and investing in strategically important companies such as OpenAI.

那么,鉴于这两种截然不同的AI热潮应对方式,目前哪一家公司的股票更值得买入呢?在过去十年中,苹果和微软在增加收入方面都做得非常出色。

So, given these two very different approaches to the AI boom, which of these two companies is the better stock to buy right now? Over the past decade, Apple and Microsoft have done an excellent job of increasing revenue.

与此同时,微软的销售额增长主要得益于其云服务部门的销售增长。该公司在人工智能方面的大部分投资都用于建设这些数据中心,然后将其租给像OpenAI这样消耗计算能力的公司。

Meanwhile, Microsoft's sales are increasing primarily due to increased sales in its cloud services unit . This is where most of the company's investments in artificial intelligence went to building these data centers, which it then leases to companies like OpenAI that consume that computing power.

2026-09-02看涨
Is it Too Late to Buy Microsoft Stock? | MSFT Stock Analysis
微软是一家高质量的“名人堂”级企业,长期买入价值良好,但当前价格限制了进一步加仓。

微软已启动一项重大新举措,将6000名工程师直接派驻到客户现场,以交付可衡量的业务成果。此外,管理团队强调,其Azour AI业务在短短3个多月内新增了500亿美元的积压订单。

Microsoft has launched a major new initiative embedding 6,000 engineers directly with customers to deliver measurable business outcomes. Additionally, the management team highlighted that its Azour AI business added $50 billion in backlog in just over 3 months.

但这一切是否使微软股票成为买入机会?在整个颠覆性的人工智能技术繁荣期间,微软持续实现营收增长。在最近结束的季度中,其营收增长接近20%。多年来,其营收已从2017年的大约750亿美元增长至最近12个月期间的超过3320亿美元。

But does all of this make Microsoft stock a buying opportunity? Throughout this disruptive AI technological boom, Microsoft has delivered continued revenue growth. In the most recently completed quarter, its revenue growth approached 20%. Over the many years, its revenue has grown from roughly $75 billion in 2017 to over 332 billion in the most recent trailing 12-month period.