MSFT 全部观点

Well, we got a request to do Microsoft next. So, how about we do that? Um I think even last time we talked a bit about Microsoft. Uh just when we cover the MX7 to me it's like the one Mac 7 company where I feel like I I just don't have a strong opinion like it probably if I would look at Amazon I have a pretty strong opinion if I look at you know Google or Alphabet I have a strong opinion not so much the case for Microsoft

All the major tech companies are now spending more than they make combined. They're spending more on AI than their whole cash flow, which is why they're borrowing.

Because if Microsoft builds a data center, that's a huge expense on their financial statements and their stock will go down. Microsoft just signs a contract promising to rent it for the next several years. And that promise is what makes this whole thing financable.

Now, that promise does not show up as debt on Microsoft's balance sheet. According to Goldman Sachs, these companies have about $1 and a half trillion dollars in lease commitments, but one trillion of that does not appear on their balance sheets at all.

Massive tech companies like Amazon, Google, McDougall, Meta are borrowing heavily to build data centers and finance artificial intelligence infrastructure.

Nvidia, Apple, Mr. softy Microsoft, Amazing Zon, Google, McDougall, SpaceX, Broadcom, Meta, Tesla, Masla, Micron, and Walmart, right? Those 11 companies right there.

So, what we'll do today, um, we have a tier list prepared. We actually have two tier lists. So, for one, we will talk about um the max 7 companies as you can see here. Plus, we have some extras. So, we will talk about the Max 7s like you know, Meta, Google, Microsoft, those those sorts of companies.

and just generally you have a lot of these circular deals I think Sean when we covered Microsoft um which is also a company that we will list maybe we should do that one next um I think when we did the research in the episode, we were just sitting there trying to figure out where money is actually going in all of these circular deals and it was incredibly difficult.

I uh I looked at um Microsoft's earnings yesterday and an absolute strong strong um quarter.

All right, Microsoft revenue 90 billion up 18% year-over-year. Uh, that was a beat. Adjusted earnings per share $4.74. It's a beat over 421.

Um, they have a nice size investment in Anthropic, which um, I wasn't I'll go back to full screen which I wasn't aware of. I didn't know Micros I knew Microsoft had invested in Open AI. I did not know they also invested in Anthropic.

You go look at Microsoft and Meta and Amazon. They're importing hundreds of billions of dollars of semiconductor equipment and telecom equipment and things of that nature. But Microsoft just posted $90 billion in quarterly revenue. Their cloud business just hit a hundred billion in annualized revenue.