对微软在AI基础设施方面的努力（Azure、Copilot）依然印象深刻。
逐段跳播
我仍然对 Microsoft 印象深刻，以及它在面向“Azure”和“Copilot”的人工智能基础设施领域所做的一切。
I am still impressed with Microsoft and what it is doing in the field of artificial intelligence infrastructure for "Azure" and " Copilot".
在你看来，这更多是关于像 Microsoft 以及一些大型云计算公司正在追赶，而不是半导体板块（SOX）表现不佳吗？
And was that in your mind more about companies like Microsoft and some of the big cloud computing companies catching up, rather than the poor performance of the semiconductor sector (SOX)?
大型云计算公司从夏初开始如何回应资本支出公告，与当 Microsoft 首次能够证明回报已经实现时这一情况如何变化相比，你认为这些自由现金流方面的担忧是否开始消退，还是我高估了这一情况？
也许围绕这轮扩张的杠杆担忧开始消退，也许我们能再次看到云计算公司与基础设施类公司之间像过去两年那样趋同。
how the major cloud computing firms began to respond to capital expenditure announcements at the start of the summer, compared to how that changed when Microsoft was first able to demonstrate that returns had already been achieved , do you think these free cash flow concerns are beginning to fade, or am I overestimating the situation?
Perhaps the concerns about the leverage surrounding this expansion are beginning to fade, and perhaps we can once again observe this convergence between cloud computing companies and infrastructure names as we have seen over the past two years.
自今年早些时候所有人都在担心软件即服务（SaaS）灾难以来，你已经看到了 Microsoft 的复苏。
You have seen Microsoft's recovery since earlier this year when everyone was worried about a Software as a Service (SaaS) disaster.
这个频道对 $MSFT 的历次判断
Schwab Network 在这只股票上共 8 条判断，这里只列相邻的几条。