MSFT 的反弹有充分依据：营收增长 18% 至 900 亿美元，营业利润增长 18% 至 400 亿美元以上，Azure 增长 43%，云业务销售额超过 1000 亿美元，积压订单增长 84% 至 6780 亿美元。其估值并不便宜，但 MSFT 应当走高，且是他最大的持仓之一，排名略高于 Meta。
逐段跳播
好，接下来这会把我们引向第四只买入标的。我认为这里有一只足以与 Meta 争夺榜首的强劲对手。这就是我个人的另一只心头好——软件和云计算巨头 Microsoft，股票代码是 MSFT，Trump 也买入了它价值最高达500万美元的股份。
Okay, this will now lead us to purchase number four. Here I think we have a strong competitor for the top spot against Meta. Here we have another of my personal favorites, the software and cloud computing giant Microsoft, whose stock symbol is MSFT, in which Trump also acquired shares worth up to $5 million.
如果你最近一直在关注 Microsoft，你会注意到它近期出现了复苏，带动其股价再次上涨。如你所知，我发过好几个视频，讲的是今年早些时候股票下跌时我是如何大举买入的。所以，我希望你们大家现在也在享受这些巨大的收益。
If you have been following Microsoft recently, you will have noticed a recent resurgence that has led to its stock rising again. As you know, I've posted several videos about how I bought heavily when stocks were declining earlier this year.
So, I hope you are all enjoying these huge gains now as well .
事实上，我认为这是 Microsoft 最大的单季涨幅，而且我认为这已经差不多是三十年来最大的，太惊人了。是的，这次复苏之所以发生，是因为华尔街终于从那种荒谬的恐惧中醒悟过来——他们曾担心人工智能会颠覆这家庞大的传统软件公司。
In fact, I think this was Microsoft's biggest quarterly gain , and I think it's been almost three decades, which is amazing. Yes, this recovery happened because Wall Street finally woke up from that ridiculous fear that artificial intelligence would revolutionize this giant traditional software company.
相比之下，Microsoft 最新财报显示，营收同比大幅增长18%，达到900亿美元，营业利润也增长了18%，利润超过400亿美元。而这一切都只在一个季度内实现。太惊人了！
In contrast , Microsoft’s latest earnings showed a massive 18% year-on-year increase in revenue to $90 billion , while operating income also rose by 18% to exceed $40 billion in profits.
And all of this in just one quarter of a year. It's amazing!
更棒的是，Azure 云业务收入增长了43%，推动云业务年度总销售额首次突破1000亿美元。换句话说，人工智能正在让这家全球第二大云服务提供商的重要性与日俱增。
Even better, Azure cloud revenues have increased by 43% , pushing total annual cloud sales above $100 billion for the first time. In other words, artificial intelligence is increasing the importance of the world’s second-largest cloud service provider over time.
因此，他们拥有高达6780亿美元的合同订单积压，同比增长84%，规模惊人。这就是我一直说的：企业客户不会抛弃 Microsoft。他们正以比以往更快的速度签订长期协议，这也解释了其软件和订阅销售目前的繁荣。
As a result, they have a staggering backlog of contractual orders worth $678 billion, a massive 84% year-over-year increase. This is what I have always said: enterprise customers will not abandon Microsoft.
They are making long-term deals at a faster pace than ever before, which explains the current boom in their software and subscription sales.
例如，365 Copilot 服务的付费席位数量已超过3000万，而且需求还在持续增长。此外，Microsoft 也在向新领域扩张。例如，CEO Satya Nadella 发布了全新定制设计的芯片 Maia 300，Microsoft 声称，凭借其专有的处理器设计，该芯片现在每兆瓦可处理的代码量比传统 GPU 多40%，这简单来说意味着，随着未来几年部署规模扩大，他们将能够降低电力成本，并避免出现严重的电力瓶颈。
For example, the number of paid seats for the 365 Copilot service has exceeded 30 million, and demand for it continues to increase. In addition, Microsoft is expanding into new areas as well.
CEO Satya Nadella, for example, unveiled the new custom-designed silicon chip, Maia 300, which Microsoft claims, through its proprietary processor design , is now capable of processing 40% more code per megawatt compared to traditional GPUs, which simply means they will be able to reduce electricity costs and avoid major power bottlenecks as deployments scale up in the coming years.
这是人工智能领域一项非常重要的发展。我明白，当前的估值可能算不上便宜。但当我们看到他们年复一年实现的惊人财务数据，以及他们的 GAAP 评级仍略低于行业平均水平——这多少有些不寻常——我认为即便在这种情况下，这只股票仍然是一个极佳的投资机会。
This is a very important development in the field of artificial intelligence. Now, I realize that the current valuation may not be considered cheap. But when we look at the amazing financial figures they are achieving year after year, and the fact that their GAAP rating is still slightly below the industry average, which is somewhat unusual, I think the stock is still an excellent investment opportunity even in this case.
在我看来，Microsoft 的股价理应轻松高于其他股票。因此，这一情况并未发生，说明市场对这家科技巨头可能仍有些犹豫。
In my opinion, Microsoft stock should easily trade at a much higher price than other stocks. Therefore, the fact that this has not happened suggests that the market may still be somewhat hesitant towards this tech giant.
所以，对我来说，目前 Microsoft 是我最大的投资之一。我对这项工作印象非常深刻。他们甚至支付了不多但不断增长的利润。
Therefore, for me, at the moment, Microsoft stock is one of my biggest investments. I am very impressed with this work . They even pay small but increasing profits.
考虑到这家公司的规模和安全性，我认为我会在我们的名单中把它排在略高于 Meta 的位置。
Given the company's size and security, I think I would place it slightly higher than Meta in our list.
不过，我觉得有意思的是，我个人持有并强烈看好的只有两只股票，它们占据了我们名单的首位，那就是 Microsoft 和 Meta，而它们也是目前唯一没有出现大幅下跌的两只股票。
However, I find it interesting that the only two stocks I personally own and strongly prefer, and which occupy the top spot on our list , are Microsoft and Meta , and they are the only two stocks that are not currently experiencing a significant decline.
虽然有人可能会说另外三只股票略便宜一些，至少考虑到它们目前的下跌和通常的交易水平是这样。但在这个具体情况下，我认为整体实力才是这份名单上最重要的。而且显然，我在 Microsoft 和 Meta 身上清楚地看到了这一点。
While some might argue that the other three stocks are slightly cheaper, at least given their current downturns and usual trading levels. But in this particular case, I think overall strength is the most important thing on this list.
And certainly, I see that clearly with Microsoft and Meta.
这个频道对 $MSFT 的历次判断
Ale's World of Stocks 在这只股票上共 4 条判断，这里只列相邻的几条。