《If You’re a Microsoft Shareholder Right Now… Get Ready! $MSFT (Massive Upside?)》
MSFT 比以往任何时候都更强大——Azure 增长 40% 以上且需求未被满足，Copilot 坐席达 3000 万——但如今它必须把庞大的 AI 资本开支转化为类软件的高利润。在 533 美元价位，预期 10 年平均回报约 12.9%（低点 4%，高点 21.5%）；若要求 15% 的回报率，则对应平均买入价为 450 美元。
微软的股价大幅上涨，短短两个半月内涨幅就超过了30%。这里令人惊喜的是，这轮上涨并非媒体炒作的结果，而是因为微软在人工智能上的巨额投入已经开始见效。
Microsoft's stock has risen dramatically, exceeding 30% in just two and a half months. The pleasant surprise here is that this rise was not a result of media hype, but rather because Microsoft's huge investment in artificial intelligence is already paying off.
它的云计算业务年收入已超过1000亿美元，需求如此强劲，以至于公司无法满足这一不断增长的需求。随着财报公布日期临近，我们赶在公布之前深入了解一下细节。
Its cloud computing business has exceeded $100 billion annually, and demand is so strong that the company is unable to meet this growing demand. With the earnings announcement date approaching, let's delve into the details before the announcement.