Joseph Carlson After Hours 对 $MSFT 的判断变化

频道资料 →本频道有 2 位标注的说话人：Michael Burry、Wall Street Journal article共 3 条

2026-09-28看涨

《Google Has Fallen Behind》

接下来是微软。这个是第七名。一个1.9万美元的仓位，盈利5.5万美元。到目前为止，它的远期市盈率是26倍。这些数字并不贵。

Next up, we have Microsoft. This one is number seven. a $19,000 position, 55K in the green. So far, it's trading at a 26 forward PE ratio. These are not expensive numbers.

过去很少有时期，一群如此强大、拥有如此多分销渠道、增长如此之快的公司——收入增长接近20%——以20倍出头的市盈率交易。我真的没见过这样的情况。当投资者再次对它们感到兴奋时，这些公司会被重新估值到更高水平。

There hasn't been many time periods in the past where a group of companies this powerful with this much distribution growing this quickly. High teens revenue growth have been trading in the mid to low 20s PE ratio.

I've really not seen anything like this. These companies will get rerated higher when investors become excited about them again.

看原视频15:55

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2026-08-26看跌

《Meta Wins A Massive Strategic Victory》Wall Street Journal article

MSFT 在 Azure 增长和成本方面的不透明报告是一个重大缺陷；尽管对次要业务有详细披露，但投资者仍难以了解其主要增长引擎的情况。

这篇来自《华尔街日报》的文章详细描述了微软如何让投资者难以理解他们实际在做什么，他们的资本支出成本是多少，以及他们的融资成本是多少。

This article from the Wall Street Journal details how Microsoft is making it difficult for investors to understand what they're actually doing, what their CapEx costs are, what their financing costs are.

这篇也是来自《华尔街日报》。他们说微软让投资者在其AI业务的三个关键驱动因素——云计算、资本支出以及与OpenAI的关系——方面处于盲目状态。公司的披露远低于投资者所需的信息。

This one is from The Wall Street Journal. They say that Microsoft is leaving investors flying blind on its AI business across three critical drivers of the AI future, cloud computing, capital expenditures, and its relationship with OpenAI.

The company disclosures fall well short of what investors need.

看原视频00:51

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2026-08-24看涨

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