微软仍具吸引力，得益于Azure强劲增长（1000亿美元业务，同比增长43%）、Copilot采用率提升（3000万席位）以及持续的正现金流。
逐段跳播
我们通常看到Amazon Web Services、Microsoft Azure和Google Cloud在未来两年内控制着类似的AI实验室计算支出组合，然后这种向backs停止基础设施的转变才会开始。
we generally see Amazon Web Services, Microsoft Azure and Google Cloud controlling a similar mix of AI lab compute spend in the next 2 years before this shift to backs stopped infrastructure kicks in.
也就是说，Amazon、Microsoft和Google现在对其实验室有定价权，但之后，这种定价权护城河可能会消失。
Aka Amazon, Microsoft and Google have pricing power now for their labs, but after that that pricing power moat might go away.
呃，在这里做一个完整的免责声明，为了避免疑虑，关于敞口，我对Anthropic没有任何敞口。我对Anthropic或Open AI没有任何风险投资敞口。嗯，我确实对Microsoft和Meta有一点敞口，两者都有。呃，不是对Google和Amazon。
Uh, and just in like full disclaimer here because for just like an avoidance of doubt of of like exposure, I don't have any exposure to Anthropic. I don't have any like venture capital exposure to anthropic or open AI. Um, I do have a little bit of exposure to Microsoft and Meta, both of those. uh and not to Google and Amazon.
我的意思是，我不是在试图展示Microsoft。你也会接触到那个。
I mean, I'm not trying to show Microsoft. You're going to get exposure to that one, too.
Microsoft在财报后以爆炸性的反弹结束了夏天，但过去几周它一直与大盘一起停滞不前。这可能让至少一位超级多头在当天最大的两个期权交易中感到有些不安。
Microsoft ended the summer with an explosive rally on earnings, but it's been stuck alongside the broad market the past several weeks. And that might be giving at least one mega bull some cold feet in two of the biggest options trades of the day.
看起来有人平掉了两个看涨价差。一个595705价差价值1900万美元，另一个610725价差价值约1700万美元。该交易涉及超过30000份看涨期权合约，总贷方金额约3600万美元。
这些合约仍然深度虚值，但到期日是2027年12月。所以，这不仅因为它们是今天整个交易量中最大的三笔交易中的两笔而有趣，还因为它们仍有充足的时间运作，但持有者选择在股价对他们不利的一天退出。
It looks like someone closed out two bullish call spreads. A 595705 spread worth $19 million and a 610725 worth about 17 million. The trade spanned more than 30,000 call contracts for a total credit of about $36 million. Now, these were still very far out of the money contracts, but they also were for December 2027 expiry. So, it's interesting not just because they were two of the top three biggest trades on the entire tape today, but because they still had plenty of time to work, but the owner chose to bail instead on a day the stock is going against them.
Jason Snipe，你确实持有微软。目标价今天从500上调至600。重申买入，美国银行。所以，我认为对我来说，Azure现在是一个千亿美元的业务，对吧？上个季度刚刚突破。Azure收入同比增长43%，Copilot采用率正在提高，有3000万付费席位。
所以，我继续看好这只股票。它现在今年转为正值，上涨约4%。显然之前是一种放纵，但我喜欢。
Jason Snipe, you do own Microsoft. Target today to 600 from 500. Reiterated a buy Bank of America. So, I I think you know for me on Azure, Azure is now a hundred billion dollar business, right? Just crossed over that in the last quarter. Um, you know, Azure revenue was up 43% year-over-year and co-pilot adoption is improving 30 million paid seats. So, I continue to like this stock. It's now positive on the year up around 4%. It's obviously was an indulgence previous to that but I like
财报是重置，这只股票之前没有任何动作。我觉得在他们交付之后，股票感觉像是获得了投资者们一直在寻找的下一波上涨，我想。
earnings was the reset this stock hadn't done anything and I feel like after they delivered the stock feels like it it got that next leg that investors like you were looking for I think
我认为大幅上涨的原因是，谢谢你们，自那以来27%，是Copilot的数据，对吧？那些数据很重要，但还需要，而且他们将继续保持正现金流，对吧？我们从Amy那里听到了这一点。所以，我认为这将持续推动股价。
自财报以来股价实际上没有太大变动，但我确实认为你会接受27%。所以，现在是500。他们看到它会涨到600。
I think that the reason for the the significant uptick was Thank you guys 27% since then, right, was the co-pilot numbers, right? Those those were significant, but there needs to be and and they're going to remain cash flow positive, right? We heard from Amy on that. So, I think that's going to be what's going to continue to push the stock. It hasn't moved really that much since earnings, but I do think you'll take 27%. So, it's 500. They'd see it going to six.
这个频道对 $MSFT 的历次判断
Meet Kevin 在这只股票上只有这一条判断。