Microsoft Azure Miss To Lead To Dip In AI Stocks, But The Trade Remains Strong, Predicts Gene Munster — Increased Redmond Capex 'Good News' For Nvidia, TSMC
Microsoft Azure Miss To Lead To Dip In AI Stocks, But The Trade Remains Strong, Predicts Gene Munster — Increased Redmond Capex 'Good News' For Nvidia, TSMC
Deepwater Asset Management's Managing Partner Gene Munster has forecasted a potential downturn in AI stocks due to Microsoft Corp's (NASDAQ:MSFT) Azure underperformance. Despite this, Munster remains optimistic about the AI sector's future.
Deepwater资产管理的管理合伙人Gene Munster预测由于微软公司（NASDAQ: MSFT）的Azure表现不佳，人工智能股票可能会面临潜在的下跌。尽管如此，Munster对人工智能板块的未来保持乐观。
What Happened: Munster took X to share his insights on the impact of Microsoft's fourth-quarter financial results, released on Tuesday. He expects the AI stocks to decline in response to the Azure growth falling short of expectations.
Munster带X分享了微软于周二发布的第四季度财报对市场的影响。他预计，由于Azure增长不及预期，人工智能板块股票将会出现下跌。
However, Munster is confident in the long-term prospects of the AI industry, citing the continued heavy investment in big tech infrastructure, particularly Microsoft's Capex, which stood at $13.8 billion, a 55% YoY increase. "While AI stocks will likely be down tomorrow on the Azure's miss, I believe the AI trade is intact," he wrote.
然而，Munster对长期的人工智能行业前景充满信心，他提到大型技术基础设施的持续重投资，特别是微软的资本支出，为138亿美元，同比增长55%。他写道：“虽然由于Azure规模没有达到预期，人工智能板块的股票明天可能会下跌，但我认为人工智能交易仍然是完好无损的。”
Munster particularly highlighted Microsoft, Google's parent company Alphabet Inc. (NASDAQ:GOOGL), (NASDAQ:GOOG), NVIDIA Corp. (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), and Meta Platforms Inc. (NASDAQ:META) among the AI stocks.
Munster特别关注了人工智能领域的几家公司，包括微软、谷歌的母公司Alphabet Inc. (Nasdaq：GOOGL, Nasdaq：GOOG)、英伟达股份公司（Nasdaq：NVDA）、苹果公司（Nasdaq：AAPL）和meta platforms股份公司（Nasdaq：META)。
While AI stocks will likely be down tomorrow on the Azure's miss, I believe the AI trade is intact. Big tech infrastructure spending continues to push down harder on the AI spring. Microsoft's critical Capex number was $13.8B, 5% higher than the Street and up 55% YoY.$MSFT,...
— Gene Munster (@munster_gene) July 30, 2024
由于Azure规模没有达到预期，人工智能板块的股票明天可能会下跌，但我认为人工智能交易仍然是完好无损的。大型技术基础设施支出将进一步推动人工智能产业的发展。微软的关键资本支出数字达到了138亿美元，比街上预期高出5%，同比增长55%。
— Gene Munster (@munster_gene) 2024年7月30日
The Azure underperformance led to a drop in Microsoft's stock during after-hours trading on Tuesday, as reported by Reuters.
据路透社报道，由于Azure表现不佳，微软股票在周二的盘后交易中下跌。
Munster also noted that the increase in Capex, particularly Microsoft's 51% YoY rise, could potentially impact margins in the short term but ultimately drive them higher in the long term. He suggested that this could be good news for companies like Nvidia and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) in 2024.
Munster还指出，Capex的增加，特别是微软51%的年同比增长，可能会在短期内对利润率产生影响，但最终会促使利润率上升，这可能对英伟达和台积电制造公司（NYSE:TSM）有好消息。
More capex is a good thing. $MSFT Capex up 51% YoY may pressure margins in the near-term, and long-term push them higher.
— Gene Munster (@munster_gene) July 30, 2024
Good news for $NVDA, $TSM in 2024.
更多的资本支出是好事。 微软的Capex同比增长51%，可能会在短期内对利润率产生影响，但长期上推动利润率上升。
— Gene Munster (@munster_gene) 2024年7月30日
这对2024年的英伟达和台积电股份公司是个好消息。
Why It Matters: Microsoft's fourth-quarter results, which were released after the market closed on Tuesday, revealed a revenue of $64.7 billion, a 15% YoY increase, beating the Street's consensus estimate of $64.36 billion. Despite this, the Azure growth missed expectations, impacting the company's stock.
为什么重要：微软的第四季度财报于周二收盘后发布，显示营业收入为647亿美元，同比增长15%，高于市场的共识预期643.6亿美元。尽管如此，Azure的增长仍然未达预期，影响了公司的股价。
Microsoft's stock was already under scrutiny earlier in the day due to a Microsoft 365 outage that affected various services and features.
由于影响了各种服务和功能，微软365故障于当天早些时候已经受到了审查。
Microsoft's performance is particularly significant as it sets the tone for the tech industry's earnings season, with other tech giants like Apple Inc. (NASDAQ:AAPL) and Amazon.com Inc. (NASDAQ:AMZN) also reporting their quarterly earnings this week.
微软的表现尤为重要，因为它为科技行业的盈利季奠定了基调，包括苹果公司（Nasdaq：AAPL）和亚马逊公司（Nasdaq：AMZN）等其他科技巨头本周也将发布季度财报。
Price Action: Microsoft Corp's stock closed at $422.92, down 0.89% on Tuesday. In after-hours trading, the stock fell further 2.72%. Despite this, the stock has risen 14.03% year to date, according to data from Benzinga Pro.
根据Benzinga Pro的数据，微软公司的股票周二收于422.92美元，下跌0.89%。在盘后交易中，股票进一步下跌了2.72%。但根据Benzinga Pro的数据，微软公司的股票已经在今年累计上涨了14.03%。
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Image Via Shutterstock
图片来自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本报道使用Benzinga Neuro生成，并由Kaustubh Bagalkote