Microsoft's AI Play Is Silver Lining In Cloudy Quarter: JPMorgan
Microsoft's AI Play Is Silver Lining In Cloudy Quarter: JPMorgan
Microsoft Corp (NASDAQ:MSFT) is navigating some choppy waters this fiscal Q4, but if there's one thing shining brightly through the clouds, it's their bet on AI.
微軟公司（納斯達克股票代碼：MSFT）在本財年第四季度正在波濤洶湧的水域中航行，但如果有一件事在雲層中閃耀着明亮的光芒，那就是他們對人工智能的押注。
According to JPMorgan analyst Mark R. Murphy, Microsoft is facing a mixed bag of results, with some partner metrics slipping, but its AI strategy is showing immense promise.
摩根大通分析師馬克·墨菲表示，微軟面臨的業績好壞參半，一些合作伙伴指標有所下滑，但其人工智能戰略顯示出巨大的希望。
A Slight Miss, But No Cause For Panic
略有失誤，但沒有理由驚慌
Murphy's recent survey reveals that Microsoft's partners ended "0.7% below plan," a noticeable dip from the previous quarter's "+2.6%." This drop reflects some "undesirable" trends, but it's not all doom and gloom. Murphy reassures investors that the decline may be "temporary and manageable."
墨菲最近的調查顯示，微軟的合作伙伴收盤 “比計劃低0.7％”，與上一季度的 “+2.6％” 相比明顯下降。這種下降反映了一些 “不可取” 的趨勢，但並不全是厄運和憂鬱。墨菲向投資者保證，下跌可能是 “暫時的、可控的”。
Despite the slip, there's good news: Microsoft's growth expectations remain robust. Partners expect their Microsoft practices to grow by "12.2% in CY24," a solid projection that underscores the company's long-term resilience.
儘管下滑，但也有好消息：微軟的增長預期仍然強勁。合作伙伴預計，他們的微軟業務將 “在24財年增長12.2％”，這一穩健的預測凸顯了公司的長期彈性。
AI: Microsoft's Golden Ticket
人工智能：微軟的黃金門票
While some metrics falter, Microsoft's AI ventures are thriving. Murphy highlights that AI is the "single biggest trend of the quarter," with more than 60% of partners recognizing its transformative potential. Microsoft's M365 Copilot and Azure OpenAI Service are leading the charge, consistently ranking among the top products in terms of momentum.
儘管一些指標步履蹣跚，但微軟的人工智能事業正在蓬勃發展。墨菲強調，人工智能是 “本季度最大的單一趨勢”，超過60％的合作伙伴認識到其變革潛力。微軟的M365 Copilot和Azure OpenAI服務處於領先地位，就勢頭而言，一直位居頂級產品之列。
Murphy notes that "50% of partners" are giving positive feedback on M365 Copilot, describing "significant productivity gains." And although there are some hurdles like "Security/Privacy" and cost concerns, these barriers are largely seen as temporary.
墨菲指出，“50％的合作伙伴” 對M365 Copilot給予了積極的反饋，並描述了 “顯著的生產率提高”。儘管存在一些障礙，例如 “安全/隱私” 和成本問題，但這些障礙在很大程度上被視爲暫時的。
Read Also: Musk To Discuss Investing $5B in xAI After Seeing Poll Results
另請閱讀：馬斯克在看到民意調查結果後將討論向xAi投資50億美元的問題
Microsoft's Future Prospects: Betting Big on AI
微軟的未來前景：押注人工智能
Though Microsoft's stock has seen some ups and downs, Murphy is cautiously optimistic. He describes FQ1's consensus as "unusually aggressive," signaling potential challenges ahead.
儘管微軟的股票有所起伏，但墨菲持謹慎樂觀態度。他將FQ1的共識描述爲 “異常激進”，這表明未來的潛在挑戰。
But Murphy remains confident in Microsoft's strategic position, emphasizing that it is a "core beneficiary of secular software trends."
但墨菲對微軟的戰略地位仍然充滿信心，強調微軟是 “長期軟件趨勢的核心受益者”。
Microsoft – A Resilient Leader in AI
微軟——人工智能領域堅韌不拔的領導者
In the grand scheme, Microsoft's AI prowess could be its ace in the hole.
在宏偉的計劃中，微軟的人工智能實力可能是其王牌。
As Murphy aptly puts it, Microsoft is "well positioned to capitalize on a large, burgeoning opportunity in GenAI."
正如墨菲恰當指出的那樣，微軟 “完全有能力利用GenAI中一個新興的巨大機遇。”
While there are bumps along the way, the tech titan's focus on AI could solidify its status as a leader in the ever-evolving tech landscape.
儘管在此過程中遇到了一些顛簸，但這家科技巨頭對人工智能的關注可能會鞏固其在不斷變化的科技領域中作爲領導者的地位。
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