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資產管理的管理合夥人Gene Munster預測由於微軟公司（NASDAQ: MSFT）的Azure表現不佳，人工智能股票可能會面臨潛在的下跌。儘管如此，Munster對人工智能板塊的未來保持樂觀。
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帶X分享了微軟於週二發佈的第四季度業績對市場的影響。他預計，由於Azure增長不及預期，人工智能板塊股票將會出現下跌。
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對長期的人工智能行業前景充滿信心，他提到大型技術基礎設施的持續重投資，特別是微軟的資本支出，爲138億美元，同比增長55%。他寫道：“雖然由於Azure規模沒有達到預期，人工智能板塊的股票明天可能會下跌，但我認爲人工智能交易仍然是完好無損的。”
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特別關注了人工智能領域的幾家公司，包括微軟、谷歌的母公司Alphabet Inc. (Nasdaq：GOOGL, Nasdaq：GOOG)、英偉達股份公司（Nasdaq：NVDA）、蘋果公司（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
由於Azure規模沒有達到預期，人工智能板塊的股票明天可能會下跌，但我認爲人工智能交易仍然是完好無損的。大型技術基礎設施支出將進一步推動人工智能產業的發展。微軟的關鍵資本支出數字達到了138億美元，比街上預期高出5%，同比增長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.
據路透社報道，由於Azure表現不佳，微軟股票在週二的盤後交易中下跌。
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還指出，Capex的增加，特別是微軟51%的年同比增長，可能會在短期內對利潤率產生影響，但最終會促使利潤率上升，這可能對英偉達和台積電製造公司（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.
更多的資本支出是好事。 微軟的Capex同比增長51%，可能會在短期內對利潤率產生影響，但長期上推動利潤率上升。
— Gene Munster (@munster_gene) 2024年7月30日
這對2024年的英偉達和台積電股份公司是個好消息。
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.
爲什麼重要：微軟的第四季度業績於週二收盤後發佈，顯示營業收入爲647億美元，同比增長15%，高於市場的共識預期643.6億美元。儘管如此，Azure的增長仍然未達預期，影響了公司的股價。
Microsoft's stock was already under scrutiny earlier in the day due to a Microsoft 365 outage that affected various services and features.
由於影響了各種服務和功能，微軟365故障於當天早些時候已經受到了審查。
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.
微軟的表現尤爲重要，因爲它爲科技行業的盈利季奠定了基調，包括蘋果公司（Nasdaq：AAPL）和亞馬遜公司（Nasdaq：AMZN）等其他科技巨頭本週也將發佈季度業績。
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.
根據Benzinga Pro的數據，微軟公司的股票週二收於422.92美元，下跌0.89%。在盤後交易中，股票進一步下跌了2.72%。但根據Benzinga Pro的數據，微軟公司的股票已經在今年累計上漲了14.03%。
Kamala Harris: 'The Will Of The Venezuelan People Must Be Respected' As Socialist Nicolás Maduro Faces Toughest Test At The Ballot In Decades
Kamala Harris："必須尊重委內瑞拉人民的意志"，社會主義領袖尼古拉斯·馬杜羅（Nicolas Maduro）在幾十年來面臨最嚴峻的投票考驗。
Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote