微软创全球股市单日市值涨幅之最
财联社7月31日讯（编辑 潇湘）微软公司在周四缔造了全球股市的一项新纪录其市值单日增加了4500亿美元成为有史以来单日市值增长幅度最大的公司。
这家位于美国华盛顿州的公司股价在周四飙升近16%，创下了自2008年10月以来最大的涨幅。
根据业内汇总的数据，单日市值涨幅达到4500亿美元的这一数字超越了英伟达去年4月所创造的前纪录，当时在美国总统特朗普宣布暂停关税90天后，英伟达单日市值增加了4400亿美元。
4500亿美元的市值变化幅度有多夸张？根据统计，这一数字已大于标普500指数中约96%成份股的市值。这也要大于该基准指数中41家最小成分股的市值总和，其中包括达美乐比萨、高乐氏和孩之宝等公司。
微软单日增加的市值也让世界上许多其他股票市场相形见绌，南非、土耳其、芬兰和越南的总股市市值都低于这家软件巨头在周四增加的幅度。
值得一提的是，微软在周四完成了股价的飙升，这一情况发生在该公司报告其Azure云业务在第四财季收入飙升43%之后，这一数字创下了自2022年初以来的最大增幅，微软还表示在扣除财务规则变化的影响后其2026年的资本支出计划保持不变。
与微软在同一天发布财报的Meta，则处于了完全不同的处境之中。
Meta is expected to report negative free cash flow for the first time since its 2012 IPO as the parent company of Instagram this year. After the outlook was released its stock price fell 8 percent. Meta has now recorded the longest consecutive decline in its history with 11 consecutive trading days.
分析人士表示，投资者对Meta和微软所表现出的截然不同的反应，暗示了华尔街将如何回答处于AI交易核心的一个问题。
In the five largest-scale cloud service providers in artificial intelligence, Amazon, Oracle, Alphabet, Meta and Microsoft, Microsoft relies far less on debt compared to its peers. In the previous quarter, the total free cash flow of the company reached 196 billion US dollars, while this figure for Meta was less than 8 billion US dollars.
Microsoft's earnings results provided new evidence that its massive investments in artificial intelligence have begun to deliver returns. This development helps ease investors' concerns that the substantial expenditures on data centers and computing infrastructure could exceed the actual needs.
Brian Mulberry, chief market strategist at Zacks Investment Management, stated that the quarterly earnings released by Microsoft were exceptionally strong and that the overall tone aligned with market expectations, since the key drivers of growth stemmed from its cloud computing and artificial intelligence divisions.
今年以来，微软的股价表现落后于其“七巨头”同行。截至周三收盘，其股价曾一度下跌超过18%。但眼下，至少已有九家券商上调了该股票的目标价，平均目标价为560.90美元，较周四收盘价451.10美元高出24%。
根据Visible Alpha的数据，微软预计按固定汇率计算的Azure收入在当前财季有望进一步增长45%，远高于分析师预期的40.92%的增幅。Direxion资本市场主管Jake Behan表示，关键问题是，微软能否将讨论的焦点从人工智能的支出转移到这些投资的收益上，而结果表明，它取得了实质性进展。
高盛：微软正步入“正反馈循环”
Goldman Sachs analyst Gabriela Borges said that Microsoft is sending clearer signals to investors that it has multiple avenues to convert its AI investment into revenue.
Gabriela Borges noted that more and more signs are indicating that Microsoft is capable of flexibly applying various means of monetization in ways that were previously not as obvious, and she maintained a buy rating on the stock while raising her 12-month price target by nearly 5 percent to 640 dollars.
Borges said that one of the reasons Microsoft has been viewed negatively over the past six to twelve months is that the Copilot product has not yet reached the level it should. However, she added that the quality of the product is improving, and the growing number of users is helping to form a positive feedback loop.
Borges described Microsoft as a value-reassessment target amid the dominance of Alphabet in enterprise-level AI applications. On Wednesday, Microsoft reported that the number of paid users for its 365 Copilot has exceeded 30 million, compared with about 20 million three months ago, indicating that the adoption rate of its flagship AI assistant continues to rise within enterprises.
Borges said that Microsoft had been in a period of stagnation for several quarters in a row, during which investors generally assumed that Google was ahead. However, she emphasized that the next 12 months would prove that the gap between the two had not been as large as people imagined, and that Microsoft had already made considerable breakthroughs behind the scenes.
Borges acknowledged that the broad application of Copilot is currently still in the early exploration phase. She compared this moment to the process of throwing spaghetti at the wall to feel for the best product-market fit. Nevertheless she expressed full confidence in the increasing maturity of its application scenarios.
Gabriela Borges stated that six months later and one year later and even with reference to Goldman Sachs own experience in the past 12 months they would be able to see how these tools would help our daily work and make corresponding progress.
来源：一夜扫尽AI阴霾！微软创全球股市单日市值涨幅之最 | 财联社
