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大行評級|高盛:重申微軟“買入”評級 相信其有能力抓住一些長期趨勢
高盛分析師Kash Rangan與Gili Naftalovich近日發佈報告,指出儘管近期有報道稱微軟可能推遲或取消某些 AI數據中心租約,但高盛依然對微軟持樂觀態度,並維持其資本開支預測不變。微軟近期迴應將堅持其超過800億美元的資本支出計劃,但將在某些領域進行策略性調整或放緩基礎設施建設。高盛表示,微軟在雲端堆棧的各個層面(應用程序、平臺、基礎設施)都擁有強大的實力,因此,高盛認爲微軟有能力抓住一些長期的趨勢,例如生成型AI、公有雲消費、SaaS、數位轉型、AI/ML、商業智慧/分析、DevOps等。高盛重申了對微軟的“買入”評級,維持對2025和2026財年的資本支出估算,分別爲88億美元和91億美元。隨着微軟雲端業務年化收入接近1000億美元,其營運槓桿效應將持續推動每股盈餘增長,預計到2028財年,EPS將會翻倍。
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