---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40151137.md"
description: "$Microsoft(MSFT.US) Microsoft's advantage isn't having the most aggressive narrative, but rather holding all three key lines of business—enterprise software, cloud, and AI infrastructure—in its own hands. What the market is most concerned about right now is essentially one thing: can Azure's growth rate continue to prove that the high capex is justified?I believe it can this time. This earnings report is highly likely to show a slight beat, relatively strong Azure performance, and management maintaining a positive tone. In other words, revenue and EPS might not be an exaggeratedly large surprise, but as long as Azure can hit close to 39% and management doesn't send clear signals of weakening demand, slowing commercialization, or delayed returns, the market will be more willing to accept Microsoft's current high level of investment.I think the market's purely emotional concerns about high capex have already been digested for over a quarter. Now, it's not that people are completely unconcerned about excessive spending, but they are increasingly inclined to accept a premise: as long as Azure and AI-related revenue can continue to prove that the demand is real, the money Microsoft is spending now is not inefficient expansion, but rather securing future capabilities and positioning in advance (this point is actually similar for $Alphabet(GOOGL.US) and $Amazon(AMZN.US) as well).Enterprise software, cloud, and AI infrastructure are inherently within the same system at Microsoft. It is easier for Microsoft than for many companies to truly integrate models, computing power, and enterprise customer budgets. Other companies might only have the model, or only the cloud, or only a specific application entry point, but Microsoft holds all these lines together. This determines that it is easier for Microsoft to convert AI demand into real revenue, rather than just staying at the conceptual level."
datetime: "2026-04-23T18:57:11.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40151137.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40151137.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40151137.md)
author: "[牛猫招财](https://longbridge.com/en/profiles/15691097.md)"
---

# $Microsoft(MSFT.US) Microsoft's advantage isn't ha…


### Related Stocks

- [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md)
- [002245.CN](https://longbridge.com/en/quote/002245.CN.md)
- [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md)
- [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md)
- [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md)
- [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md)
- [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md)
- [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md)
- [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md)
- [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md)
- [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md)
- [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md)
- [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md)
- [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md)

## Comments (2)

- **涅槃重生 · 2026-04-23T20:38:55.000Z**: Doubao, analyze Microsoft and give it a try.
- **靠复利财富自由 · 2026-04-23T19:07:14.000Z · 👍 1**: Hope it doesn't crash again, and returns to its previous high soon,