---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000435697.md"
description: "I think the skepticism toward Microsoft is justified when you look at the underlying mechanics of their growth. With OpenAI reportedly accounting for a 45% of Microsoft’s RPO, the concentration risk is a massive red flag.Furthermore, Microsoft’s growth is fueled by circular financing, they invest in OpenAI, for them to cycled back into Azure revenue. If you strip away this round-tripping, Microsoft's organic growth is way lower. Whereas Meta’s AI spending is internal, and their double digit revenue and profit growth are driven by their core advertising business."
datetime: "2026-01-30T05:05:49.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000435697.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000435697.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000435697.md)
author: "[bulltothemoon](https://longbridge.com/en/profiles/24744755.md)"
generator: "portal-rs"
---

# I think the skepticism toward Microsoft is justifi…


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**