--- title: "一个千载难逢的投资机会：这是五月份买入并长期持有的一只人工智能（AI）股票" description: "微软在人工智能和云计算领域的强劲表现，以及其令人印象深刻的财务灵活性，使其成为一个引人注目的长期投资。该公司整合了人工智能功能，如智能助手 Copilot，推动了生产力，并吸引了大客户。尽管估值较高，但微软在股东回报方面的历史表现以及作为科技行业表现优异股票的地位，使其成为投资者的一个吸引人选择" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/204402329.md" published_at: "2024-05-19T17:13:17.000Z" --- # 一个千载难逢的投资机会：这是五月份买入并长期持有的一只人工智能（AI）股票 > 微软在人工智能和云计算领域的强劲表现，以及其令人印象深刻的财务灵活性，使其成为一个引人注目的长期投资。该公司整合了人工智能功能，如智能助手 Copilot，推动了生产力，并吸引了大客户。尽管估值较高，但微软在股东回报方面的历史表现以及作为科技行业表现优异股票的地位，使其成为投资者的一个吸引人选择 One of the biggest barometers of the artificial intelligence (AI) revolution is **Microsoft** (MSFT -0.18%). The Windows developer kicked off AI mania following a sizable investment in OpenAI in January 2023. OpenAI is the maker of ChatGPT, a popular large language model (LLM) capable of writing essays, producing software code, and even generating images based on text prompts. Over the last year and a half, Microsoft has integrated ChatGPT's functionality across its ecosystem -- from workplace productivity tools, social media platforms, and cloud computing. Microsoft recently reported earnings for its third quarter of fiscal 2024, ended March 31. There was a lot of optimism sprinkled throughout the earnings report, and advancements in AI were front and center. Let's unpack Microsoft's results, and explore why this "Magnificent Seven" member is a great stock to own forever. ## Microsoft's business is firing on all cylinders Microsoft is an absolute behemoth. In addition to its main growth engine in Azure cloud computing services, the company also operates across gaming, social media, and personal computing. For the three months ended March 31, Microsoft's revenue grew 17% year over year to $61.9 billion. As always, all eyes were on Azure -- and it didn't disappoint. Revenue from Microsoft Cloud clocked in at $35.1 billion, representing an increase of 23% year over year. Within the cloud segment, server products and cloud services were the main sources of growth. MSFT Revenue (Quarterly) data by YCharts What makes Microsoft such a compelling business is that revenue and profits are both soaring. By expanding its margins, Microsoft has impressive financial flexibility. At the end of the quarter, the company held $80 billion of cash and equivalents on the balance sheet. Microsoft is reinvesting its excess profits aggressively, and the company's newest generative AI application is already showing some encouraging signals. Image source: Getty Images. ## Copilot is a hidden gem During the earnings call, Microsoft CEO Satya Nadella proudly told investors that "Microsoft Copilot and Copilot stack ... are orchestrating a new era of AI transformation." Microsoft Copilot is a smart assistant that is becoming increasingly integrated throughout Microsoft's ecosystem. The underlying idea is that in just about every service Microsoft offers, more and more AI-powered features are becoming available. This is spurring a new wave of productivity across a number of use cases and market sectors for Microsoft users. In fact, Microsoft has 30,000 Copilot users as of March 31 -- an increase of 175% quarter over quarter. Microsoft Copilot has penetrated approximately 60% of the Fortune 500 and boasts customers such as **Nvidia**, **Novo Nordisk**, and **Amgen**. ## A premium valuation well worth the price Microsoft currently trades at a forward price-to-earnings (P/E) of 35.6. This is above many of its megacap tech peers, and is much higher than the **S&P 500**'s forward P/E of 20.7. MSFT Total Return Price data by YCharts The chart should shed some light as to why Microsoft stock trades at a premium. The analysis illustrates Microsoft's total return over a long-term horizon against a cohort of both megacap AI stocks and other large technology behemoths that were once considered some of the most innovative technology businesses. Microsoft is the best-performing stock in this peer group. Moreover, considering the momentum the company is witnessing thanks to its AI ambitions, I think even further gains are on the horizon. I think scooping up shares of Microsoft right now will be a good decision in the long run. The company has a proven history of generous shareholder returns, and has outperformed its competition by a hefty margin. In a way, Microsoft echoes traits of a blue chip business, given its steady revenue growth and robust cash flow. And yet at the same time, the company is still very much in growth mode. The combination of reliable top- and bottom-line growth, supplemented by a new wave of growth featuring AI, is an extremely rare combination. In my opinion, Microsoft has earned its premium valuation and is a stock that investors can hold forever. ### Related Stocks - [02826.HK - GX中国云算](https://longbridge.com/zh-CN/quote/02826.HK.md) - [SKYY.US - 云计算股指数 ETF - First Trust](https://longbridge.com/zh-CN/quote/SKYY.US.md) - [CP00055.US - 云计算](https://longbridge.com/zh-CN/quote/CP00055.US.md) - [MSFT.US - 微软](https://longbridge.com/zh-CN/quote/MSFT.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 机构 “最超配” 闪迪，“最低配” 英伟达 | 据摩根士丹利最新的统计：“机构对美国大型科技股的低配程度是 17 年来最大的” 相比 2025 年 Q4 的标普 500 指数权重，“$NVDA 仍然是机构低配程度最大的大型科技股，其次是苹果、微软、亚马逊和博通，而存储巨头闪迪则是 “最超 | [Link](https://longbridge.com/zh-CN/news/276289765.md) | | 为 AI 交易 “背书”！OpenAI 正敲定新一轮融资：以 8300 亿美元估值募资高达 1000 亿美元 | OpenAI 正以 8300 亿美元估值推进新一轮融资，目标筹集 1000 亿美元。软银拟领投 300 亿美元，亚马逊和英伟达可能各投 500 亿及 300 亿美元，微软拟投数十亿美元。本轮融资是 OpenAI 自去年秋季公司制改革以来的首 | [Link](https://longbridge.com/zh-CN/news/276298180.md) | | 美联储会议纪要暴巨大分歧：一些官员支持进一步降息，一些暗示加息可能 | 一些（Several）与会者支持利率指引中用 “双向” 表述，反映若通胀持续高于 2%，可能适合加息；另一些人认为，若通胀如预期下降可能适合进一步降息；大多数人警告，通胀下行进程可能比预期更慢、更不均衡；绝大多数认为，近几个月就业下行风险缓 | [Link](https://longbridge.com/zh-CN/news/276287943.md) | | TCI 基金管理有限公司增持了 189,749 股微软股份 | TCI Fund Management Ltd，由 Christopher Anthony Hohn 领导，已增加其在微软的持股 189,749 股。微软的股票经历了波动，最近下跌了 18%，但仍显示出温和的年同比增长。分析师们对其维持强烈 | [Link](https://longbridge.com/zh-CN/news/276296813.md) | | 摩尔资本管理公司减持了 347,092 股微软股票 | Moore Capital Management LP 已减少其微软股份 347,092 股。尽管近期波动较大，微软在过去一年中仍然上涨，华尔街维持强力买入评级，目标价约为 600 美元。看涨者指出强劲的 Azure 增长和对人工智能的需求 | [Link](https://longbridge.com/zh-CN/news/276406322.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。