---
title: "阿克曼在关于人工智能增长的辩论中对微软进行了重大押注"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/287003357.md"
description: "比尔·阿克曼已将投资从 Alphabet 转向微软，理由是微软的估值具有吸引力且人工智能增长强劲。微软第三季度的收入增长了 18%，达到 828.9 亿美元，Azure 增长了 40%，人工智能收入达到 370 亿美元的年化水平，同比增长 123%。然而，计划在 2026 年进行 1900 亿美元的资本支出引发了对自由现金流和与谷歌云竞争的担忧"
datetime: "2026-05-20T04:11:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287003357.md)
  - [en](https://longbridge.com/en/news/287003357.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287003357.md)
---

# 阿克曼在关于人工智能增长的辩论中对微软进行了重大押注

Ackman’s bold rotation: Bill Ackman shifted capital from Alphabet to Microsoft, citing attractive valuation and strong AI growth despite the stock's recent underperformance. Earnings beat expectations: Fiscal Q3 revenue rose 18% to $82.89B, Azure grew 40%, and AI revenue hit a $37B run rate, up 123% year over year. Capex fuels debate: Planned $190B 2026 capital spending raises questions over free cash flow and competitive positioning against faster-growing rivals like Google Cloud.

### 相关股票

- [MSFX.US](https://longbridge.com/zh-CN/quote/MSFX.US.md)
- [MSFU.US](https://longbridge.com/zh-CN/quote/MSFU.US.md)
- [MSFL.US](https://longbridge.com/zh-CN/quote/MSFL.US.md)
- [MSFO.US](https://longbridge.com/zh-CN/quote/MSFO.US.md)
- [MSFT.US](https://longbridge.com/zh-CN/quote/MSFT.US.md)
- [GOOGL.US](https://longbridge.com/zh-CN/quote/GOOGL.US.md)
- [GOOG.US](https://longbridge.com/zh-CN/quote/GOOG.US.md)

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