--- title: "一個千載難逢的投資機會：這是五月份買入並長期持有的一隻人工智能（AI）股票" description: "微軟在人工智能和雲計算領域的強勁表現，以及其令人印象深刻的財務靈活性，使其成為一個引人注目的長期投資。該公司整合了人工智能功能，如智能助手 Copilot，推動了生產力，並吸引了大客户。儘管估值較高，但微軟在股東回報方面的歷史表現以及作為科技行業表現優異股票的地位，使其成為投資者的一個吸引人選擇" type: "news" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/204402329.md" published_at: "2024-05-19T17:13:17.000Z" --- # 一個千載難逢的投資機會：這是五月份買入並長期持有的一隻人工智能（AI）股票 > 微軟在人工智能和雲計算領域的強勁表現，以及其令人印象深刻的財務靈活性，使其成為一個引人注目的長期投資。該公司整合了人工智能功能，如智能助手 Copilot，推動了生產力，並吸引了大客户。儘管估值較高，但微軟在股東回報方面的歷史表現以及作為科技行業表現優異股票的地位，使其成為投資者的一個吸引人選擇 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中國雲算](https://longbridge.com/zh-HK/quote/02826.HK.md) - [SKYY.US - 雲計算股指數 ETF - First Trust](https://longbridge.com/zh-HK/quote/SKYY.US.md) - [CP00055.US - 雲計算](https://longbridge.com/zh-HK/quote/CP00055.US.md) - [MSFT.US - 微軟](https://longbridge.com/zh-HK/quote/MSFT.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | TCI Fund Management Ltd Boosts Microsoft Stake by 189,749 Shares | TCI Fund Management Ltd, led by Christopher Anthony Hohn, has increased its Microsoft stake by 189,749 shares. Microsoft | [Link](https://longbridge.com/zh-HK/news/276296813.md) | | Moore Capital Management LP Cuts 347,092 Microsoft Shares | Moore Capital Management LP has reduced its Microsoft shares by 347,092. Despite recent volatility, Microsoft remains up | [Link](https://longbridge.com/zh-HK/news/276406322.md) | | Atreides Management, LP Boosts Microsoft Stake by 181,468 Shares | Atreides Management, LP has increased its stake in Microsoft by 181,468 shares. Despite recent volatility, Microsoft sha | [Link](https://longbridge.com/zh-HK/news/276406472.md) | | Microsoft Corporation $MSFT Stake Increased by Delta Financial Advisors LLC | Delta Financial Advisors LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 15.9% in Q3, now holding 34,3 | [Link](https://longbridge.com/zh-HK/news/276207673.md) | | Two Creeks Capital Management boosts Microsoft stake by 26,466 shares | Two Creeks Capital Management has increased its Microsoft stake by 26,466 shares. Despite recent volatility, Microsoft s | [Link](https://longbridge.com/zh-HK/news/276296492.md) | --- > **免責聲明**：本文內容僅供參考，不構成任何投資建議。