---
title: "阿克曼在關於人工智能增長的辯論中對微軟進行了重大押注"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/287003357.md"
description: "比爾·阿克曼已將投資從 Alphabet 轉向微軟，理由是微軟的估值具有吸引力且人工智能增長強勁。微軟第三季度的收入增長了 18%，達到 828.9 億美元，Azure 增長了 40%，人工智能收入達到 370 億美元的年化水平，同比增長 123%。然而，計劃在 2026 年進行 1900 億美元的資本支出引發了對自由現金流和與谷歌雲競爭的擔憂"
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)
---

# 阿克曼在關於人工智能增長的辯論中對微軟進行了重大押注

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.

### 相關股票

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

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