AI投资进入“交卷期”,微软变现执行力将决定科技股下半场定价

智通财经
Yesterday

微软(MSFT.US)将于1月28日公布2026财年第二季度业绩,市场预期营收为 802.3 亿美元,有望增长 15.2%;预期每股收益为 3.88 美元,同比增长 20.1%。市场对微软即将发布的财报预期,重点已不在于整体业绩是否能超出预期,而在于其在云业务增长、AI货币化及利润率方面的执行力表现。虽然普遍预期看似可以达到,但微软的估值敏感性及其"拥挤"的持仓结构,意味着股价要获得持续正面反应的...

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