“若GPU管够,增速早超40%!”微软电话会回应市场担忧:我们缺产能,不缺订单

华尔街见闻
Jan 29

1月29日,微软发布了2026财年第二季度财报,尽管营收(813亿美元)和每股收益(4.14美元)双双超出华尔街预期,但盘后股价却一度下挫超6%。市场的情绪矛盾点在于:微软正在以前所未有的速度烧钱,但云业务的增速似乎没有跟上烧钱的节奏。财报显示,微软本季度资本支出同比激增约66%,达到创纪录的375亿美元。与之形成对比的是,Azure云业务营收增长39%(按固定汇率计算为38%)。虽然这一数字依然...

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