云业务是拉动微软业绩增长的主要引擎。2025财年，微软云业务总体营收为1689亿美元，实现23%的增幅；同期，Azure的年收入超过了750亿 美元，同比增长34%。 刚刚，全球第二家市值突破4万亿美元大关的企业诞生了！ 智东西7月31日报道，今天，微软发布了2025财年第四季度财报以及2025财年（2024年7月1日-2025年6月30日）全年业绩。2025财年全年，微 软实现2817.24亿美元（约合人民币20261.03亿元）的营收，同比增长14.93%；净利润为1018.32亿美元（约合人民币7993.71亿元），同比增长 15.54%。 最新财季，微软营收为764.42亿美元（约合人民币5497.56亿元），同比增长18.1%；净利润为272.33亿美元（约合人民币1958.54亿元），同比 增长23.58%。 上述业绩均大幅度超出市场预期，也推动微软市值在盘后交易中一度大涨超9%，截至发稿，涨幅为8.98%。按照最新盘后交易股价计算，微 软的总市值为4.15万亿美元（约合人民币29.8万亿元），成为全球市值第二高的企业，仅次于英伟达。 微软CEO萨提亚·纳德拉（Satya Nadella）称，"云 ...

摩根士丹利：将微软(MSFT.US)目标价从530美元上调至582美元。 ...

2025年7月，微软正式宣布任命庆雪辉(Johnson Qing)为大中华区首席伙伴官(Chief Partner Officer)，全面 负责微软在中国大陆、香港和台湾地区的企业级生态战略与合作伙伴业务发展。庆雪辉将向微软全球资 深副总裁、大中华区董事长兼首席执行官侯阳汇报。此前，庆雪辉担任微软中国生态伙伴事业部负责 人。(智通财经) ...

Core Insights - Microsoft's Q4 earnings report shows strong performance driven by AI demand, exceeding Wall Street expectations [1] - The company's stock price rose over 9% in after-hours trading, with market capitalization potentially surpassing $4 trillion [1] - CEO Satya Nadella emphasized that AI is leading a technological transformation, significantly impacting Microsoft's cloud and overall product portfolio [1] Financial Performance - Total revenue reached $76.4 billion, with Azure cloud services growing by 39% [1] - Operating income increased by 22% to $34.3 billion, while net income was $27.2 billion [1] - Diluted earnings per share were $3.65, all surpassing analyst expectations [1] AI and Cloud Strategy - Microsoft operates over 400 data centers across 70 regions globally, with AI applications enhancing its business portfolio [2] - Capital expenditures for the quarter were $24.2 billion, a 27% increase year-over-year, primarily for expanding AI infrastructure [2] - Future capital expenditures are expected to exceed $30 billion in Q1 of FY2024 [2] AI Integration and Partnerships - Microsoft is integrating its Copilot assistant into the Edge browser to enhance user experience [2] - The partnership with OpenAI allows Microsoft to utilize AI technology on its Azure platform, with ongoing negotiations to secure future access to OpenAI's resources [2] Workforce Adjustments - Microsoft has laid off approximately 15,000 employees this year, including software engineers, due to AI tool replacements [3] - CFO Amy Hood acknowledged the challenges of the transformation while committing to support employees in transitioning to new roles [3] - Nadella expressed confidence in the future, stating that AI is central to the company's growth strategy and innovation efforts [3]

据悉，微软今年就因"应用"人工智能并将其发展置于其他业务之上而裁员超过1.5万人。如果人工智能 能够让公司中一个人"更有效率"，甚至可能完成两个人的工作，那么裁减一些职位也是合理的。 到目前为止，还没有证据表明人工智能在以下列出的大多数职业中创造了就业机会。恰恰相反，微软前 CEO比尔·盖茨本人就曾警告过AI将如何摧毁就业岗位。 【#微软称40个职业即将被AI摧毁#】根据微软研究院的说法，以下40个职业即将被AI摧毁，编辑不幸 中招，你的职业在名单上吗？ 微软研究部门最近发表的一篇新论文中，科学家根据多种数据因素，揭示了最有可能受到人工智能影响 的各类职业。 该团队专门研究了美国就业市场，但可以预见的是，如果没有某种形式的全球监管，这些预测几乎可以 适用于目前任何发达国家或发展中国家。 事实上，这项研究确定了人工智能对某些工作岗位的"适用性"。理论上，这些适用性可以用来提高工作 效率，但在实践中，最有可能被用来证明缩减团队规模的合理性——将人类工作外包给人工智能模型。 1、口译与笔译员 2、历史学家 3、乘客乘务员 4、服务销售代表 5、作家与作者 6、客户服务代表 7、CNC数控工具编程员 8、电话接线员 ...

隔夜，受益于公司业绩超预期以及上调资本支出，美股微软、Meta盘后股价大涨，带动英伟达盘后股价上涨。 7月31日，计算机板块领涨两市！重仓软件开发行业的信创ETF基金（562030）场内价格盘中涨超3%，现涨2.87%， 实时涨幅霸居全市场ETF涨幅榜首位！成份股方面，用友网络涨停，亚信安全涨逾9%，三六零涨逾8%。 | DESCRIPTION | | ETF基金 | LOF真金 | | Friday of the | | --- | --- | --- | --- | --- | --- | | 全部 | | 開車 行业 | | 干频 | 策略 | | | | 相同指数ETF仅显示最活跃的一只(2 | | | 成交额 > | | 即进 代码 | | 名称 | | | 涨跌幅 | | 1 | rranno | 信创ETF基金 | | | | 资金面上，超120亿主力资金涌入计算机板块！数据显示，计算机板块是信创ETF基金（562030）标的指数的第一大 重仓行业，截至7月30日，权重占比达93.9%。 | 全部股票 | Wind概念板块 | Wind主题行业 | 日 | 申月二 | | --- | --- | ...

Group 1 - The core viewpoint highlights the strong performance of the AI sector, with the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index rising by 1.83% and the corresponding ETF increasing by 1.73%, indicating active market trading [1] - Over the past week, the Sci-Tech Innovation AI ETF has seen a significant growth of 1.66 billion yuan in scale and an increase of 1.06 million shares, reflecting robust investor interest [1] - In terms of capital inflow, the Sci-Tech Innovation AI ETF recorded net inflows for 4 out of the last 5 trading days, totaling 1.41 billion yuan [1] Group 2 - China Galaxy Securities recommends focusing on the main track of artificial intelligence, emphasizing three key lines: 1) Core components such as domestic computing power, high-end chips, and foundational large models; 2) Leading companies in overseas infrastructure and subscription models; 3) AI application leaders in high-paying scenarios like AI+ office, AI+ finance, and intelligent connected vehicles [2] - The Sci-Tech Innovation AI ETF closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, which selects 30 large-cap companies providing foundational resources, technology, and application support for AI [2] - The management fee for the Sci-Tech Innovation AI ETF is 0.50% per year, and the custody fee is 0.10% per year, both of which are relatively low compared to similar products in the industry [2]

Group 1 - The performance of major tech companies like Microsoft and Meta exceeded expectations, leading to a surge in their stock prices and positively impacting Nvidia's stock as well [1] - The computer sector is leading the market, with the Xinchuang ETF fund (562030) seeing a price increase of over 3% during trading, and a current increase of 2.87%, making it the top performer among all ETFs [1] - Major stocks within the Xinchuang ETF, such as Youfu Network, have reached their daily limit, while others like AsiaInfo and 360 have seen increases of over 9% and 8% respectively [1] Group 2 - Over 12 billion in main capital has flowed into the computer sector, with the sector accounting for 93.9% of the Xinchuang ETF's index as of July 30 [2] - The optimistic outlook for capital expenditure in cloud services is supported by the strong performance of major tech firms, indicating a high level of activity in the AI infrastructure supply chain [2][3] - The domestic AI industry is expected to continue thriving due to the ongoing development of AI models, improvements in domestic AI chip performance, and a diverse range of AI applications [4] Group 3 - China Unicom has initiated a bidding process for general server procurement, with a projected localization rate exceeding 90%, indicating a significant increase from previous levels [4] - The Xinchuang sector is experiencing a recovery in market conditions, with positive growth in both the number and scale of bidding activities [4] - The Xinchuang industry is transitioning from being policy-driven to a dual-driven model of policy and market, with significant growth expected in market size by 2025 and 2026 [4] Group 4 - The Xinchuang ETF fund and its associated funds track the China Xinchuang Index, which covers key areas of the Xinchuang industry, indicating high growth and elasticity [5] - The investment logic for the Xinchuang industry includes geopolitical factors, macroeconomic support for government procurement, technological advancements by domestic manufacturers, and critical timing for procurement standards [5] - The Xinchuang industry is projected to see significant growth, with the market size expected to exceed 2.6 trillion by 2026 [4][5]

Group 1 - Microsoft and Meta reported strong earnings, with Microsoft revenue growth accelerating by 18% and Azure and other cloud services revenue increasing by 39% [1] - Meta's revenue grew by 22% year-on-year, with a net profit of $18.3 billion, representing a 36% increase, and it is expected to exceed $100 billion in capital expenditures by 2026, up 46% year-on-year, significantly surpassing market expectations [1] - The overseas computing power industry chain has boosted the performance of computing power concept stocks, with the Communication ETF (515880) reaching a peak increase of 4% today and a continuous net inflow of over 420 million yuan for five consecutive days [1] Group 2 - The ongoing AI arms race is driving high capital expenditure growth among domestic and foreign cloud vendors, with Google raising its full-year capital expenditure forecast from $75 billion to $85 billion, with Q2 spending up over 70% year-on-year [2] - The demand for AI infrastructure is rapidly expanding, with a predicted global market size for optical modules expected to grow at a CAGR of 22% from 2024 to 2029, potentially exceeding $37 billion by 2029 [2] Group 3 - Some optical module companies have reported strong performance in their semi-annual earnings forecasts, coupled with previous capacity expansion actions, indicating a high level of industry prosperity [4] - NVIDIA's announcement of H20 sales recovery is expected to enhance the certainty of computing power supply, accelerating the layout of AI infrastructure by domestic internet giants in the second half of 2025, which may drive demand for upstream optical modules [5] - NVIDIA's new generation Blackwell GPU is experiencing rapid deployment, further expanding the demand for optical modules [5] Group 4 - The Communication ETF (515880) tracks the CSI Communication Equipment Index, with optical modules accounting for over 40%, benefiting from the ongoing development of the computing power industry [6] - The top ten constituent stocks of the CSI Communication Equipment Index include leading companies in the optical module sector, indicating strong market positioning [7]

Group 1 - D.A. Davidson raised Microsoft's target price from $600 to $650 [1]