Microsoft(US:MSFT) 证券时报·2025-11-03 15:19Core Viewpoint - Microsoft plans to invest over $15.2 billion (approximately 108.2 billion RMB) in the UAE from 2023 to 2029, focusing on artificial intelligence and cloud infrastructure development [1][4]. Investment Details - The investment will support the expansion of AI and digital infrastructure, along with training and R&D programs to enhance local talent skills [4][5]. - From 2023 to the end of this year, Microsoft has already invested $7.3 billion in the UAE, with plans to spend over $7.9 billion from early 2026 to the end of 2029, including over $5.5 billion in capital expenditures [5]. Strategic Partnerships and Compliance - Microsoft has received export licenses to send advanced NVIDIA chips, including A100, H100, and H200 GPUs, to the UAE to support its Azure AI services [6]. - The company is working closely with both the U.S. and UAE governments to ensure compliance with cybersecurity, export controls, and responsible AI standards [6]. Financial Performance - For the first fiscal quarter ending September 30, 2025, Microsoft reported revenues of $77.673 billion, an 18% year-over-year increase, and a net profit of $27.747 billion, a 12% increase [8]. - The decline in net profit growth was attributed to a $3.086 billion impact from investments in OpenAI [8]. Future Capital Expenditure - Microsoft's capital expenditures surged to $34.9 billion in the first quarter, an increase of over $10 billion from the previous quarter, with expectations for growth rates in capital expenditures for fiscal year 2026 to exceed those of fiscal year 2025 [9]. - The company plans to increase overall AI computing power by over 80% within the year and aims to double the scale of its data centers in the next two years [9].