微软-人工智能光环效应沿技术栈传导-2025 年第四财季收益分析 -Microsoft Corp. (MSFT)_ The AI Halo Effect Ripples up the Stack - F4Q25 Earnings

31 July 2025 | 1:00AM PDT Microsoft Corp. (MSFT) The AI Halo Effect Ripples up the Stack - F4Q25 Earnings MSFT 12m Price Target: $630.00 Price: $513.24 Upside: 22.7% We reiterate our Buy rating and raise our PT to $630 (vs. $550 prior) following F4Q25 outperformance across all key metrics (see: First Take). We leave with increasing confidence in the longevity of AI-supported growth supporting share capture across Microsoft's businesses. This quarter helped validate our thesis that AI percolates up the stack ...