微软：总部实地调研要点

15 January 2026 | 4:01PM EST Equity Research Microsoft Corp. (MSFT) Takeaways from our HQ Field Trip | | | We visited Microsoft headquarters in Redmond, Washington, on 12/15, and met with several executives across multiple business divisions. While these meetings were 1 month ago, we believe our takeaways are longer term in nature, including: 1) Microsoft's intense focus on fungibility to manage through the AI compute cycle in both periods of supply constraints and potentially excess supply, and to mitigate ...