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《大行報告》高盛:微軟(MSFT.US)Azure AI平台可成生成式人工智能推動力 料五年後潛在收入二千億美元
阿思達克 01-17 14:31
高盛發表報告指出,預期微軟(MSFT.US)2024財年次季收入按年增長17%至615億美元,略高於市場預期的610億美元(按年增長16%);每股盈利升29%至2.85美元,市場預期升26%至2.76美元;Azure業務按美元計增長28%,符合預期。 該行認為,微軟是生成式人工智能(Gen-AI)領域明顯的市場領導者,估計其AI服務可推動2024財年Azure業務增長至少300個基點,仍是未來12個月對公司AI變現的主要來源。另預期,微軟的M365 Copilot將於2025財年看到明顯的吸引力,因為釋放營運效率所需的投資需時。 此外,該行指微軟有龐大的伺服器基礎,五年累計收入達1,000億美元,是公司獨特競爭優勢中被低估的組成部分,隨著時間的推移,料可轉化為超過1,000億美元的Azure收入。而在Gen-AI周期不斷加強的推動下,該行有信心至2029財年Azure業務收入將增長至2,000億美元,比先前的預期提前一年。 對於2024財年,該行對微軟的收入及每股盈利預測,分別為按年增長15%至2,444億美元,及按年升17%至11.34美元,而市場普遍預期為按年升15%至2,431億美元,和按年升16%至11.23美元。該行重申對微軟的「買入」評級,目標價450美元。
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