微软的股票在报告收入丰厚之后下跌,因为Azure增长放缓和成本上涨引起人们对AI驱动的利润可持续性的担忧。 Microsoft's stock fell after reporting strong earnings, as slowing Azure growth and rising costs raised concerns about AI-driven profit sustainability.

微软的股票在2026年1月28日的超时交易中下跌了5%以上, 尽管报告的收入比预期的要强, Microsoft's stock dropped over 5% in after-hours trading on January 28, 2026, despite reporting stronger-than-expected earnings and record cloud revenue, with Azure growth slowing to 39% from 40% in the prior quarter. 该公司在主要由OpenAI公司和人类学公司承诺推动的6 250亿美元剩余业绩义务中,刺激了投资者对资本支出上升的担忧,资本支出上升了66%至375亿美元,尽管智能云部分的收入增加了29%。 The company's $625 billion in remaining performance obligations, largely driven by commitments from OpenAI and Anthropic, fueled investor concern over rising capital expenditures—up 66% to $37.5 billion—despite a 29% revenue increase in the Intelligent Cloud segment. 当商业订票率猛增230%时, 总利润率缩小至68%, 分析家质疑AI驱动增长的可持续性, While commercial bookings surged 230%, gross margins narrowed to 68%, and analysts questioned the sustainability of AI-driven growth amid intensifying competition from Google and Anthropic.