MICROSOFT WKN: 870747 ISIN: US5949181045 Forum: Aktien Thema: Hauptdiskussion

Sollte man ankündigen, den CapEx zurückzufahren, würde ich in diesem volatilen Fake-Markt nicht einmal einen zweistelligen Kursanstieg ausschließen. Es könnte aber genauso gut in die andere Richtung gehen, wenn man weiter darauf beharrt, massiv zu investieren...hängt doch alles nur noch davon ab.

Es ist bislang eben ausgeblieben, dass man einen massiven Return auf die Investitionen erzielt. Bisher waren die Chip/Arbeitsspeicher/...-Unternehmen die großen Gewinner dieser historischen CapEx-Welle. Und wenn dort der Peak erreicht wurde, wird die dort gebundene Liquidität eben wieder in andere Titel umgeschichtet.

Microsoft or Alphabet: One AI Stock Is a Buy, the Other Is Stretched Marty Shtrubel Jul 20, 2026, 10:56 PM Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) have both positioned themselves as leading players in the AI boom. The two tech giants have poured billions of dollars into AI infrastructure, model development, and strategic partnerships, aiming to turn their early investments into long-term growth opportunities across cloud computing, software, and consumer services. While Microsoft gained an early lead through its partnership with OpenAI and the integration of AI tools across its ecosystem, Alphabet has leveraged its decades of research expertise and massive data advantage to compete across search, cloud, and next-generation AI applications. Despite Microsoft’s head start, that advantage has yet to translate into superior stock performance. Alphabet’s shares have been the clear winner over the past year. To wit, MSFT is down 22%, while GOOGL has surged 83%. But, of course, past performance is not indicative of future success. So, moving forward from here, which one of these mega caps presents a better opportunity for investors? Investor Florian Muller has been assessing the prospects of both companies and finds one offers better value right now. Looking at the case of Microsoft, it is the company’s growing capital spending that is “increasingly testing investors’ patience.” Just 18 months ago, committing $80 billion to data centers for FY2025 was viewed as an ambitious move. However, with Microsoft indicating a minimum of $40 billion in capex for FQ4 2026 alone, total FY2026 spending could exceed $120 billion. For calendar 2026, Microsoft is expected to spend about $190 billion on CapEx, while BNP Paribas forecasts fiscal 2027 spending could reach $262 billion. While this heavy investment is weighing on free cash flow conversion by reducing the cash left after Capex, Muller expects a recovery toward more sustainable levels over the coming years, supporting Microsoft’s long-term upward trajectory. Fundamentally, Muller thinks there are no major “red flags,” with Microsoft remaining as profitable and financially strong as ever, supported by impressive software margins and strong cloud growth, which help dispel concerns about returns on investment. Its advantage throughout the AI transformation phase lies in its scale, software ecosystem, infrastructure footprint, and decades of customer trust. As such, Muller assigns MSFT stock a Buy rating, expecting CapEx growth to moderate over the coming years. https://archive.is/8TWsO#selection-2969.0-3201.278

New Buy Rating for Microsoft (MSFT), the Technology Giant TipRanks Auto-Generated Intelligence Newsdesk Jul 21, 2026, 07:25 AM In a report released today, Brent Thill from Jefferies maintained a Buy rating on Microsoft, with a price target of $575.00. Thill covers the Technology sector, focusing on stocks such as Microsoft, Oracle, and Snowflake. According to TipRanks, Thill has an average return of 2.4% and a 51.29% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $559.63 average price target.

Microsoft has 3 secret weapons that could drive its stock 50% higher, analyst says Wall Street is misjudging Microsoft’s AI strategy, according to Morgan Stanley By Hannah Pedone July 21, 2026, 12:25 p.m. ET Microsoft has had trouble convincing investors that it has a winning artificial-intelligence strategy, but they might be looking at the company’s big AI initiatives all wrong, according to a Morgan Stanley analyst. In assuming coverage of Microsoft with an overweight rating and a $600 price target on Tuesday, Morgan Stanley’s Adam Wood said that Azure and Copilot are “keys to the stock” and “both are set to inflect.” His price target is about 50% above current levels. Shares of Microsoft have been down roughly 15% so far this year, though they are up 13% since the stock’s recent low on June 25. Azure, which is Microsoft’s cloud business, and Copilot, which is its AI assistant, are becoming the “clearest indicators” that Microsoft’s AI investments are translating into “durable value creation,” Wood wrote. With Azure, Microsoft is showing its ability to monetize infrastructure demand, and Wood believes the market is incorrectly valuing the cloud unit as a “bare-metal” or “commodity” AI infrastructure provider, whereby customers buy compute and inference capacity but not much else. Wood thinks investors are missing that there is more “pull-through into higher-value Microsoft services” through the company’s business model, and believes Azure can drive adoption across its wider software portfolio. As for Copilot, he wrote that investors are “increasingly underappreciating” the revenue potential that comes from Microsoft’s pricing model. Copilot-driven average revenue per user is becoming a “three-headed growth driver,” he said — calling out Microsoft’s opportunity to grow its revenue stream through Copilot seat adoption, push user migration towards Microsoft’s M365 E7 subscriptions, and leverage a new consumption-based monetization strategy. Before, Microsoft’s monetization model was primarily tied to seat expansion and license upgrades. “With Copilot, Microsoft now has the opportunity to monetize both users and usage,” Wood wrote. “As AI adoption broadens across organizations and customers increasingly leverage agents, reasoning capabilities and workflow automation, Copilot and the broader E7 opportunity have the potential to become one of the most significant ARPU expansion opportunities in Microsoft’s history,” he noted, referring to average revenue per user. D.A. Davidson analyst Gil Luria recently pointed out a related reason why he thinks Microsoft is set to win. He wrote in a note earlier this month that enterprise customers are realizing they may not wish to work directly with frontier AI labs like OpenAI and Anthropic, especially given Anthropic’s tumultuous track record with the U.S. government. “The solution is becoming obvious — companies will want to build a way to make sure they can switch AI models without disrupting their business,” he said. The answer to that may be an orchestration layer like Copilot, Luria believes. “While investors may have thought of Copilot as an AI model in itself, it is already working as a tool that helps funnel queries and tasks to the appropriate model,” he wrote. Luria explained that users can “choose models, choose whether to look at internal data and choose which agent to use, or allow Copilot to route the prompt in the most efficient and appropriate manner.” “That is the definition of an orchestration layer,” he noted.

Das zu behaupten ist ja nun kein Kunststück 😂

Keine Sorge, wird schon wieder fallen

Road to 400 euro !!!

Jetzt kann es endlich wieder losgehen mal

Long⬆️⬆️⬆️🍀🍀🍀

Nix fallen, steigen ist angesagtes Modell!

Ich hoffe doch sehr, dass das nicht eintritt. ;)

Ja wenn, da ist a noch auf Messers Schneide

hier fällts immer Wenn KI steigt fällt Kack MS Wenn KI fällt fällt Kack MS.