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

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

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.

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.

400 nach den Zahlen wäre schon Bombe

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.

Wenn das Geld wieder in KI fließt, wird es hier fallen.

Ich möchte nochmal die 310 sehen um mir meine Taschen voll zu machen, wir brauchen panik damit das passieren kann