巴克莱:关于微软资本支出辩论的进一步思考

智通财经网
28 Feb

巴克莱在一份最新的报告中专题讨论了微软的资本支出。主要内容如下:我们不断收到投资者围绕微软数据中心建设的诸多问题。我们认为:第一,建设速度并未改变,所以在我们看来,近期有关项目取消的消息有些言过其实;第二,微软内部正持续发生转变,相比训练,更侧重于人工智能推理。过去几天,行业内关于生成式人工智能数据中心的建设速度,尤其是微软数据中心建设速度的讨论愈发激烈(2025 自然年超大规模数据中心资本支出...

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