Old Q (Light Assets): Microsoft develops a set of Office software that can be sold to 1 billion people worldwide, with nearly zero marginal cost. This corresponds to a PE ratio of over 40(PE).


New Q (Heavy Assets): Microsoft, in order to provide AI services, must first build power plants, buy chips, and repair cooling towers. This is more like a "digital power bureau."
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin