Key Points
关键点
Next to the rise of artificial intelligence (AI), stock splits have been the most exciting trend on Wall Street.
在人工智能（AI）的兴起之后，股票拆分是华尔街最激动人心的趋势。
Since its initial public offering (IPO) in March 1986, Microsoft has completed nine forward stock splits.
自1986年3月首次公开募股（IPO）以来，微软已经完成了9股股票拆分。
Microsoft's cash-flow-rich legacy operations blend perfectly with its cloud- and AI-driven future.
Microsoft的现金流动丰富的旧运营与其云和AI驱动的未来完美融合。
10 stocks we like better than Microsoft ›
我们比Microsoft更好的10种股票›
Next to artificial intelligence (AI), stock splits have been Wall Street's hottest trend.
在人工智能（AI）之外，股票拆分是华尔街最热门的趋势。
A stock split allows a company to cosmetically alter its share price and outstanding share count without any effect on its market cap or underlying operating performance. Following over a dozen big-time stock splits in 2024, a trio of brand-name businesses have followed suit this year.
股票拆分允许公司从外观上改变其股价和销售股票数量，而不会对其市值或基本运营绩效产生任何影响。在2024年进行了十二张大型股票拆分之后，今年的三个品牌企业都效仿了。
However, few companies can match the success, or sheer number of splits, software behemoth Microsoft (NASDAQ: MSFT) has brought to the table.
但是，很少有公司能够与Software Microsoft（NASDAQ：MSFT）相匹配的成功或巨大的分裂数量。
Image source: Getty Images.
图像来源：盖蒂图像。
Breaking down Microsoft's stock-split history
分解微软的库存分割历史
Microsoft made its debut as a public company on March 13, 1986, at an initial public offering (IPO) price of $21 per share. In the 39 years that have followed, it's completed nine stock splits:
微软于1986年3月13日以每股21美元的首次公开募股（IPO）价格首次亮相。在随后的39年中，它完成了9种股票分割：
September 1987 : 2-for-1
1987年9月：2-1
April 1990 : 2-for-1
1990年4月：2-1
June 1991 : 3-for-2
1991年6月：2折3
June 1992 : 3-for-2
1992年6月：2比2
May 1994 : 2-for-1
1994年5月：2-1
December 1996 : 2-for-1
1996年12月：2-1
February 1998 : 2-for-1
1998年2月：1-1
March 1999 : 2-for-1
1999年3月：2比1
February 2003: 2-for-1
2003年2月：2比1
A single share purchased on March 13, 1986 for $21 would have grown to a cumulative 288 shares, worth $141,710 (not including dividends), as of the closing bell on July 1, 2025.
截至2025年7月1日，截至闭幕式钟表起，1986年3月13日以21美元的价格购买了一股股票，价值141,710美元（不包括股息）。
Microsoft may be poised for its 10th forward split
微软可能有望进行第10次前锋拆分
Although access to fractional-share purchasing has reduced the urgency for companies to complete forward splits, Microsoft's meaningful share ownership by everyday investors, who hold 34% of its outstanding shares, and nominally high share price of $492.05, may coerce its 10th split sooner than later.
尽管获得分数购买的购买量降低了公司完成前进分裂的紧迫性，但微软的日常投资者的有意义的股票所有权，他们持有其流通股的34％，名义上较高的股价为492.05美元，可能会早日销售。
Microsoft stock has benefited immensely from its aggressive investments in cloud computing and AI. Cloud infrastructure service platform Azure is No. 2 globally by spending -- a 23% share in the March-ended quarter, per Canalys -- and could see its sales growth reaccelerate as generative AI solutions are integrated into the platform.
微软股票从其在云计算和AI上的积极投资中受益匪浅。云基础架构服务平台Azure在全球范围内排在全球第二位 - 在每个Canalys的3月份季度份额23％ - 并且可以看到其销售增长会随着生成AI Solutions集成到该平台中。
Don't overlook its legacy operations, either. While the growth heyday for Windows and Office is long gone, Microsoft's high-margin legacy segments generate boatloads of cash flow that it can use for high-growth initiatives, such as AI investments, stock buybacks, or its ever-growing dividend.
也不要忽略其旧行动。虽然窗户和办公室的增长鼎盛时期已经消失了，但微软的高利润旧细分市场会产生大量的现金流量，可用于高增长计划，例如AI投资，股票回购或不断增长的股息。
Should you invest $1,000 in Microsoft right now?
您现在应该向微软投资1,000美元吗？
Before you buy stock in Microsoft, consider this:
在您在微软购买股票之前，请考虑以下方式：
