AI drives Microsoft's revenues. Google is also growing.
Microsoft and Alphabet closed the last three months with rising revenues but did not satisfy Wall Street, where their stocks fell in after-hours trading. For Mountain View, the below-expected increase in advertising revenues weighed, increasing by 11% while analysts expected +11.6%. In the wake of the enthusiasm for artificial intelligence, the Redmond giant closed the second quarter of the fiscal year with revenues up 18% to 62 billion dollars and profits up 33% to 21.9 billion.