Microsoft and Alphabet just proved AI boom has room to run

Microsoft and Alphabet reported quarterly earnings that beat Wall Street's expectations.Their CEOs said that their profits are in part thanks to their companies' investments in AI.This is going to be "a goldmine situation for them," Wedbush's Dan Ives told CNBC.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email ...