Microsoft gains upper hand in AI-powered search battle with Google.

Microsoft's strong quarterly report highlighted the company's artificial intelligence advancements and its perceived lead against rival Alphabet, the parent company of Google. Microsoft flaunted 10% revenue growth in search, citing share gains for Bing and its Edge browser. Bing now has more than 100 million daily active users while daily installs of the Bing mobile app have grown four times since the launch of the AI-powered version of the product two months ago. Microsoft's position in AI pushed DiFucci's price target on Microsoft up to $232 from $212.