There's one reason Alphabet has an edge over Microsoft in AI

Alphabet has a key advantage over Microsoft in the artificial intelligence race, and it lies inside of Google's vast trove of search data, according to Deepwater Asset Management's Gene Munster.

"It's advantage Google over here, not just because of the valuation difference," Munster said in an interview withon Wednesday."I'm in the belief that Google, their 20-year lead in search is going to inform better AI decisions. We don't see it in the products today, I think that they will deliver on that, ultimately I think that's going to be good for ad revenue.

Alphabet stock, meanwhile, surged 6% on Wednesday, beating analysts' expectations for revenue and earnings per share.

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