AI has been at the center of investor hopes for boosting revenues in Big Tech earnings reports. However, following the latest quarterly results, tech giants like Alphabet (GOOG, GOOGL), Advanced Micro Devices (AMD), and Microsoft (MSFT) did not live up to the expected hype around AI.

Google's ad revenue missed earnings forecasts, as AI-driven search innovations have yet to translate into accelerated growth. AMD forecasted a weaker-than-expected first-quarter outlook, disappointing investors betting on its AI semiconductor traction.

And while Microsoft posted 30% growth for its Azure cloud and AI services, other areas of its business saw more lackluster second-quarter growth.

Yahoo Finance's Seana Smith and Bradley Smith break down the details.

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Editor's note: This article was written by Angel Smith