(NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) are two tech giants that have become fierce rivals over the years. Both have been terrific growth investments with their three-year returns looking very comparable: Microsoft is up 65%, and Alphabet trails only slightly with gains of around 60%.

But with a major acquisition in Activision in the books and ChatGPT looking like a better chatbot than Bard, has Microsoft proved to be the better growth stock?

What stands out about Microsoft's business is that there is a lot of potential for the company to get bigger. It is rolling out artificial intelligence (AI) features on its already popular Office suite of products. It has invested billions in ChatGPT maker OpenAI, and Microsoft projects that it could generate $10 billion in annual revenue due to AI.

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Source Fool.com