Alphabet (GOOGL) finished its second quarter strong as Google (GOOGL)’s parent company goes all-in on A.I. The tech giant generated $84.74 billion in total revenue in the April-June quarter—up 14 percent year-over-year—which blew past Wall Street’s estimates. Net income rose to $23.62 billion from $18.37 billion last year—driven by strong growth in Google’s search and cloud businesses.

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“Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud,” Alphabet and Google CEO Sundar Pichai said in a press release. “We are innovating at every layer of the A.I. stack. Our longstanding infrastructure leadership and in-house research teams position us well as technology evolves and we pursue the many........

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