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The Argentine players kept their cool in the shootout after Kylian Mbappe had forced extra time and penalties with a hat-tick in a pulsating final.
France had come from two goals down to level over 90 minutes with Kylian Mbappe netting twice in two minutes.
France are hoping to become just the third side after Italy (1938) and Brazil (1962) to successfully defend the title.
The number of assists by a player is considered in the case of a tie for goals scored.
Morocco, the first African side to reach the last four of the World Cup, had built their success on brilliant defending and fast counter attacks, but they got a taste of their own medicine in the semifinal.
Moroccos exit was tempered by their achievement of becoming the first African and Arab country to reach the World Cup semi-final, a feat widely celebrated.
France are eyeing a second successive final, while Morocco are playing in their maiden semifinal.
France will meet Morocco in the second semifinal.
France will play Morocco for a place in the final on Wednesday after the North Africans beat Portugal 1-0 in Saturday's earlier quarter-final.
Giroud, 36, surpassed Thierry Henry's mark when he netted his 52nd goal in 117 appearances for Les Bleus in their 3-1 World Cup last-16 win over Poland to become France's all-time top scorer.