Major institutional investors are aggressively accumulating Google (NASDAQ: GOOG) shares ahead of Alphabet's earnings report, with 13F filings revealing heavy buying activity throughout April. The smart money is betting on Google's fundamentals, including its cloud services and custom AI silicon development through Tensor Processing Units (TPUs), as the company reportedly negotiates with Marvell Technologies to build next-generation AI inference chips promising tenfold performance gains.

Institutional Funds That Have Increased Their Positions in Google Stock

Google stock opened Monday’s trading bell at $339 and is among the top-performing Magnificent 7 equities in April. It has risen nearly 24% in three weeks, which has made both retail investors and institutional clients make a beeline to accumulate GOOG. The rise in value comes on the heels of Alphabet’s earnings call, which is scheduled for April 29. High expectations remain on the search giant, and the revenues can make or break GOOG’s prospects.

On the leg-up of the earnings call, institutional clients have increased their buying in Google stock. Smart money remains confident that Alphabet’s earnings call could beat all expectations and could push GOOG higher in value. This makes the equity a must-watch as the upcoming revenues could change both investors’ and the company’s fortunes by the month’s end.