Alphabet's Google is making a direct assault on Nvidia's AI hardware supremacy, partnering with Marvell Technology to develop two new tensor processing units designed to outperform current GPUs in handling artificial intelligence workloads. The strategic move, confirmed Monday, sent Marvell shares surging over 4.8% as markets reacted to the potential disruption in the lucrative AI chip sector dominated by Nvidia.

GOOGL or NVDA: Which Stock is the Better Buy?

After the reported deal with Marvell, Alphabet (GOOGL) stock is looking solid heading into the firm’s earnings report. Institutional funds are going all-in on Google’s stock ahead of Alphabet’s earnings call next Wednesday. Smart money has remained aggressive in accumulating GOOG before the revenue numbers are out. According to the 13F filings with the SEC, institutional heavyweights are front-runners in buying Google stock in April.

While Nvidia (NVDA) remains a top option in tech due to its sheer dominance in AI, other tech stocks have become just as good investment options, such as GOOGL. Indeed, Alphabet 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 GOOGL. If earnings bode well and beat expectations from the Street, Alphabet (GOOGL) may stamp itself as an early tech stock of the year candidate.