Institutional investors are piling into Google parent Alphabet (NASDAQ: GOOG) ahead of the company’s April 29 earnings call, according to recent 13F filings with the U.S. Securities and Exchange Commission. “Smart money” has noticeably increased positions in April, suggesting big players expect Alphabet to deliver stronger-than-anticipated results. Why the confidence? Investors are betting on Alphabet’s AI and cloud stories. Beyond robust cloud revenue, Alphabet is producing custom AI silicon—its Tensor Processing Units (TPUs)—and is reportedly in talks with Marvell Technologies to build custom AI inference chips. That partnership, if it materializes, is being touted as potentially delivering up to 10x peak performance and could give Google a competitive edge in AI infrastructure. The market has already priced-in optimism. GOOG rose from roughly $273 at the end of March to $339 by mid-April, opening Monday’s session at $339 — a nearly 24% gain in about three weeks. That rally places Google among the top-performing members of the so-called “Magnificent 7” this month, drawing both retail and institutional buyers. All told, institutional accumulation ahead of the earnings report signals high expectations. Investors will be watching revenue, cloud growth, and management’s AI strategy — including custom chips and any Marvell details — closely on April 29. The results could validate the recent buying spree or reshape near-term sentiment toward GOOG. Read more AI-generated news on: undefined/news