Top 10 Trending Stocks to Watch Ahead of Nvidia Earnings

3. Alphabet Inc (NASDAQ:GOOG)

Number of Hedge Fund Investors: 164

Daniel Newman, Futurum CEO, explained in a CNBC program last month why he is bullish on Alphabet stock.

“Now their generative AI stack looks great. They’re building their own infrastructure, their chips, they look really well positioned. And if I’m an investor, I’m looking at the whole situation, I’m saying look, you know, you’re seeing Teslas out, you know, 100 plus, you know, forward. Google actually has all the tech. Waymo, they’ve got YouTube. I mean, and I was going to say YouTube is dominating TV. You see the graphic in the Journal this weekend. Like YouTube is becoming TV. Yeah, same with Netflix. And yet, so here I am using ChatGPT, honestly more like Google than ever before. But it seems like the business not only can absorb that, but have other levers to pull on. Yeah, I really like that they’ve been able to be successful training their own models on their own infrastructure. I love Nvidia. There’s no secret there. But if I’m Google and I want to build a vertically integrated stack, I want to increase my margin. I want to diversify the business and have more control of my longevity. I’m really liking that. And like I said, at the price, even with the recent run-up, there’s just a lot to be optimistic about. So, Alphabet looks to be in really, really good shape. Like on the other side though, you know.”

Sands Capital Technology Innovators Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its second quarter 2025 investor letter:

“We sold Alphabet Inc. (NASDAQ:GOOG) based on concerns about the future of its internet search business amid the growing adoption of generative AI. While Alphabet has many components necessary to thrive in the world of AI, search queries have begun to decline as consumers increasingly turn to generative AI assistants. Even if the current search share loss is not having a meaningful impact on monetization, competitors are building out functionality that should shift monetization from Alphabet to the primary large language model providers. For this reason, our confidence in Alphabet’s ability to sustain above-average growth has declined and we chose to exit the position.”