A whale tracked by on-chain analyst Ember has opened a $10.66 million long position in GOOGL in the half hour leading up to Alphabet’s earnings release, according to BlockBeats. The position was opened at an average entry price of $349.7. The same whale had previously gone long Micron Technology (MU) and realized a $1.71 million profit, then shifted focus to Alphabet’s upcoming results. Alphabet is scheduled to report earnings after the U.S. stock market closes at 4 a.m. Beijing time. Beyond Google shareholders, investors in AI-related stocks are also watching the report closely, as the company’s earnings are seen as an important data point for the broader AI trade.
BlockBeats reported on July 22 that, according to on-chain analyst Ember, a whale that went long Micron Technology (MU) yesterday and made a $1.71 million profit has now turned bullish on Alphabet ahead of its earnings release.
In the past half hour, the whale opened a GOOGL long position worth $10.66 million at an average entry price of $349.7.
Alphabet is set to release earnings after the U.S. stock market closes at 4 a.m. Beijing time. The report is drawing attention not only from Google shareholders, but also from investors tracking AI-related stocks.
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