It is a make-or-break week for the AI trade. After the market shrugged off strong results from Advanced Micro Devices Inc. (NASDAQ:AMD), SanDisk Corp. (NASDAQ:SNDK) and Western Digital Corp. (NASDAQ:WDC) last week, a smaller but no less volatile group of names takes the spotlight between Monday and Friday.
The headliner is Applied Materials Inc. (NASDAQ:AMAT), one of the best performing chip names of 2026 with a triple-digit rally of about 110%.
According to Benzinga Pro, the options market is pricing a 10.39% post-earnings move on the stock.
It is not even the biggest expected mover on the calendar.
Ten other companies worth more than $10 billion carry implied moves above 10%, and the list runs well beyond chips, into space, biotech and energy.
An implied move is the swing in either direction, up or down, that options traders are paying to hedge against ahead of a report. It measures expected volatility, not direction.
These are the 10 largest expected movers of the week.
Which Stocks Could Swing The Most This Week?
10. Venture Global: 10.95% Implied Move
The LNG exporter reports Aug. 11 before the open. Analysts expect $4.66 billion in revenue and earnings of 49 cents per share.
Cargo volumes, the Plaquemines plant ramp and the mix of long-term versus spot contracts drive the print, with Brent near $85.
Venture Global Inc. (NYSE:VG) has nearly doubled this year, up 98.8%.
9. BridgeBio Pharma: 11.50% Implied Move
The biotech reports Aug. 10 after the close. Consensus sits at $218.74 million in revenue and a loss of 58 cents per share.
The launch curve for heart drug Attruby, the revenue ramp and cash runway are what matters.
BridgeBio Pharma Inc. (NASDAQ:BBIO) has added a modest 8.5% in 2026.
8. Pershing Square: 12.88% Implied Move
Bill Ackman‘s investment firm reports Aug. 13 before the open. Benzinga Pro lists $75.90 million in revenue and earnings of 12 cents per share.
Net asset value, portfolio marks and management commentary set how investors can react here.
Pershing Square (NYSE:PS), public only since April, has no year-to-date comparison.
7. AST SpaceMobile: 13.11% Implied Move
The satellite company reports Aug. 10 after the close. Analysts model $34.98 million in revenue and a loss of 28 cents per share.
Launch cadence for the BlueBird constellation, carrier agreements and cash burn are the swing factors for a pre-revenue business.
AST SpaceMobile Inc. (NASDAQ:ASTS) is roughly flat on the year, off 1.9%.
6. Super Micro Computer: 13.29% Implied Move
The AI server maker reports Aug. 11 after the close. Consensus calls for $12.33 billion in revenue and earnings of 62 cents per share.
Revenue guidance, gross margin and any lingering filing overhang drive the reaction.
Super Micro Computer Inc. (NASDAQ:SMCI) has barely moved this year, up 5.2%.
5. Rocket Lab: 13.59% Implied Move
The launch company reports Aug. 10 after the close. Analysts expect $231.35 million in revenue and a loss of 7 cents per share.
Electron launch cadence, the Neutron development timeline and Space Systems backlog are the tell.
Rocket Lab Corp. (NASDAQ:RKLB) has gained 17.7% in 2026.
4. CoreWeave: 13.62% Implied Move
The AI cloud provider reports Aug. 11 after the close. Consensus sits at $2.56 billion in revenue and a loss of $1.22 per share.
Revenue backlog, GPU capacity deployment, customer concentration and capital spending are the pressure points.
CoreWeave Inc. (NASDAQ:CRWV) has risen 24.4% since January.
3. Lumentum Holdings: 13.91% Implied Move
The optical component maker reports Aug. 11 after the close. Analysts model $987.89 million in revenue and earnings at $2.97 per share.
Cloud and datacom transceiver demand tied to AI networking, plus guidance, are the levers.
Lumentum Holdings Inc. (NASDAQ:LITE) has been one of the year’s biggest winners, up 141.2%.
2. Cerebras Systems: 16.01% Implied Move
The AI chip designer reports Aug. 12 after the close. Consensus calls for $194.20 million in revenue and a loss of 17 cents per share.
Inference revenue traction, customer wins and gross margin matter most in its first quarters as a public company.
Cerebras Systems Inc. (NASDAQ:CBRS) went public in May and has seen its stock price falling by 35%.
1. Coherent: 18.79% Implied Move
The photonics maker reports Aug. 12 after the close. Analysts expect $1.99 billion in revenue and earnings at $1.61 per share.
Datacom transceiver demand, the telecom recovery and margin expansion are what the market is pricing.
Up 105% in 2026, Coherent Corp. (NYSE:COHR) carries the widest expected swing of the week.
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