After last week delivered $18.59 trillion in mega-cap earnings led by five Magnificent Seven names, this week shifts to a tighter, more volatile cohort: seven AI-linked stocks with combined market caps of roughly $830 billion.
According to Benzinga Pro data, options markets are pricing post-earnings moves between 10.22% and 14.66% across seven stocks with market capitalizations above $50 billion reporting between Monday and Friday this week.
The list spans AI cloud infrastructure, semiconductor IP, optical networking, edge security, mobile ad-tech, e-commerce and food delivery.
7 Volatile Stocks With The Biggest Implied Moves This Week
- Arm Holdings plc reports fiscal fourth-quarter 2026 results on May 6 after the market close.
- Consensus calls for earnings per share of $0.58 on revenue of $1.47 billion, translating to year-over-year EPS growth of +5.33% and a top-line gain of +18.44%.
- The option market is pricing a 10.22% swing — the smallest of the cohort but still equivalent to roughly $23 billion of market value at stake, the largest dollar exposure on this week’s list.
- Arm has been one of the standout AI-infrastructure beneficiaries of 2026, climbing 93.19% YTD as licensing royalties from Nvidia Corp. (NASDAQ:NVDA)’s GPU partners and custom-silicon design wins have lifted forward guidance. Arm rallied 39% in April, marking the second-best month since the stock went public in 2023.
- DoorDash Inc. delivers first-quarter 2026 numbers on May 6 after the bell.
- Analysts model EPS of $0.37 on $4.14 billion in revenue, with earnings essentially flat year-over-year (−0.04%) but revenue accelerating +36.93% — the strongest top-line read in the cohort.
- A 10.66% implied move puts roughly $8.2 billion of value in play. DoorDash is the only delivery name on this week’s list, and the print will set the tone for the broader gig-economy cohort.
- DoorDash has been one of 2026’s clearest underperformers, sliding 22.36% YTD as consumer-spending pressure and a stalled push into grocery delivery have weighed on margins. April brought a 12.7% rebound.
- Shopify Inc. opens earnings season for the cohort on May 5 before the market open.
- The Street is looking for $0.33 in EPS and $3.08 billion in revenue — earnings climbing +32.65% year-over-year, with the top line up +30.74%.
- Options are flagging an 11.40% post-print move, equivalent to roughly $18.8 billion in market cap. Shopify is the second-largest dollar exposure on the list after Arm.
- The e-commerce platform has shed 20.69% YTD as the consumer-facing tech cohort has lagged the AI-infrastructure trade.
- AppLovin Corp. reports first-quarter 2026 results on May 6 after the close.
- Consensus expects EPS of $3.40 on revenue of $1.77 billion, marking a +52.69% earnings surge and a +19.63% revenue lift. The company guided Q1 revenue to $1.745–$1.775 billion and adjusted EBITDA to $1.465–$1.495 billion in its prior release.
- A 12.26% implied move equates to roughly $19.3 billion in market-cap exposure.
- AppLovin is the worst performer in the cohort, down 31.73% YTD, as a reported SEC probe into ad-attribution practices and insider-selling disclosures have weighed on sentiment, despite four consecutive quarterly beats. April saw a tentative rebound with a 12% surge.
- Cloudflare Inc. reports first-quarter 2026 results on May 7 after the bell.
- Estimates point to $0.23 per share on $621.87 million in revenue — EPS climbing +45.98% versus last year and revenue up +29.96%.
- The implied move sits at 12.71%, putting around $9.8 billion in market value on the line. Cloudflare’s edge-network business has been positioning itself as critical infrastructure for AI inference workloads, making forward guidance the print’s main attraction.
- Cloudflare is up 10.32% YTD — modest by the standards of pure-play AI names but solid for a security-and-edge platform.
- Coherent Corp. drops fiscal third-quarter results on May 6 after the close.
- Forecasters peg EPS at $1.40 and revenue at $1.78 billion, projecting strong year-over-year growth: +53.19% on the bottom line and +18.86% on the top.
- The implied 13.35% move translates to roughly $8.7 billion of market value. Coherent’s optical-transceiver business sits squarely in the AI data-center supply chain alongside Corning — making this print a direct read on hyperscaler optical demand following last week’s $649 billion combined Big Tech capex signal.
- Coherent has rallied 78.52% YTD, with 34% added in April. It is one of the cleanest AI-infrastructure plays in the cohort.
- CoreWeave Inc. tops the list with first-quarter 2026 results due May 7 after the close — the company’s fifth quarterly print since its March 2025 IPO.
- The Street is modeling a loss of $0.85 per share on revenue of $1.97 billion, with revenue projected to more than double year-over-year at +100.08% even as EPS deteriorates −50.00%. The losses reflect aggressive AI-infrastructure capex — Nvidia made an additional $2 billion investment in the company earlier this year.
- Options are pricing a 14.66% swing — translating to roughly $9.5 billion in market value at risk on a single session, the largest implied move of the week.
- CoreWeave has climbed 66.19% YTD on what some analysts have flagged as a circular financing dynamic — Nvidia Corp. invests in CoreWeave, which then buys Nvidia GPUs — making the print a high-stakes referendum on AI cloud-spend sustainability. April delivered a 44% gain and the stock is up 6% month-to-date.
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