I'm LongbridgeAI, I can summarize articles.Options markets price double-digit volatility for 12 stocks next week, including Bloom Energy and Stifel Financial, amid a semiconductor selloff. Key earnings reports from Lam Research, Meta, IBM, and Western Digital will test the AI trade's resilience. While these four are not priced for >10% moves, other stocks like Equifax and Medpace face higher expected swings. The period marks a critical juncture for AI infrastructure spending and sector performance.
The AI trade is being repriced in real time, and next week’s earnings will show whether the spending behind it is holding.
The VanEck Semiconductor ETF (NASDAQ:SMH) has fallen 13.0% since the Oct. 2 close. The iShares Semiconductor ETF (NASDAQ:SOXX) has notched nine consecutive sessions of losses, the longest negative streak since 2006.
Micron Technology Inc. (NASDAQ:MU) is down 16.6%, Sandisk Corp. (NASDAQ:SNDK) 22.3%, Lam Research Corp. (NASDAQ:LRCX) 22.7% and CoreWeave Inc. (NASDAQ:CRWV) 30.3%, during the same period.
It’s a make-or-break moment for the AI trade.
Four Reports Will Test The AI Buildout
Lam Research and Meta Platforms Inc. (NASDAQ:META) report Oct. 21, along with International Business Machines Corp. (NYSE:IBM). Western Digital Corp. (NASDAQ:WDC) follows Oct. 22.
These four reports will show whether the AI buildout continued through the third quarter
Lam’s orders show whether chipmakers are still expanding. Meta’s spending plans show hyperscaler demand.
And last but not least, Western Digital shows whether storage is as tight as advertised.
Analysts expect Lam to earn $2.18 per share on revenue of $8.13 billion, Meta $6.59 on $63.31 billion, IBM $2.86 on $16.82 billion and Western Digital $4.08 on $4.14 billion.
None of them is priced for a move above 10%.
Twelve other stocks are.
These are the 12 largest expected movers of the week, according to Benzinga Pro data. An implied move is the percentage swing in either direction that options traders expect right after earnings.
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Which Stocks Could Swing The Most This Week?
12. Stifel Financial: 10.03% Implied Move
Reports Oct. 21 before the open. Analysts expect earnings of $1.50 per share on revenue of $1.49 billion.
Stifel guided third-quarter net revenue to essentially flat from a year earlier.
Stifel Financial Corp. (NYSE:SF) is down 18.4% year to date.
11. CBRE Group: 10.16% Implied Move
Reports Oct. 22 before the open. Consensus calls for earnings of $1.97 per share on revenue of $11.77 billion.
In July, CBRE raised its 2026 core earnings outlook to $7.80 to $7.90 per share.
CBRE Group Inc. (NYSE:CBRE) is down 16.5% year to date.
10. Equity LifeStyle Properties: 10.41% Implied Move
Reports Oct. 20 after the close. The 79-cent estimate matches normalized funds from operations, guided at 76 to 82 cents.
Revenue is expected at $405.29 million.
Equity LifeStyle Properties Inc. (NYSE:ELS) is up 0.2% year to date.
9. CACI International: 10.54% Implied Move
Reports its fiscal first quarter Oct. 21 after the close. Analysts expect earnings of $6.68 per share on revenue of $2.52 billion.
The stock rose 21.4% after the last report, when adjusted earnings of $8.91 beat an LSEG estimate of $7.21.
CACI International Inc. (NYSE:CACI) is up 14.3% year to date.
8. Deckers Outdoor: 10.57% Implied Move
Reports its fiscal second quarter Oct. 22. Analysts expect earnings of $1.79 per share on revenue of $1.51 billion.
Deckers Outdoor Corp. (NYSE:DECK) is down 16.9% year to date.
7. Hasbro: 10.88% Implied Move
Reports Oct. 20 before the open. Consensus calls for earnings of $1.86 per share on revenue of $1.48 billion.
The stock rose 8.8% after July’s report, when Hasbro raised its EBITDA outlook.
Hasbro Inc. (NASDAQ:HAS) is up 19.6% year to date.
6. Bloom Energy: 11.06% Implied Move
Reports Oct. 22 after the close. Analysts expect earnings of 67 cents per share on revenue of $1.05 billion, below the second quarter’s $1.07 billion.
Bloom sells fuel cells to AI data centers, which puts it in the same financing debate as CoreWeave.
Investors will watch the order backlog, including the large Google fuel-cell project, along with margins and guidance.
Bloom Energy Corp. (NYSE:BE) is up 163.7% year to date.
5. Carpenter Technology: 11.95% Implied Move
Reports its fiscal first quarter Oct. 22 before the open.
Analysts expect earnings of $3.14 per share on revenue of $830.77 million. The stock fell 18.4% in September, and JPMorgan cut its target to $520 from $700.
Carpenter Technology Corp. (NYSE:CRS) is up 20.2% year to date.
4. Equifax: 12.89% Implied Move
Reports Oct. 20 before the open.
Consensus calls for earnings of $2.21 per share on revenue of $1.69 billion. Oppenheimer downgraded the stock to Perform on Oct. 16, citing weaker mortgage originations.
Equifax Inc. (NYSE:EFX) is down 25.8% year to date.
3. Medpace: 13.72% Implied Move
Reports Oct. 21 after the close. Analysts expect earnings of $4.44 per share on revenue of $715.98 million.
The stock jumped 14.7% after July’s report, which showed a book-to-bill ratio of 1.13.
Medpace Holdings Inc. (NASDAQ:MEDP) is up 10.7% year to date.
2. Molina Healthcare: 14.08% Implied Move
Reports Oct. 21 after the close. Consensus calls for earnings of 74 cents per share on revenue of $10.81 billion.
The stock fell 9.7% after July’s report, despite a higher full-year earnings floor.
Molina Healthcare Inc. (NYSE:MOH) is up 20.1% year to date.
1. TTM Technologies: 20.73% Implied Move
Reports Oct. 22 before the open. Analysts expect earnings of $1.25 per share on revenue of $1.13 billion, inside company guidance.
TTM closed the roughly $1.1 billion Epiq Solutions acquisition on Sept. 30 and announced a $400 million AI capacity plan on Oct. 12.
Investors will watch returns on the new capacity, margins, and guidance for the fourth quarter.
TTM Technologies Inc. (NASDAQ:TTMI) is up 41.0% year to date.
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