Cerebras, an AI chipmaker, is set to report its first earnings since going public, with its stock down nearly 30% since its debut. Options pricing suggests an 11.5% move post-report. Meanwhile, Micron's earnings report is highly anticipated, with implied volatility at 116, indicating a potential 10% swing in stock price, the largest since December 2024.
Micron's stock rose almost 6% to $120.4 per share, reflecting a year-to-date increase of 280%. The options market shows a balanced volume of calls and puts, with a notable $61 million purchase of deep in-the-money calls. Additionally, Super Micro Computer has seen a 16% rise following a new data center announcement, with traders heavily favoring call options, indicating bullish sentiment.
Overall, these developments highlight the volatility and investor interest in the semiconductor sector, particularly in relation to AI technologies