Last week was all about the mega-caps — $18.59 trillion in market cap reporting, led by five of the Magnificent Seven. This week, the spotlight shifts to a tighter, more volatile group: seven AI-linked stocks with a combined market cap of roughly $830 billion. And according to options market data, every single one is priced for a double-digit post-earnings move.

The implied swings range from 10.22% to 14.66%, and the list covers everything from AI cloud infrastructure and semiconductor IP to optical networking, edge security, mobile ad-tech, e-commerce, and food delivery. Here's the full breakdown, from smallest implied move to largest.

7. Arm Holdings (ARM) — Implied Move: 10.22%

Reports: May 6, after market close
Market Cap: $225.48 billion
Consensus EPS: $0.58 on $1.47 billion revenue (+5.33% EPS, +18.44% revenue YoY)

Arm's 10.22% implied move is the smallest of the cohort, but don't let that fool you — it still represents roughly $23 billion of market value at stake, the largest dollar exposure on this week's list. The chip designer has been one of the standout AI-infrastructure beneficiaries of 2026, climbing 93.19% year-to-date. Licensing royalties from Nvidia Corp. (NVDA)'s GPU partners and custom-silicon design wins have lifted forward guidance, and Arm rallied 39% in April — its second-best month since going public in 2023.

6. DoorDash (DASH) — Implied Move: 10.66%

Reports: May 6, after market close
Market Cap: $76.62 billion
Consensus EPS: $0.37 on $4.14 billion revenue (-0.04% EPS, +36.93% revenue YoY)

DoorDash is the only delivery name on this week's list, and its print will set the tone for the broader gig-economy cohort. A 10.66% implied move puts roughly $8.2 billion of value in play. The stock 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, so investors will be watching closely to see if that momentum holds.

5. Shopify (SHOP) — Implied Move: 11.40%

Reports: May 5, before market open
Market Cap: $164.65 billion
Consensus EPS: $0.33 on $3.08 billion revenue (+32.65% EPS, +30.74% revenue YoY)

Shopify kicks off earnings season for this cohort on Monday morning. Options are flagging an 11.40% post-print move, equivalent to roughly $18.8 billion in market cap — 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, but strong revenue growth could provide a catalyst.

4. AppLovin (APP) — Implied Move: 12.26%

Reports: May 6, after market close
Market Cap: $157.20 billion
Consensus EPS: $3.40 on $1.77 billion revenue (+52.69% EPS, +19.63% revenue YoY)

AppLovin is the worst performer in the cohort, down 31.73% YTD, despite four consecutive quarterly beats. A reported SEC probe into ad-attribution practices and insider-selling disclosures have weighed on sentiment. 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. April saw a tentative rebound with a 12% surge.

3. Cloudflare (NET) — Implied Move: 12.71%

Reports: May 7, after market close
Market Cap: $77.40 billion
Consensus EPS: $0.23 on $621.87 million revenue (+45.98% EPS, +29.96% revenue YoY)

Cloudflare's edge-network business has been positioning itself as critical infrastructure for AI inference workloads, making forward guidance the main attraction this quarter. The implied move sits at 12.71%, putting around $9.8 billion in market value on the line. The stock is up 10.32% YTD — modest by pure-play AI standards but solid for a security-and-edge platform.

2. Coherent (COHR) — Implied Move: 13.35%

Reports: May 6, after market close
Market Cap: $64.84 billion
Consensus EPS: $1.40 on $1.78 billion revenue (+53.19% EPS, +18.86% revenue YoY)

Coherent's optical-transceiver business sits squarely in the AI data-center supply chain, making this print a direct read on hyperscaler optical demand following last week's $649 billion combined Big Tech capex signal. The implied 13.35% move translates to roughly $8.7 billion of market value. Coherent has rallied 78.52% YTD, with 34% added in April — one of the cleanest AI-infrastructure plays in the cohort.

1. CoreWeave (CRWV) — Implied Move: 14.66%

Reports: May 7, after market close
Market Cap: $64.62 billion
Consensus EPS: -$0.85 on $1.97 billion revenue (-50.00% EPS, +100.08% revenue YoY)

CoreWeave tops the list with the largest implied move of the week at 14.66%, translating to roughly $9.5 billion in market value at risk on a single session. This is the company's fifth quarterly print since its March 2025 IPO. The Street is modeling a loss of $0.85 per share, with revenue projected to more than double year-over-year. The losses reflect aggressive AI-infrastructure capex — Nvidia made an additional $2 billion investment in the company earlier this year. CoreWeave has climbed 66.19% YTD on what some analysts have flagged as a circular financing dynamic — Nvidia 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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