After last week’s wave of AI-infrastructure prints sent Dell Technologies Inc. (NASDAQ:DELL) to its best day ever and carried the S&P 500 to a ninth straight weekly gain, the spotlight stays on the AI trade.
Chipmaker giant Broadcom Inc. (NASDAQ:AVGO), along with cybersecurity giants CrowdStrike Holdings Inc. (NASDAQ:CRWD) and Palo Alto Networks Inc. (NASDAQ:PANW) are the main mega-cap companies reporting this week.
But according to Benzinga Pro data, the largest implied moves among companies worth at least $5 billion do not belong to any of them.
Options markets are pricing implied moves between 15.92% and 21.71% across 10 stocks spanning a newly public nuclear developer, a 155-year-old whiskey maker and other suppliers feeding the AI buildout.
10 Volatile Stocks With The Biggest Implied Moves This Week
10. Credo Technology Group Holding Ltd (NASDAQ:CRDO) | Mkt Cap: $42.84B | Implied Move: 15.92%
Credo Technology Group Holding Ltd reports fourth-quarter fiscal 2026 results on Monday, June 1, after the close.
Wall Street is modeling earnings of $1.03 per share on revenue of $432.05 million, a top line that has more than doubled from a year earlier as the company’s high-speed connectivity products ramp inside AI server racks.
The 15.92% implied move is the smallest on this week’s list in percentage terms — about $37.57 a share — but still equates to roughly $6.8 billion of market value on a single session.
Credo sells active electrical cables, optical digital signal processors and SerDes connectivity to hyperscalers, and closed its acquisition of DustPhotonics on May 19.
Credo has climbed about 61% year-to-date to near $236, recovering sharply from its April lows as one of the connectivity trade’s clearest winners.
9. Guidewire Software, Inc. (NYSE:GWRE) | Mkt Cap: $14.50B | Implied Move: 16.09%
Guidewire Software, Inc. delivers third-quarter fiscal 2026 numbers on Thursday, June 4, after the bell.
Analysts expect $0.74 in earnings per share on revenue of $355.95 million, up from roughly $289 million in the same quarter last year — about 23% growth as the property-and-casualty insurance vendor’s cloud transition matures.
A 16.09% implied move, around $24.56 a share, puts roughly $2.3 billion of market value in play. Guidewire crossed $1 billion in annual recurring revenue last quarter, and the print will test whether larger, longer-term cloud contracts can keep compounding that base.
The stock is down about 15% year-to-date, near $155, well off its 2025 highs.
8. GitLab Inc. (NASDAQ:GTLB) | Mkt Cap: $5.70B | Implied Move: 16.70%
GitLab Inc. opens the week’s software prints on Tuesday, June 2, after the close.
The Street is looking for $0.21 per share on revenue of $254.56 million, a roughly 19% year-over-year top-line gain for the DevOps platform.
The 16.70% implied move, about $5.18 a share, equates to roughly $950 million in market-cap exposure — the smallest dollar figure on the list.
GitLab sits at the center of the market’s most contested AI debate — whether agentic coding tools cannibalize software-development platforms or supercharge them. Its new Duo Agent Platform is the company’s answer, and the print is the first read on whether enterprises are paying for it.
GitLab is down about 10% year-to-date near $30, recovering from an all-time low of $18.73 in April.
7. Argan, Inc. (NYSE:AGX) | Mkt Cap: $9.13B | Implied Move: 16.72%
Argan, Inc. reports first-quarter fiscal 2027 results on Thursday, June 4, after the close.
Consensus calls for $2.31 in earnings per share on revenue of $256.03 million, building on a fiscal year in which the power-plant builder grew net income more than 60%.
The 16.72% implied move is the widest in dollars-per-share on the list at about $111.52, given Argan’s near-$670 stock price, and puts roughly $1.5 billion of market value at stake.
Argan’s engineering-and-construction subsidiary builds the gas-fired power plants now in demand to feed AI data centers, and its backlog reached $2.9 billion. JPMorgan upgraded the stock to Overweight with a $550 target in March on that thesis — yet the shares already trade above most analyst targets.
Argan is up about 109% year-to-date and more than 200% over the past year, making it one of the purest public proxies for data-center power demand.
6. Rubrik, Inc. (NYSE:RBRK) | Mkt Cap: $17.38B | Implied Move: 17.30%
Rubrik, Inc. reports first-quarter fiscal 2027 results on Thursday, June 4, after the close.
Estimates point to a loss of $0.03 per share on revenue of $366.28 million, with the top line growing more than 40% as the data-security company scales its cyber-resilience and AI-operations products.
The 17.30% implied move, about $13.60 a share, translates to roughly $3.0 billion of market value on the line. Rubrik has rallied close to 45% in about six weeks, climbing from the low $50s to near $78 as cybersecurity sentiment recovered, leaving little room for a soft guide.
Even after that surge the stock is up only about 10% year-to-date, inside a 52-week range from $42.25 to $103 — a reminder of how violently these names reprice on a single print.
5. X-Energy, Inc. (NASDAQ:XE) | Mkt Cap: $10.72B | Implied Move: 17.85%
X-Energy, Inc. delivers first-quarter 2026 results on Thursday, June 4, before the market opens — its first earnings report as a public company.
Analysts model a loss of $0.05 per share on revenue of $51.80 million for the advanced-nuclear developer, whose figures carry no comparable quarter given the April debut.
The 17.85% implied move, about $4.80 a share, puts around $1.9 billion of market value at stake on a name that has traded for barely five weeks. X-Energy raised $1.02 billion in late April in the largest nuclear IPO on record, pricing at $23 and opening 31% higher, backed by an Amazon.com Inc. (NASDAQ:AMZN) commitment to 5 gigawatts of small-modular-reactor capacity by 2039.
Cantor Fitzgerald initiated coverage with an Overweight rating and a $38 target.
The stock still trades roughly 20% below its IPO debut, so the first print will set the template for how the market values a pre-commercial reactor company.
4. Hewlett Packard Enterprise Company (NYSE:HPE) | Mkt Cap: $60.62B | Implied Move: 18.07%
Hewlett Packard Enterprise Company reports second-quarter fiscal 2026 results on Monday, June 1, after the close.
The Street is looking for $0.53 per share on revenue of $9.79 billion, a sharp acceleration helped by the $14 billion Juniper Networks acquisition that closed last July and a surge in AI-server demand.
An 18.07% implied move — about $7.78 a share — is the largest dollar exposure on this week’s list at roughly $11 billion of market value on a single session.
The print lands just two trading days after Dell Technologies soared on blowout server demand, dragging HPE and Super Micro Computer Inc. (NASDAQ:SMCI) higher with it.
HPE is up about 91% year-to-date near $44, with the question now whether its lower-margin server business can convert AI demand into the profit growth the re-rating already assumes.
3. Planet Labs PBC (NYSE:PL) | Mkt Cap: $16.86B | Implied Move: 18.95%
Planet Labs PBC reports first-quarter fiscal 2027 results on Thursday, June 4, after the close.
Analysts model a loss of $0.04 per share on revenue of $89.85 million, extending a fiscal year in which the satellite-imagery company grew revenue around 26%.
The 18.95% implied move, about $9.69 a share, puts roughly $3.2 billion of market value in play.
No stock on this list is more tied to the macro backdrop: Planet’s satellites captured imagery of Iranian naval and military sites after the February strikes, and the company was named a prime contractor under the U.S. Missile Defense Agency’s SHIELD vehicle and signed a sovereign-satellite deal with the Swedish Armed Forces.
Planet has surged about 140% year-to-date and more than 1,000% over the past year to near $51, making every guidance line a high-stakes event.
2. Brown-Forman Corporation (NYSE:BF) | Mkt Cap: $11.67B | Implied Move: 20.51%
Brown-Forman Corporation reports fourth-quarter fiscal 2026 results on Thursday, June 4, before the market opens.
Analysts peg earnings at $0.32 per share on revenue of $877.26 million for the maker of Jack Daniel’s, Woodford Reserve and Old Forester — a quarter expected to extend the soft demand that has weighed on global spirits.
The 20.51% implied move, about $5.48 a share, equates to roughly $2.4 billion of market value at stake.
Brown-Forman is the only consumer-staples name on this week’s list and the clearest read on whether premium-spirits demand is stabilizing after a multi-year de-stocking cycle.
The stock is essentially flat year-to-date near $27, close to the low end of a 52-week range that bottomed around $23.
1. Netskope, Inc. (NASDAQ:NTSK) | Mkt Cap: $5.24B| Implied Move: 21.71%
Netskope, Inc. tops the list with first-quarter results due Wednesday, June 3, after the close — only its third quarterly report since its September 2025 IPO.
The Street is modeling a loss of $0.07 per share on revenue of $198.18 million, with the cloud-security company still growing the top line around 25% even as losses persist.
Options are pricing a 21.71% swing — the largest implied move of the week, about $2.63 a share — translating to roughly $1.1 billion of market value at risk on a single session. Netskope sells a converged security-and-networking platform, and recent moves include an expanded Deloitte partnership and an integration with Anthropic’s compliance tooling.
The stock has slid about 25% year-to-date to around $12, down from a 52-week high near $28 — and that collapse is exactly why the options market is bracing: a beaten-down recent IPO heading into a print where guidance, not the quarter, decides the next leg.
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