Microsoft set for $190 billion market value swing after earnings results, options indicate

Options traders expect a roughly $190 billion swing in Microsoft’s market value after it reports ​earnings on Wednesday, an unusually large move that underscores investors’ growing eagerness to see if billions of dollars in AI spending are beginning to pay off.

The tech company’s options imply a move of about 6.6% in either direction after the company reports fourth-quarter results. By comparison, over the last 12 earnings cycles, Microsoft ‌has averaged a 4.8% ⁠implied move ⁠and a 4.4% actual move, Option Research & Technology Services (ORATS) data showed.