AMD, Super Micro Computer and Navitas Semiconductor report after the US close on Tuesday, 5 May 2026. The options market set expected earnings-week moves into the 8 May 2026 expiry: AMD about 8% ($331.70 to $389.38), SMCI about 12.55% to 12.77% ($23.70 to $30.50), and NVTS \u00b1$2.99 or 17.16% ($14.45 to $20.43).<\/p>\n
Recent AI-linked results included MaxLinear Q1 revenue of $137.2m (up 43% year on year) with Q2 guidance of $160m to $170m versus a $137.1m estimate, and infrastructure revenue up 136% year on year. Monolithic Power posted Q1 revenue of $804.2m (up 26% year on year) and Enterprise Data revenue of $262.8m.<\/p>\n
Google Cloud revenue rose 63% to $20bn and its backlog nearly doubled to $460bn. Microsoft Cloud revenue rose 29% to $54.5bn; commercial remaining performance obligation rose 99% to $627bn, and Azure and other cloud services grew about 40%.<\/p>\n
Key levels cited were AMD support at $336 to $340, with $349.50 and $363 above, and short float 2.20% (short interest 35.65m shares). SMCI levels include $25.47 to $26.20, resistance at $31.70 to $31.74, short float 16.84%, and short interest 86.79m shares.<\/p>\n
Navitas levels include support at $16, resistance at $18, short float 23.32%, and short interest 48.57m shares. Moves beyond implied ranges are described as the marker for a larger repricing.<\/p>\n
With AMD, Super Micro, and Navitas set to report tonight, we are watching to see if the AI rally has more room to run. Last week’s strong results from cloud providers set a positive tone, but now the market needs confirmation from the hardware side. The key question is whether forward guidance can justify the market\u2019s already high expectations.<\/p>\n
For us, the options market provides the clearest benchmark for the immediate reaction to tonight’s earnings. These implied moves tell us what is already priced in, so a move inside these ranges is just noise. A sustained break above or below these levels is what signals a real repricing and is the trigger for our strategies in the coming weeks.<\/p>\n
Looking at AMD, the focus is on its AI accelerator growth. We remember its data center revenue grew 80% year-over-year in the final quarter of 2025, setting a high bar for tonight’s MI300 accelerator sales figures. If guidance is strong and the stock breaks its upper implied range of $389.38, we would look to buy call options for the coming weeks; a miss and a break below $331.70 would have us considering puts.<\/p>\n
Super Micro is the more volatile setup, which we saw when it surged over 200% in the first quarter of 2025 before pulling back. Recent industry reports from late 2025 showed AI server shipments were up over 25% year-over-year, so strong revenue is expected. A beat that pushes the stock past the key resistance near $31.74 could trigger a short squeeze, making out-of-the-money calls an interesting play for a high-momentum move.<\/p>\n
Navitas is the most speculative play, but its high short interest of over 23% makes it sensitive to any surprises. The underlying market for its GaN power components is projected to grow over 30% annually, but the company must show it is capturing this demand. Given its potential for a large move in either direction, we might consider a straddle to play the volatility, or wait for a clear break of the $16 support or $18 resistance to place a directional bet with simple puts or calls.<\/p>\n","protected":false},"excerpt":{"rendered":"
AMD, SMCI and Navitas report May 5; options imply big moves, with AI-cloud results supporting volatility.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-46361","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t