Wall Street ended October with a sell-off in chip stocks. Intel Corp.
(NASDAQ:INTC) lost over 40% of its value in October alone, its worst month since 1974, after weaker-than-expected guidance. More than 10 chip stocks fell by over 20% on the month, with Friday’s sell-off wiping out $1 trillion of market value across the sector.
A new week of earnings kicks off with the focus on tech mega caps. Apple Inc.
(NASDAQ:AAPL) reports Nov. 2 after the close, Advanced Micro Devices Inc.
(NASDAQ:AMD) on Nov. 3 and Qualcomm Inc.
(NASDAQ:QCOM) on Nov. 4, both after the close.
AMD and Qualcomm each fell more than 11% on Friday. Yet, the biggest expected swings are elsewhere.
7% on Friday, according to Benzinga Pro data. An implied move is the percentage swing in either direction that options traders expect right after earnings.
Read Also: Chip Stocks Wipe Out $1 Trillion in Friday Bloodbath: 5 Stocks Alone Account for 60% of the Damage Which Stocks Could Swing The Most This Week? 10.
03% Implied Move The South Korea-focused e-commerce company reports Nov. 3 after the close.
70 billion. 6% the next day.
Deutsche Bank upgraded the stock to Buy afterward. Coupang Inc.
7% year to date. 9.
98% Implied Move The RAS-focused cancer drug developer reports Nov. 4 after the close.
48 million. On Oct.
15, European regulators’ CHMP recommended authorization for Rasonque in metastatic pancreatic cancer. TD Cowen reiterated Buy with a $250 target on Oct.
21. Revolution Medicines Inc.
6% year to date. 8.
07% Implied Move The web infrastructure and security company reports Nov. 5 after the close.
95 million. 6% after the second-quarter report.
9% on Friday. Bernstein raised its target to $245 on Oct.
29 but kept Market Perform. Cloudflare Inc.
6% year to date. 7.
18% Implied Move The genetic testing company reports Nov. 5 after the close.
90 million. 4% after the second-quarter report.
On Oct. 27, Natera presented new Signatera data in bladder cancer, and BTIG raised its target to $430.
Natera Inc. 1% year to date.
6. 55% Implied Move The optical components maker reports its fiscal first quarter Nov.
5 after the close. 25 billion.
The shares jumped 17% on Oct. 28 on takeover talk involving Marvell Technology Inc.
1% on Friday. Jefferies raised its target to $1,250.
Lumentum Holdings Inc. 8% year to date.
Read Also: Black Friday Came Early for Chipmakers: Intel and 10 Other Stocks Are More Than 20% Off This Month 5. 81% Implied Move The cloud monitoring platform reports Nov.
4 before the open. 15 billion.
0%. 29 that day and traded near $229 on Friday.
Datadog Inc. 6% year to date.
4. 15% Implied Move The medical supplies maker, public since December 2025, reports Nov.
4 before the open. 72 billion.
8% after a second-quarter beat. On Oct.
21, the company announced the exit of Medline-brand beds, with costs up to $220 million, according to Benzinga. Medline Inc.
0% year to date. 3.
15% Implied Move The optical networking components maker reports its fiscal first quarter Nov. 4 after the close.
31 billion. 7% on Friday.
B. Riley lowered its target to $262 on Oct.
30. Coherent Corp.
2% year to date. 2.
62% Implied Move The mobile advertising technology company reports Nov. 4 after the close.
08 billion. 7% after the last report and hit 52-week lows in October, according to Benzinga.
UBS and RBC Capital lowered their targets on Oct. 28.
AppLovin Corp. 3% year to date.
1. 70% Implied Move The mRNA company reports Nov.
6 before the open. 05 million.
On Oct. 22, Merck and Moderna reported Phase 3 melanoma data showing a 42% lower risk of recurrence or death, and the shares plunged about 15% after a YouTuber disclosed a put position, according to Benzinga.
William Blair downgraded the stock on Oct. 27.
Moderna Inc. 6% year to date.
