Super Micro Computer Inc. (SMCI) shares fell sharply, dropping 15% after the company cut its guidance following a disappointing earnings report. The stock had already declined 12% in after-hours trading due to the poor financial results. Options market activity indicated an expected volatility of 14% for SMCI around the earnings release. Meanwhile, Advanced Micro Devices Inc. (AMD) was set to report its second-quarter 2025 earnings after the market close, with options pricing suggesting an 8% implied move. Historical post-earnings price movements for AMD have varied, with an average move of 6.35%. The earnings call for AMD was being broadcast live, attracting investor attention ahead of the report. Snap Inc. (SNAP) was also expected to release quarterly results, with options pricing indicating a 19% expected move. These earnings releases are closely watched by investors due to their potential impact on stock volatility and market sentiment.