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

NEW YORK, July 29 : 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 per cent in either direction after the company reports fourth-quarter results. By comparison, over the last 12 earnings cycles, Microsoft has averaged a 4.8 per cent implied move and a 4.4 per cent actual move, Option Research & Technology Services (ORATS) data showed.The significantly higher pricing this quarter suggests that investors view Microsoft — one of the hyperscalers whose massive AI capital spending is at the heart of this year's AI rally and the broad