It is one of the most important earnings weeks of the quarter.

The world’s biggest company, NVIDIA Corp. (NASDAQ:NVDA), reports its fiscal second-quarter 2027 results on Wednesday.

According to Benzinga Pro, the options market is pricing a 5.27% implied move on the stock. On a company worth about $5.2 trillion, that works out to roughly $275 billion of market value swinging in a single session.

An implied move is the swing in either direction that options traders pay to hedge against ahead of a report. It measures expected volatility, not direction.

Yet screening Benzinga Pro for U.S.-listed companies worth at least $20 billion, the biggest expected moves this week sit well away from Nvidia.