Framing Analysis
Cerebras will report earnings Tuesday after the bell, its first since going public last month, while Micron reports Wednesday. Options markets price in an 11.5 percent move for Cerebras and a 10 percent move for Micron, the latter the largest implied earnings swing since December 2024. Micron shares rose nearly 6 percent Monday to $1204, contributing to a 280 percent year-to-date gain.