Microsoft shares could see a significant jump following the release of fiscal second-quarter results, scheduled for Wednesday. Analysts are predicting increased revenue and profits, driven by strong demand for artificial intelligence.

Options pricing suggests traders expect Microsoft’s stock to swing up to 5% in either direction after the earnings report. If the stock closes near $481 on Tuesday, a move of that size could lift shares to $502 at the high end or drag them down to $459 at the low end.

The last report from Microsoft was in October, and since then, shares have fallen 11%. At that time, the company exceeded expectations but announced significant investments in AI infrastructure. Investors will closely watch for guidance on capital expenditures and the “Intelligent Cloud” segment, which includes Azure.

Revenue for the second quarter is projected to be $80.31 billion, up 15% year-over-year, with earnings per share expected to be $3.87, a 20% increase from the previous year.