Nvidia and Walmart are the favorites of investors with their Q3 reports.

As a significant portion of third-quarter financial reports has passed, investors are focused this week on the results of leading companies like Nvidia and Walmart.

So far, the third-quarter earnings season has had a positive start. According to FactSet data, as of November 14, 92% of S&P 500 companies have reported their results, and analysts expect a 13.1% increase in earnings per share in the third quarter. This figure indicates a double-digit earnings growth in the fourth quarter and an acceleration from the 12% growth rate reported in the second quarter of this year.

As the quarter began, expectations were quite low, and analysts anticipated a 7.9% increase in third-quarter earnings for S&P 500 companies. This week's focus will be on giants in artificial intelligence and retail such as Nvidia and Walmart, as well as additional reports from companies like Palo Alto Networks (PANW), Home Depot (HD), Lowe's (LOW), Target (TGT), TJX (TJX), and XPeng (XPEV).

Nvidia (NVDA) saw its stock jump more than 5% after reporting third-quarter results that exceeded analyst expectations and provided an improved outlook. Nvidia CEO Jensen Huang stated, "Blackwell sales are very high and cloud GPUs are sold out."

BJ's (BJ) reported third-quarter fiscal 2025 earnings that surpassed analyst expectations. The retailer's stock rose 4% after it raised its full-year profit forecast, supported by strong membership income.

Gap (GAP) reported better-than-expected earnings, leading to an increase in its stock prior to market trading hours. The company announced a $0.62 earnings per share along with a 5% year-over-year same-store sales increase.

Intuit (INTU) stock saw a slight increase following better-than-expected results in its first fiscal quarter earnings report. Additionally, Bath & Body Works (BBWI) stocks fell 23% as the company downgraded its forecasts.

Walmart (WMT), in its third-quarter earnings report, noted that consumer spending still appears strong, with CFO John David Rainey describing this situation as "consistent from a consumer perspective." He also highlighted a 4.5% increase in same-store sales revenue.

Nvidia CEO Jensen Huang questioned the risks of an artificial intelligence 'bubble' in his statements, emphasizing Nvidia's success in this field. He also noted that revenue projections closely watched by analysts have the potential to reach half a trillion dollars by the end of 2026.

Alongside algorithmic trading, Palo Alto Networks (PANW) announced that despite a 5% drop in stock value, it will continue to strengthen its business by exceeding earnings projections. TJX Companies (TJX) and Lowe's (LOW) have also already seen increases in their stock values.