Investors are waiting for Nvidia and Walmart's reports.

Third quarter earnings results are largely behind us, and investors are focused this week on important reports from Nvidia and Walmart. So far, the third quarter earnings season has had a positive start. 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 for the third quarter. If this figure materializes, it will indicate double-digit earnings growth for the fourth consecutive quarter.

This optimism in the third quarter is quite significant compared to analysts' expectations of a 7.9% increase in earnings per share for S&P 500 companies as of September 30. This week, investors' attention will be on major players in the artificial intelligence and retail sectors, such as Nvidia and Walmart. Additionally, earnings reports from companies like Palo Alto Networks, Home Depot, Lowe's, Target, TJX, and XPeng will be published this week.

TJX Companies, the parent company of T.J.Maxx and Marshalls, reported better earnings and an improved outlook on Wednesday, which raised its stock by 3% in pre-market trading. The company recorded earnings of $1.28 per share and $15.1 billion in net sales. According to S&P Global Market Intelligence, analysts had expected earnings of $1.22 per share and $14.85 billion in revenue. Comparable store sales increased 5% year-over-year, and growth was seen across various segments.

The company also raised its earnings guidance for the year, expecting comparable sales to increase by 4%, and the pre-tax profit margin is projected to be around 11.6%. TJX set its diluted earnings per share estimate between $4.63 and $4.66. TJX Companies CEO Ernie Herrman stated, "The fourth quarter has started strong, product availability is great, and we are excited about the opportunities we see in the markets."

Lowe's stock rose by more than 5% on Wednesday, exceeding Wall Street estimates. Meanwhile, Target fell 2% in pre-market trading as the company lowered its year-end earnings guidance, presenting a cautious outlook for the holiday season. During a time of strained consumer spending, Target is facing price issues in food, healthcare, and housing sectors.

Nvidia's results, set to be announced on Wednesday evening, will be a significant development reflecting investors' concerns regarding artificial intelligence. Nvidia’s stock may show dramatic movement after the announcement, as Reuters reported that Nvidia options expect a 7% asymmetric move following the quarterly report. This could create a $320 billion fluctuation in Nvidia’s market value.

Other companies like Medtronic and Klarna have also reported strong demand along with their earnings reports. Developments in the market have drawn investors' attention, while reports from companies like Applied Materials and Disney have caused fluctuations.