Why the Market Loved Walmart’s Earnings, But Not Nvidia’s

• Nvidia (NVDA) posted grounds gross of $57B successful Q3 with information halfway income up 66% year-over-year. Nvidia shares fell 4% aft the study contempt beating expectations.

• Walmart (WMT) reported gross of $169.6B with e-commerce income surging 43%. Walmart advertizing gross jumped 53% pursuing its Vizio acquisition.

• Nvidia trades astatine a guardant P/E adjacent 24 with a beta of 2.3 portion Walmart sits astatine a P/E astir 37 with a beta of 0.6.

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Earnings reports tin plaything fortunes overnight, and we saw a survey successful contrasts past week Nvidia (NASDAQ:NVDA) unveiled its third-quarter fiscal 2026 results past Wednesday aft the marketplace closed, posting grounds gross of $57 cardinal -- a 22% leap from the anterior 4th and 62% year-over-year surge, fueled by unrelenting AI spot demand. Yet, contempt crushing expectations, Nvidia's shares dipped astir 4% successful the days following, and proceed to descent this greeting amid broader tech assemblage jitters.

The adjacent day, Walmart (NYSE:WMT) dropped its ain beardown numbers earlier the marketplace opened, with gross hitting $179.5 billion, up 6% year-over-year, and e-commerce soaring 27%. Walmart banal has responded with a greater than 4% rally, and it is pushing higher again contiguous arsenic investors question stability.

This communicative of 2 reports highlights however adjacent blowout results don't warrant applause -- discourse and sentiment regularisation the day.

Nvidia's Q3 was a testament to its AI dominance. Data halfway gross -- the motor of its maturation -- topped $51 billion, a 66% surge from past year, with gross margins narrowing somewhat to 73.4% from 74.6% a twelvemonth agone (but higher than Q2).

CEO Jensen Huang dismissed "AI bubble" chatter, emphasizing sovereign AI investments and Blackwell spot ramps. Guidance for Q4 pointed to continued acceleration, with analysts raising their net expectations to $1.52 per stock from $1.42, which is 12% supra past year. On paper, it was a smashing success, but the marketplace yawned, past dropped the stock.

Walmart, meanwhile, delivered reliable gains. While U.S. comparable income maturation eased backmost to 4.5% from 5.3% past year, e-commerce income jumped 27% globally, with each azygous conception enjoying amended than 20% gains. Of peculiar enactment were the beardown gains Walmart made successful advertising, with income rocketing 53%  pursuing its Vizio acquisition past December. Even without Vizio, Walmart saw a 33% leap successful Walmart Connect revenue.