LIVE MARKETS-Nvidia's stock falters, but it's still been a strong US earnings season

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NVIDIA'S STOCK FALTERS, BUT IT'S STILL BEEN A STRONG US EARNINGS SEASON

The U.S. earnings season is nearly wrapped up, with Nvidia's NVDA.O quarterly results late Wednesday marking the last of the reports from the big U.S. company names.

Nvidia's upbeat results and forecast signaled that the AI boom is not over, but the stock is down 3% on Thursday as the company's first-quarter gross margin outlook was below expectations.

Still, as of Thursday morning, year-over-year earnings growth for the final quarter of 2024 was estimated at 16.9% for the S&P 500 overall, up from 15.7% growth as of last Friday, according to LSEG.

That latest number is based on results from 466 of the S&P 500 .SPX, and is on track to be the highest quarterly growth for S&P 500 companies since 2021.

S&P 500 earnings growth for all of 2024 has improved since January and is now estimated at 12% following the strong fourth-quarter season, while at the same time estimated earnings growth for 2025 has weakened to 10.8% versus 14.0% at the start of January, based on LSEG data.

(Caroline Valetkevitch)

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