Nvidia’s NVDA beat-and-raise quarterly results have calmed AI-centric concerns, with earnings up +57.3% and revenues up +62.5%. The stock, up +35% this year, is a key player in the Mag 7 group, which includes GOOGL and TSLA. The group’s Q3 earnings grew +28.3% on +18.1% higher revenues.

The Mag 7 group is expected to contribute 26% of all S&P 500 earnings in 2026, up from 11.7% in 2019. Q3 results from 473 S&P 500 members show total earnings up +15.6% on +8.3% higher revenues. Earnings for the group range from -39.5% for TSLA to +57.3% for NVDA.

Nvidia’s Q3 earnings growth trend is on track to double its full-year 2025 earnings compared to last year. Analysts expect earnings to grow +55% next year and +26.7% in 2027. The Mag 7 group is steadily improving its earnings outlook, with significant contributions to the S&P 500 index.

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Read more at Nasdaq: Mag 7 Earnings Outlook Improves: A Closer Look