"NVIDIA is under pressure to deliver an overwhelming beat to justify its valuation," one commentator said on Wednesday ahead of the earnings report.

U.S. stocks climbed Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher after flipping between gains and losses several times during the day.

Nvidia's third-quarter earnings report, released after the market closed today, was strong. The stock is down in after-hours trading.

Nvidia reports earnings after the close. Forecasts are bullish, but commentators warn that there's little room for error with the stock at record levels.

Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war

Target’s stock was down more than 20% in afternoon trading, compared with a 0.6% decline for the S&P 500 index, according to FactSet data, at last check. The S&P 500’s consumer-staples sector was slumping 0.4% on Wednesday afternoon.

Earnings per share of 78 cents more than doubled (up 111%) from a year earlier. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 And the revenue for the period exceeded Nvidia's total revenue in fiscal 2023.

The challenge for Nvidia now is living up to the market’s incredibly high expectations for future earnings–Wall Street expects 54% revenue growth in 2025.

With Nvidia’s generally upbeat quarterly third-quarter earnings report now in the books, investors are gauging the company’s fourth-quarter outlook. In its third-quarter review last week, Nvidia also provided fourth-quarter guidance of $37.