Earnings live: Oracle stock dives on AI bubble concerns. Broadcom results after the close offer the next test.

Core Insights - The Q3 earnings season has shown strong results, with a projected 13.4% increase in earnings per share for S&P 500 companies, marking the fourth consecutive quarter of double-digit growth [2] - Analysts had initially expected a more modest 7.9% increase in earnings per share for Q3, indicating a significant upward revision in expectations [3] Group 1: Company Reports - Oracle is among the major companies yet to report its Q3 results, following a strong second quarter that showcased its leadership in AI and a substantial cloud backlog [1][4] - Other notable companies set to report include specialty retailers like GameStop, AutoZone, and Chewy, as well as Costco, which will provide insights into consumer spending trends [4] Group 2: Earnings Season Overview - As of December 5, 99% of S&P 500 companies have reported their earnings, reflecting a robust performance across the board [2] - The earnings reports from Adobe and Broadcom are also anticipated to conclude the Q3 reporting season, contributing to the overall financial landscape [5]