Nvidia remains under close watch ahead of its upcoming earnings report. The stock lately experienced an unusual seven-day losing streak, putting shares under pressure. The stock declined after those reports during four consecutive quarters, with Nvidia topping earnings expectations every single quarter.
Investors are now tracking Nvidia's dependence on hyperscalers for the latest quarterly release. They are also trying to determine whether Nvidia's fastest-growing business is something other than chips. Prior to the release, Dory Wiley described the shares as a solid purchase.