Nvidia faces market attention ahead of its upcoming earnings report. The stock recently suffered an unusual seven-day losing streak, putting shares under pressure. The stock dropped after those reports during four consecutive quarters, despite Nvidia surpassing earnings expectations every single quarter.
Investors are currently watching Nvidia's dependence on hyperscalers in the upcoming earnings report. They are also watching to see if Nvidia's fastest-growing business is something other than chips. Prior to the release, Dory Wiley described the shares as a solid purchase.