Nvidia faces market attention ahead of its upcoming earnings report. The stock recently suffered an unusual seven-day losing streak, weighing on share prices. The stock declined after those reports during four consecutive quarters, with Nvidia topping earnings expectations every single quarter.
Investors are closely monitoring Nvidia's dependence on hyperscalers in the upcoming earnings report. They are also watching to see whether Nvidia's fastest-growing business is something other than chips. Prior to the release, Dory Wiley described the shares as a solid purchase.