Nvidia draws heavy scrutiny prior to its upcoming earnings report. The stock lately experienced 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 each time.
Investors are currently watching Nvidia's dependence on hyperscalers for the latest quarterly release. They are also trying to determine if Nvidia's fastest-growing business extends beyond chips. Prior to the release, Dory Wiley described the shares as a solid purchase.