Nvidia faces market attention prior to its upcoming earnings report. The stock recently suffered an unusual seven-day losing streak, putting shares under pressure. The stock fell after those reports during four consecutive quarters, with Nvidia surpassing earnings expectations each time.
Investors are now tracking Nvidia's dependence on hyperscalers for the latest quarterly release. They are also watching to see if Nvidia's fastest-growing business extends beyond chips. Prior to the release, Dory Wiley described the shares as a good buy.