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 dropped after those reports during four consecutive quarters, with Nvidia topping earnings expectations each time.
Investors are closely monitoring 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. Ahead of the results, Dory Wiley called the stock a good buy.