Nvidia remains under close watch ahead of its upcoming earnings report. The stock lately experienced 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 closely monitoring Nvidia's dependence on hyperscalers in the upcoming earnings report. They are also trying to determine whether Nvidia's fastest-growing business extends beyond chips. Ahead of the results, Dory Wiley described the shares as a solid purchase.