Nvidia remains under close watch 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, with 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 whether Nvidia's fastest-growing business is something other than chips. Ahead of the results, Dory Wiley called the stock a solid purchase.