Nvidia faces market attention ahead of its upcoming earnings report. The stock lately experienced an unusual seven-day losing streak, weighing on share prices. The stock dropped after those reports during four consecutive quarters, with Nvidia topping earnings expectations every single quarter.
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 described the shares as a solid purchase.