Nvidia remains under close watch ahead of 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 beating earnings expectations each time.
Investors are now tracking Nvidia's dependence on hyperscalers in the upcoming earnings report. They are also watching to see whether Nvidia's fastest-growing business is something other than chips. Ahead of the results, Dory Wiley described the shares as a solid purchase.