Nvidia faces market attention ahead of its upcoming earnings report. The stock recently suffered an unusual seven-day losing streak, weighing on share prices. The stock dropped after those reports during four consecutive quarters, despite Nvidia surpassing earnings expectations every single quarter.
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 extends beyond chips. Ahead of the results, Dory Wiley described the shares as a solid purchase.