Nvidia remains under close watch prior to its upcoming earnings report. The stock recently suffered an unusual seven-day losing streak, putting shares under pressure. The stock declined after those reports during four consecutive quarters, despite Nvidia topping earnings expectations each time.
Investors are currently watching 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 called the stock a good buy.