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 fell after those reports during four consecutive quarters, despite Nvidia topping earnings expectations every single quarter.
Investors are closely monitoring Nvidia's dependence on hyperscalers for the latest quarterly release. 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 promising investment.