Nvidia draws heavy scrutiny prior to 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, despite Nvidia beating earnings expectations each time.
Investors are currently watching Nvidia's dependence on hyperscalers for the latest quarterly release. 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.