Investors are dumping Nvidia (NVDA) heading into its closely watched earnings report on Wednesday evening.
Nvidia stock has fallen for seven straight trading days, per Yahoo Finance AlphaSpace data
The sell-off marks the stock’s longest losing streak since 2022. The stock has lost about 7% over this stretch, compared with a 1.2% drop for the S&P 500 (^GSPC). The Nvidia bulls may be looking to avoid one harsh reality, at least from a short-term perspective.
Strong earnings reports haven’t been too kind to Nvidia’s stock of late. Nvidia stock has fallen in response to earnings in six of the past eight quarters, including the last four, per Yahoo Finance AlphaSpace analysis. The reality is that the market is positioned for the company to post something great and for CEO Jensen Huang to sound super bullish on the earnings call.