Nvidia Earnings Preview: Can NVDA Stock Break Its Longest Losing Streak Since 2022?

Nvidia shares enter one of the year’s most closely watched earnings reports under unusual pressure. NVDA closed Friday at $214.75, extending its decline to six consecutive sessions: the stock’s longest losing streak since 2022.

The pullback remains modest in percentage terms. Nvidia has fallen about 4.7% from its Aug. 13 close of $225.30, with most daily losses below 1%. Still, the persistent selling stands out after AI stocks helped lift the broader technology sector earlier this month.

Earnings Growth Is Not the Main Concern

Nvidia will report fiscal second-quarter results on Wednesday, Aug. 26. The company has guided for approximately $91 billion in revenue, plus or minus 2%, after posting record first-quarter revenue of $81.6 billion.

Wall Street remains overwhelmingly bullish. Analysts tracked by TipRanks have maintained a Strong Buy consensus, while Bank of America has kept a $350 target. That optimism is consistent with the longer-term Nvidia forecast built around sustained demand for Blackwell and the upcoming Rubin platform.

Yet expectations are now high enough that another earnings beat may not automatically translate into a rally. Nvidia has repeatedly delivered strong results while investors shifted their attention toward future spending, margins and the sustainability of the AI infrastructure boom.