Nvidia Sinks: Earnings Apprehension Or AI Trade Unwind? Is Nvidia A Buy Now?

Nvidia (NVDA) stock is heading for a seventh consecutive loss on Monday, pressured ahead of its second-quarter earnings report this week, as investors weigh earnings apprehension against a broader AI trade unwind. The chipmaker, recently named IBD Stock Of The Day, had formed a clear base and hit an early entry point before the recent slide, which followed earnings reports from key AI-related companies such as Advanced Micro Devices.