Nvidia Notches Longest Losing Streak Since 2022. Tomorrow’s Earnings Could Make It Worse

Nvidia's 7-day losing streak, its longest since 2022, arrives as Wall Street expects $92 billion in revenue and 95% year-over-year growth.

Nvidia stock has fallen after earnings in 6 of the last 8 quarters, including 4 straight, making a post-report rally far from guaranteed.

Despite a consensus Buy rating and a $308 price target, Nvidia has gained just 12% in 2026 while the PHLX Semiconductor Index surged 61%.

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The stock market has entered a stretch where merely delivering strong earnings is no longer enough for many of its biggest winners. Investors have grown accustomed to companies beating expectations, raising guidance, and then watching their shares struggle anyway as the bar keeps moving higher.

That makes Nvidia 's ( NASDAQ:NVDA ) upcoming report particularly important. The company isn't simply reporting another quarter of explosive growth. It is trying to convince a market increasingly focused on the cost, financing, and eventual return on the hundreds of billions being committed to artificial intelligence infrastructure.

Nvidia closed yesterday at $208.48, down 2.91%, for its seventh consecutive daily decline -- its longest losing streak since September 2022. The S&P 500 fell just 0.28%, underscoring how much pressure has concentrated in semiconductor stocks.

There is a chance the streak ends today. Nvidia was trading about 1% higher in premarket activity this morning, but with fiscal second-quarter earnings scheduled after Wednesday's close, shareholders have little time to celebrate a technical rebound.