Nvidia Slides Further as Tech Stocks Retreat Ahead of Crucial Earnings Report

Nvidia NVDA extended its losing streak to a seventh consecutive session on August 24, 2026, falling 2.9% ahead of its earnings report, scheduled for Wednesday, August 26 after market close, according to SentiSense's earnings calendar .

The decline came amid a broader retreat in technology shares. The Nasdaq Composite slipped 0.76% to 25,980, while the Dow Jones Industrial Average rose 0.26% and the S&P 500 fell 0.28% on the same session, as investors rotated toward more defensive names. Gold, a traditional haven, rose 0.76% to $4,650.64 amid the risk-off tilt .

Two specific concerns weighed on sentiment. Reports that some Nvidia chip customers may face a 15% price hike raised questions about near-term demand . Separately, geopolitical uncertainty tied to US-Canada tariff threats and escalating Iran sanctions added to the cautious mood across the sector.

Looking ahead, SentiSense's own analyst consensus data show a STRONG_BUY rating on Nvidia, with an average price target of $304.73 (range $180 to $500) across 59 analysts and a Wall Street consensus EPS estimate of $2.09 for the upcoming print. Separately, an August 25 intraday snapshot put Nvidia shares around $213.05, up about 2.2% on the day, a partial rebound that highlights how volatile trading has become heading into Wednesday's report. Whether Nvidia can address the pricing and demand questions on the call may determine if the stock stabilizes or extends its slide, with potential spillover to other chipmakers.

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