Savvy investors ought to treat the tariff-fueled selloff as an opportunity to buy the dip in technology stocks, according to one well-known bull. Wedbush analyst Dan Ives wrote in a research note published late Monday that it’s a good time to snap up shares in some beaten-down names: chip designer Nvidia,

Tech stocks are getting battered by President Donald Trump’s new tariffs, but some analysts say it’s time to buy the dip. According to Wedbush

Palantir (PLTR) has been in a freefall over the past three weeks amidst concerns that President Donald Trump’s tariffs could lead to stickier inflation and an economic slowdown in 2025. Plus, Trump’s administration announced plans to lower defense spending last month that also did not bode well for PLTR shares.

Shares of Palantir Technologies ( PLTR -11.35%) are plummeting on Monday. The company's stock lost 11.1% as of 2:20 p.m. ET and was down as much as 12% earlier in the day. The drop comes amid broader market weakness, with the S&P 500 down 2.8% and the Nasdaq Composite down 4.2%.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) fell 10.1% in the afternoon session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread.