Is the party finally over for the shares of Palantir Technologies ( PLTR 3.93%)? It took just over two years for the stock to rise from the $6 per share range to the all-time closing high of $124.62 per share. Still, within less than a month, it has surrendered 32% of its value.

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,

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.