
NVIDIA Corp (NASDAQ:NVDA) and Palantir Technologies Inc (NYSE:PLTR) shares are getting crushed Monday after both companies issued revenue warnings. One investor sees opportunity amid the reckoning.
What Happened: Nvidia shares plunged after the company issued preliminary second-quarter guidance below estimates, citing weaker gaming revenue. The chip company said it now expects second-quarter revenue to come in around $6.7 billion versus the estimate of $8.38 billion, according to data from Benzinga Pro.