Why is nvidia and palantir so far down today

Nvidia and Palantir experienced declines today due to a combination of factors:

1. **Market Corrections**: Both Nvidia and Palantir fell as part of a broader market correction. The Nasdaq Composite index faced pressure, and stocks like Palantir, which had experienced significant gains earlier in the year, were affected by profit-taking and macroeconomic concerns.
2. **Insider Selling**: Nvidia's stock was also impacted by insider selling. CEO Jensen Huang and other insiders sold over $1 billion worth of company stock, which could be interpreted as a sign of confidence in the stock's valuation at elevated levels.
3. **Export Curbs to China**: Nvidia's stock dropped as fears rose over the impact of U.S. export curbs to China. The company's access to the Chinese market, which was worth $50 billion, was effectively shut due to these curbs. This had a significant impact on Nvidia's stock price.
4. **Defense Budget Concerns**: Palantir's stock decline was influenced by a slight decrease in the U.S. defense budget, which dampened investor sentiment. Additionally, the company's recent minor decrease in the defense budget could signal a reduction in government spending, which might affect Palantir's future revenue.

In summary, the declines in Nvidia and Palantir's stock prices today can be attributed to a combination of factors including market corrections, insider selling, export curbs to China, and defense budget concerns.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|20250630|4.268|185|
|NVDA|NVDA.O|Nvidia|20250630|0.1521|185|
|PLTR|PLTR.O|Palantir|20250701|-4.746185446009389|185|
|NVDA|NVDA.O|Nvidia|20250701|-3.269194252800823|185|

|code|Ticker|Name|Date|Pre-Market Percentage Change|market_code|
|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|20250701|-0.8215962441314588|185|

|code|Ticker|Name|Date|Pre-Market Percentage Change|market_code|
|---|---|---|---|---|---|
|NVDA|NVDA.O|Nvidia|20250701|-0.5886448509399372|185|

|code|Ticker|Name|Date|Post-Market Percentage Change|market_code|
|---|---|---|---|---|---|
|NVDA|NVDA.O|Nvidia|20250701|3.0620910756346573|185|

|code|Ticker|Name|Date|Post-Market Percentage Change|market_code|
|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|20250701|5.121293800539088|185|