New to stocks – Question about Nvidia earnings and Palantir

Hey everyone,

I’m pretty new to stock investing—I’ve been buying individual stocks for about two weeks now. Before that, I was only investing in ETFs. As luck would have it, I jumped straight into Palantir after the first drop at $107, so I’m currently sitting on some nice losses and planning to hold for the long run.

I’ve been reading a lot here on the forum, and I keep seeing people mention waiting for Nvidia’s earnings tonight. The general sentiment seems to be:

• If Nvidia’s earnings are good → hold Palantir.
• If Nvidia’s earnings are bad → wait, as the market could drop and Palantir might become cheaper.

What I don’t quite understand is: Does Nvidia’s earnings report have a direct correlation with Palantir, or would a bad result from Nvidia just drag the entire market down?

Sorry if this is a dumb question, just trying to learn! Appreciate any insights.