diff --git a/superset-frontend/src/components/Chart/Chart.jsx b/superset-frontend/src/components/Chart/Chart.jsx
index ab4fde84d2789..0d2914522d75a 100644
--- a/superset-frontend/src/components/Chart/Chart.jsx
+++ b/superset-frontend/src/components/Chart/Chart.jsx
@@ -29,6 +29,7 @@ import ErrorBoundary from 'src/components/ErrorBoundary';
 import { Logger, LOG_ACTIONS_RENDER_CHART } from 'src/logger/LogUtils';
 import { URL_PARAMS } from 'src/constants';
 import { getUrlParam } from 'src/utils/urlUtils';
+import { ResourceStatus } from 'src/hooks/apiResources/apiResources';
 import ChartRenderer from './ChartRenderer';
 import { ChartErrorMessage } from './ChartErrorMessage';
 
@@ -72,6 +73,7 @@ const propTypes = {
   onFilterMenuClose: PropTypes.func,
   ownState: PropTypes.object,
   postTransformProps: PropTypes.func,
+  datasetsStatus: PropTypes.oneOf(['loading', 'error', 'complete']),
 };
 
 const BLANK = {};
@@ -207,6 +209,7 @@ class Chart extends React.PureComponent {
       datasource,
       dashboardId,
       height,
+      datasetsStatus,
     } = this.props;
 
     const error = queryResponse?.errors?.[0];
@@ -216,7 +219,8 @@ class Chart extends React.PureComponent {
     if (
       chartAlert !== undefined &&
       chartAlert !== NONEXISTENT_DATASET &&
-      datasource === PLACEHOLDER_DATASOURCE
+      datasource === PLACEHOLDER_DATASOURCE &&
+      datasetsStatus !== ResourceStatus.ERROR
     ) {
       return (
         <Styles
diff --git a/superset-frontend/src/dashboard/actions/dashboardState.js b/superset-frontend/src/dashboard/actions/dashboardState.js
index 839b5feb7a153..053aa2f15fd49 100644
--- a/superset-frontend/src/dashboard/actions/dashboardState.js
+++ b/superset-frontend/src/dashboard/actions/dashboardState.js
@@ -612,3 +612,11 @@ export function maxUndoHistoryToast() {
     );
   };
 }
+
+export const SET_DATASETS_STATUS = 'SET_DATASETS_STATUS';
+export function setDatasetsStatus(status) {
+  return {
+    type: SET_DATASETS_STATUS,
+    status,
+  };
+}
diff --git a/superset-frontend/src/dashboard/actions/hydrate.js b/superset-frontend/src/dashboard/actions/hydrate.js
index f02d6f26484aa..4174d9780ba64 100644
--- a/superset-frontend/src/dashboard/actions/hydrate.js
+++ b/superset-frontend/src/dashboard/actions/hydrate.js
@@ -51,6 +51,7 @@ import { TIME_RANGE } from 'src/visualizations/FilterBox/FilterBox';
 import { URL_PARAMS } from 'src/constants';
 import { getUrlParam } from 'src/utils/urlUtils';
 import { FILTER_BOX_MIGRATION_STATES } from 'src/explore/constants';
+import { ResourceStatus } from 'src/hooks/apiResources/apiResources';
 import { FeatureFlag, isFeatureEnabled } from '../../featureFlags';
 import extractUrlParams from '../util/extractUrlParams';
 import getNativeFilterConfig from '../util/filterboxMigrationHelper';
@@ -400,6 +401,7 @@ export const hydrateDashboard =
           isFiltersRefreshing: false,
           activeTabs: dashboardState?.activeTabs || [],
           filterboxMigrationState,
+          datasetsStatus: ResourceStatus.LOADING,
         },
         dashboardLayout,
       },
diff --git a/superset-frontend/src/dashboard/components/gridComponents/Chart.jsx b/superset-frontend/src/dashboard/components/gridComponents/Chart.jsx
index 821b311b48fd2..134e026d7a38f 100644
--- a/superset-frontend/src/dashboard/components/gridComponents/Chart.jsx
+++ b/superset-frontend/src/dashboard/components/gridComponents/Chart.jsx
@@ -83,6 +83,7 @@ const propTypes = {
   ownState: PropTypes.object,
   filterState: PropTypes.object,
   postTransformProps: PropTypes.func,
+  datasetsStatus: PropTypes.oneOf(['loading', 'error', 'complete']),
 };
 
 const defaultProps = {
@@ -338,6 +339,7 @@ export default class Chart extends React.Component {
       isFullSize,
       filterboxMigrationState,
       postTransformProps,
+      datasetsStatus,
     } = this.props;
 
     const { width } = this.state;
@@ -463,6 +465,7 @@ export default class Chart extends React.Component {
             isDeactivatedViz={isDeactivatedViz}
             filterboxMigrationState={filterboxMigrationState}
             postTransformProps={postTransformProps}
+            datasetsStatus={datasetsStatus}
           />
         </div>
       </div>
diff --git a/superset-frontend/src/dashboard/containers/Chart.jsx b/superset-frontend/src/dashboard/containers/Chart.jsx
index 96e053e8ed60f..79b4e936da7a6 100644
--- a/superset-frontend/src/dashboard/containers/Chart.jsx
+++ b/superset-frontend/src/dashboard/containers/Chart.jsx
@@ -60,7 +60,7 @@ function mapStateToProps(
   const datasource =
     (chart && chart.form_data && datasources[chart.form_data.datasource]) ||
     PLACEHOLDER_DATASOURCE;
-  const { colorScheme, colorNamespace } = dashboardState;
+  const { colorScheme, colorNamespace, datasetsStatus } = dashboardState;
   const labelColors = dashboardInfo?.metadata?.label_colors || {};
   const sharedLabelColors = dashboardInfo?.metadata?.shared_label_colors || {};
   // note: this method caches filters if possible to prevent render cascades
@@ -101,6 +101,7 @@ function mapStateToProps(
     filterState: dataMask[id]?.filterState,
     maxRows: common.conf.SQL_MAX_ROW,
     filterboxMigrationState: dashboardState.filterboxMigrationState,
+    datasetsStatus,
   };
 }
 
diff --git a/superset-frontend/src/dashboard/containers/DashboardPage.tsx b/superset-frontend/src/dashboard/containers/DashboardPage.tsx
index cd6772527509e..be0ba9177278c 100644
--- a/superset-frontend/src/dashboard/containers/DashboardPage.tsx
+++ b/superset-frontend/src/dashboard/containers/DashboardPage.tsx
@@ -56,6 +56,7 @@ import { URL_PARAMS } from 'src/constants';
 import { getUrlParam } from 'src/utils/urlUtils';
 import { canUserEditDashboard } from 'src/dashboard/util/findPermission';
 import { getFilterSets } from '../actions/nativeFilters';
+import { setDatasetsStatus } from '../actions/dashboardState';
 import {
   getFilterValue,
   getPermalinkValue,
@@ -90,8 +91,11 @@ const DashboardPage: FC = () => {
     useDashboard(idOrSlug);
   const { result: charts, error: chartsApiError } =
     useDashboardCharts(idOrSlug);
-  const { result: datasets, error: datasetsApiError } =
-    useDashboardDatasets(idOrSlug);
+  const {
+    result: datasets,
+    error: datasetsApiError,
+    status,
+  } = useDashboardDatasets(idOrSlug);
   const isDashboardHydrated = useRef(false);
 
   const error = dashboardApiError || chartsApiError;
@@ -107,6 +111,10 @@ const DashboardPage: FC = () => {
     migrationStateParam || FILTER_BOX_MIGRATION_STATES.NOOP,
   );
 
+  useEffect(() => {
+    dispatch(setDatasetsStatus(status));
+  }, [dispatch, status]);
+
   useEffect(() => {
     // should convert filter_box to filter component?
     const hasFilterBox =
diff --git a/superset-frontend/src/dashboard/reducers/dashboardState.js b/superset-frontend/src/dashboard/reducers/dashboardState.js
index 21d70b4f53bb9..277865030cb79 100644
--- a/superset-frontend/src/dashboard/reducers/dashboardState.js
+++ b/superset-frontend/src/dashboard/reducers/dashboardState.js
@@ -42,6 +42,7 @@ import {
   RESET_SLICE,
   ON_FILTERS_REFRESH,
   ON_FILTERS_REFRESH_SUCCESS,
+  SET_DATASETS_STATUS,
 } from '../actions/dashboardState';
 import { HYDRATE_DASHBOARD } from '../actions/hydrate';
 
@@ -212,6 +213,12 @@ export default function dashboardStateReducer(state = {}, action) {
         fullSizeChartId: action.chartId,
       };
     },
+    [SET_DATASETS_STATUS]() {
+      return {
+        ...state,
+        datasetsStatus: action.status,
+      };
+    },
   };
 
   if (action.type in actionHandlers) {