Palantir Technologies (PLTR) stock has been among the high-growth technology investments that have suffered in the ongoing market correction

Every so often, a stock captures the imagination of investors like few others can. The company's technology promises to be so innovative, so disruptive, that investors are willing to pay incredible multiples, believing that future returns justify massive current valuations.

Palantir Technologies Inc. (NASDAQ:PLTR) shares moved higher on Wednesday as the software sector rebounded from weakness earlier this week.