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 stock was rising Wednesday. The analytics software developer revealed a slate of new customers late Tuesday, which could be giving it a much-needed boost. Shares climbed 6.8% to $83.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 7% in the pre-market session after the company revealed new commercial customers, including Walgreens Boots Alliance and Heineken.

Palantir (PLTR) has been in a freefall over the past three weeks amidst concerns that President Donald Trump’s tariffs could lead to stickier inflation and an economic slowdown in 2025. Plus, Trump’s administration announced plans to lower defense spending last month that also did not bode well for PLTR shares.