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 (PLTR) stock is surging 7.17%, driven by optimism ahead of AIPCon, expanding commercial customer base, a U.S. Army TITAN contract, and a strategic AI partnership with KT.

Palantir stock (PLTR) is bouncing back. After tumbling 33% in the past month, shares climbed 5.3% to $83.42 on Wednesday. Stock