However, Palantir stock could get a big shot in the arm when the company releases its second-quarter results on Aug. 3. Software stocks are winning back investor confidenceThis has been a difficult year for software stocks. However, software stocks seem to be gaining popularity among investors once again. Even Palantir stock has recovered 26% from the 52-week low it reached on June 25. A similar situation could unfold on Aug. 3, and this time, the market could reward Palantir for its improving growth trajectory.