10:15 ET -- Concerns about Palantir Technologies facing rising competition are likely overblown, Oppenheimer analysts Param Singh and Jake Heimowitz say. Some investors have worried that companies such as Anthropic, OpenAI and Databricks are an increasing threat to Palantir, but the analysts believe Palantir's success in the U.S. is a testament to its differentiated strength. They believe Palantir appeals to customers with more complex workloads and offers more flexibility than these competitors, which will allow it to differentiate itself. Shares are up 23%.