'Durable' stocks Visa, Aon 'have legs' amid AI jitters, expert says
<body><p>STORY: A selloff of high-flying chip stocks is sparking fresh concerns about the sustainability of the AI-driven surge amid a nearly trillion-dollar spending boom.</p><p>"The level of spend is so high now that [AI-related] companies are now starting to have to issue debt to fund it," Lynch said. "And that's kind of a dividing line. And [there's] going to be some increased skepticism... on these AI trades going forward."</p><p>As a result, said Lynch, "you're going to see more rotation into these other areas," ones he calls "wide economic moat businesses that have great 10-year kind of durability to their cash flows and their earnings."</p><p>He names Mastercard and Visa among them, as well as insurance company Aon.</p></body>