18 mispriced tech stocks to buy after the AI ​​market turmoil: JPM

ticker: AFRM

12 month returns: -37%

What JP Morgan says“The software meltdown has taken the wind out of ‘Rule of X’ stocks with thin GAAP net margins including AFRM,” the analysts wrote. “Fundamentally, business performance is as strong as ever,” they added, highlighting Affirm’s competitiveness in the Buy Now Pay Later (BNPL) space.

ticker: C.R.D.O.

12 month returns: +71%

What JP Morgan says: Analysts who recently raised their estimates for Credo say, “The transition from copper to optical in data centers has been overstated, and the transition is expected to be gradual and long-lasting.” JPMorgan says Credo is well-positioned to benefit from ongoing AI infrastructure build-out and hyperscaler spending.

ticker: EFX

12 month returns: -twenty two%

What JP Morgan says: Equifax’s “strong guidance for 2026 is supported by increased demand for underlying data to inform credit decisions.”

ticker: F.A.

12 month returns: -53%

What JP Morgan says: Analysts explained that First Advantage’s services are unlikely to be replaced by AI because background checks are a regulated product. “We note that the AI ​​Institute contracts with FCRA-regulated entities to conduct background checks and does not conduct such checks itself,” they wrote.

ticker: F.I.S.

12 month returns: -31%

What JP Morgan says: “FIS is deeply tied to the complex regulated financial institutions that rely on its payment connectivity, especially as many banks lack a modern core platform.”

ticker: hub

12 month returns: -70%

What JP Morgan says: Hubspot was one of the software names that caught JPMorgan’s attention during the software meltdown. They said the company is “better insulated from the AI ​​replacement narrative because it either directly monetizes its AI products/agents or provides the foundational layers (compute, observability, data pipelines) that AI workloads themselves need to run.”

ticker: M.C.O.

12 month returns: -18%

What JP Morgan says“AI is unlikely to disrupt the credit ratings market, which is deeply embedded in customer contracts,” the analysts said, underscoring Moody’s dominant position alongside S&P Global.

ticker: MSCI

12 month returns: -9%

What JP Morgan says: “We believe it is unlikely that AI will disrupt the index market because the index is intended to be neutrally arbitrated and is deeply embedded in customer contracts.”

ticker: NIQ

12 month returns: -42%

What JP Morgan says: After NIQ Global Intelligence makes its public trading debut in 2025, JPM analysts said, “NIQ’s proprietary data will inform daily decision-making in the FMCG industry and benchmark channel, category, and product performance.”

ticker: Octa

12 month returns: -14%

What JP Morgan says: Okta stands to benefit as advances in AI drive the need for strong identification and access management. “It appears well-positioned to benefit from tailwinds from the acceleration of non-human identities,” JPM analysts wrote.

ticker: shop

12 month returns: -12%

What JP Morgan says“Even if AI were able to launch comparable in-store applications, it’s unlikely that AI will take over payments, fraud, taxes, reporting, or merchant support,” the analysts said, adding, “We think companies that try will end up restructuring Shopify’s organization and cost structure (at a fraction of its size).”

ticker: S.P.G.I.

12 month returns: -twenty three%

What JP Morgan says: Similar to Moody’s, analysts noted that S&P Global is isolated because credit ratings markets are likely safe from disruption by AI. They write, “Despite momentum in subscription metrics, investors are debating value risks for SPGI’s market intelligence business.”

ticker: tost

12 month returns: -30%

What JP Morgan says“We believe TOST’s favorable distribution and integration between restaurant payments and operations creates a strong moat that connects software, hardware, and fintech services,” the analysts wrote.

ticker: TRU

12 month returns: -twenty five%

What JP Morgan saysJPM said TransUnion, like Equifax, benefits from operating in a well-regarded sector, highlighting “strong momentum in the business” and suggesting the company’s AI efforts are being reaffirmed by customers.

ticker: TWLO

12 month returns: -13%

What JP Morgan says: Twilio, a customer engagement platform that helps businesses connect with customers through text and other channels, is one software name that JPM sees as insulated from AI because it monetizes its own AI products. Twilio offers CustomerAI, an AI-powered product that improves customer engagement.

ticker: Vieve

12 month returns: -twenty four%

What JP Morgan says: “Integrate agent AI within the Vault platform to provide direct, secure access to sensitive life sciences data and workflows with application-specific protections to maintain compliance and data integrity.”

ticker: VRSK

12 month returns: -38%

What JP Morgan says“VRSK’s core pricing and claims datasets come from the highly fragmented insurance industry and cannot be disintermediated by AI,” the analysts said, adding, “VRSK has built balance sheet capabilities to take advantage of equity dislocation.”

ticker: XYZ

12 month returns: -40%

What JP Morgan says: “Block is investing heavily in AI with Moneybot, Manager Bot, and Goose orchestration agents, building these tools directly into its payments ecosystem and hardware.” The company benefits from connectivity in the highly regulated payments space, similar to Toast and Shopify.