Closing Bell Closing Bell 3/11/26
Mar 11, 2026
Leslie Picker, a CNBC financial services reporter, and Stephanie Link, an investment pro focused on banks and software. They discuss JPMorgan’s pullback from private credit, shifts in financials and bank opportunities, software’s investability amid AI disruption, and which software segments stay mission-critical. Short, timely market moves and major corporate developments pop up throughout the conversation.
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AI Ecosystem Keeps Parts Of Market Afloat
- Despite geopolitical and macro shocks, AI-driven themes and consumer resilience are keeping parts of the market afloat.
- Stephanie Link said AI's ecosystem—from data centers to power companies—is still performing and broadening beyond MAG-7.
Pick Software Stocks That Embed AI
- Be selective when buying software; focus on companies embedding AI rather than just talking about it.
- Deirdre Bosa recommended stock picking within software because IGV is still down ~20% YTD and disruption risks persist.
Mission Critical Software Is Hard To Replace
- AI will improve quickly but replacing mission-critical software is hard and slow, creating winners among entrenched vendors.
- Alex Kantrowitz argued switching enterprise systems risks getting someone fired, so incumbents have time to adapt.