27 Companies With Wide Moats That Won’t Be Snuffed Out by AI
We expect these companies to be winners in an AI world.
Economic Moat Rating Changes
More on Economic Moat Rating Changes
These Top Tech Stocks Can Stand Up to AI Risks
Plus, why some software stocks are not down and out yet.
AI Isn’t an Economic Moat Killer, but It Will Disrupt Industries
How we’re rethinking companies’ competitive advantages in an AI-first world.
3 Cybersecurity Stocks to Invest In as AI Reshapes Industries
And why this industry in particular stands to benefit from AI disruption.
3 Moat Downgrades Caused by AI Disruption—and 1 Wide Moat That Stayed That Way
Which previous software stock picks we think AI threatens the most, and why this company stands out from its peers.
The Morningstar Wide Moat Focus Index and the Changing Wide-Moat Landscape
AI, while not a universal disruptor, has inspired a wave of economic moat downgrades.
An Oversold Stock to Buy Amid AI Disruption Fears
We think the 2026 pullback in this wide-moat stock is overdone.
AI and Economic Moats: Which Stocks Are Most at Risk?
Behind the scenes of Morningstar equity analysts’ review of the economic moats for 132 companies.
Baidu: Moat Downgraded to None from Wide; AI Segment Growth to Offset Search Decline In Long Run
We’ve also lowered our fair value estimate of Baidu stock.
Markets Brief: How Will AI Affect Economic Moats? Morningstar’s Take on the New Paradigm
A broad assessment of AI’s threats and opportunities leads to moat-rating changes for more than three dozen companies.
Updating Moat Ratings and Fair Value Estimates for Payroll Firms
Our update on select stocks from the Software - Application industry.
Capital Markets Information Services: Reviewing Our Moats for the Rise of AI
We downgraded our moat ratings to none from narrow for FactSet and SS&C.
Lowering Moat Ratings for IT Services Firms Due to AI’s Disruption of Knowledge-Based Work
Our update on select stocks from the Information Technology Services industry.
Trade Desk: Downgrading Moat to None on Increasing Competitive Intensity Despite OpenAI Report
We think The Trade Desk stock is fairly valued.
Moat, Valuation, and Uncertainty Changes as We Reassess Our Cybersecurity Coverage With AI In Mind
Our update on select stocks from the Software - Infrastructure industry.
Downgrading Ratings for Six Wide-Moat Software Companies on AI Concerns
We think it is hard to recommend any software stock in this environment due to the extreme uncertainty.
Oracle: Despite Some AI Benefits, Lowering Moat Rating On Disruption Threat
We’ve also reduced our fair value estimate of Oracle stock.
Sabre: Moat Downgrade to None From Narrow on Balance Sheet Constraints
We’ve also lowered our fair value estimate of Sabre stock.
Downgrading Wolters Kluwer and Thomson Reuters Moats to Narrow on AI Disruption Potential
We still view Thomson, RELX, and Wolters stock as undervalued, reflecting heavy pessimism about the sector.
Workday: With Potential for AI Disruption, We Downgrade Moat Rating and Fair Value Estimate
We think Workday stock is fairly valued.
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