Mastercard is a great business to look at outside of the AI space: Argent Capital's Jed Ellerbroek

June 5, 2026 - 00:02

Jed Ellerbroek, a portfolio manager at Argent Capital Management, recently appeared on "Power Lunch" to steer investors toward opportunities outside the artificial intelligence and tech frenzy. While AI stocks have dominated headlines, Ellerbroek highlighted Mastercard as a compelling business worth a closer look.

According to Ellerbroek, Mastercard operates in a unique space that benefits from steady global consumer spending and digital payment adoption, without relying on the speculative growth narratives tied to AI. He pointed out that the company's network effects, strong brand, and recurring revenue streams make it a reliable performer. Unlike many tech firms that are still figuring out how to monetize AI, Mastercard has a clear, proven business model that generates consistent cash flow.

Ellerbroek also noted that Mastercard is not immune to economic cycles, but its diversified geographic exposure and long-term shift away from cash provide a solid foundation. He argued that investors often overlook such "boring" stocks in the rush for high-growth AI plays, but Mastercard's resilience and steady returns make it a smart addition to a balanced portfolio. For those tired of the AI noise, Mastercard offers a grounded alternative with tangible results.