JPMorgan is getting more selective with tech stocks for 2026. They released a list of 11 companies they believe have durable moats. Arista Networks leads the list based on cloud and AI networking demand. In software, they picked Guidewire and Salesforce for their recurring revenue. Semiconductor picks included Broadcom and KLA, while Palo Alto Networks was chosen for cybersecurity. Visa and TransUnion were also on the list.