Bank of America identifies DoorDash, Take-Two Interactive, and Chewy as the internet stocks best positioned against Agentic AI disruption. The sector faces pressure as investors worry AI tools could alter traffic, competition, and monetization, despite limited real-world impact so far. BofA notes the group's 17% average decline this year, underperforming the S&P, driven by 'multiple compression on AI risk.' Concerns include AI cannibalization of traffic and higher distribution costs, though BofA argues AI may be a 'tailwind' for these firms.

DoorDash benefits from its 3-sided marketplace model, deemed hard to replicate, with AI favoring its lower costs, speed, and selection. Take-Two leverages its IP legacy, cultural relevance, and franchise networks, making it 'highly defensible' against AI threats. Chewy relies on brand loyalty, service quality, and convenience, with AI unlikely to replace its last-mile delivery or personalized pet care.

These Buy-rated stocks, down at least 15% this year with minimal revenue revisions, are seen as more insulated from emerging AI risks, offering potential value amidst sector weakness.