Dan Dolev says investor anxiety around inflation and private credit risks is overstating weakness in the consumer. He highlights Affirm (AFRM) and SoFi (SOFI) as beneficiaries of resilient credit demand, while noting shifting dynamics in crypto‑related names like Robinhood (HOOD) and Coinbase (COIN). Looking ahead, Dolev sees agentic commerce as a major tailwind for Visa (V) and Mastercard (MA) as automated transactions drive long‑term growth and pricing power.