15 Stocks That Will Benefit From AI

Page 11 of 13

3. DoorDash, Inc. (NASDAQ:DASH)

EPS Next Year: 68.91%                

Number of Hedge Fund Holders: 81

With a strong EPS growth estimate for the next year and significant hedge fund interest, DoorDash, Inc. (NASDAQ:DASH) secures a spot on our list of the 15 Stocks That Will Benefit From AI.

A significant milestone was reached on August 19 when the European Commission started evaluating DoorDash, Inc. (NASDAQ:DASH)’s proposed $3.9 billion acquisition of UK-based Deliveroo under its streamlined merger procedure, indicating probable approval. First reported in May, the buyout occurs as Deliveroo faces declining post-pandemic demand.

A day earlier, on August 18, DoorDash announced its efforts to integrate AI into its business. Mariana Garavaglia, the company’s chief people officer, said AI was enabling staff members to innovate more quickly, automate processes, and customize training initiatives. When taken as a whole, these actions highlight DoorDash, Inc. (NASDAQ:DASH)’s dual objective of expanding internationally and strengthening its technology advantage.

With brands like DoorDash Marketplace and Wolt Marketplace, DoorDash, Inc. (NASDAQ:DASH) runs a global commerce platform that links retailers, customers, and independent contractors via food delivery, logistics, and digital services. It is on our list of the Best AI Stocks.

Page 11 of 13