1. DoorDash, Inc. (NASDAQ:DASH)
Market Capitalization: $74.56 Billion
Expected 5-Year Earnings Growth: 48.96%
Number of Hedge Fund Holders: 117
DoorDash, Inc. (NASDAQ:DASH) is one of the high-growth large-cap stocks to invest in now. On May 28, DoorDash, Inc. (NASDAQ:DASH) announced the expansion of its delivery empire by inking a strategic partnership with Dollar Tree to offer on-demand delivery from its entire US store footprint.
Through the DoorDash platform, the company plans to offer delivery services from more than 9,000 Dollar Tree stores across 48 states. Dollar Tree is already available through DoorDash’s membership program, DashPass, which offers $0 delivery fees. It also offers reduced service fees on eligible orders. Customers can place orders by opening the DoorDash App and choosing on-demand or scheduled delivery.
Consumers can order more than 10,000 products from the discount retailer and have them delivered to their doorstep. In a bid to promote the new service, Dollar Tree is offering new customers 40% off orders with a subtotal of more than $25.
DoorDash, Inc. (NASDAQ:DASH) is an on-demand logistics and local commerce platform that connects customers with local restaurants, grocery stores, and retailers. It operates primarily through a mobile app and website, allowing users to order food, alcohol, pet supplies, and everyday essentials for quick delivery or self-pickup.
While we acknowledge the potential of DASH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DASH and that has 100x upside potential, check out our report about the cheapest AI stock.
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