A caller reported being down about 30% on DoorDash and asked whether it still fit a long-term “own it, don’t trade it” approach. The response was that DoorDash is a buy. The weakness was attributed to a sector rotation pattern affecting platform names such as Uber, DoorDash, and Reddit, rather than to company-specific problems. The rotation was described as investors preferring hardware and semiconductors, including AI-related exposure, while avoiding other categories. DoorDash and other platform stocks were shown as down year to date, while semiconductor-related companies were up strongly. The business growth was also presented as continuing, with recent quarterly performance indicating ongoing momentum.
"“There's a real group of stocks now. Uber, DoorDash, Reddit, they are going down. People want to own hardware. They don't want to own those others, they don't want to own Zscaler. They don't want to own semiconductors. I mean they want to do so for this one Semi only semi. And that's what's hurting DoorDash.”"
"“That's what they want is semi, not DoorDash.”"
"“DASH is down 32% year to date, with shares at $158.30 after starting the year above $226. Uber ( NYSE:UBER) is down 14% YTD. Reddit ( NYSE:RDDT) is down 37% YTD. Three platform companies bleeding in unison.”"
"“When Jensen Huang calls AI infrastructure 'the largest infrastructure expansion in human history,' capital follows. Every dollar chasing that thesis is a dollar not buying food delivery, ride-share, or social. Goldman's 2026 outlook flagged this directly, noting that semiconductors are seeing continued multiple expansion as opposed to software.”"
Read at 24/7 Wall St.
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