DoorDash rolled out Zesty, an AI-powered mobile app designed not for ordering food but for discovering where to eat next, marking a strategic move for the company. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Th ...

美国餐饮外卖/送餐市场领军者DoorDash Inc.(DASH.US)正在积极试验一款独立的且由人工智能技术所 驱动的社交与互动类型应用程序(App)，供用户们寻找新的餐厅，从而将其经营模式触达范围扩展至其 旗舰的现有外卖配送业务之外，进一步扩展"DoorDash本地生活服务生态"。 DoorDash一位发言人表示，该公司"始终在寻找新的方式，帮助人们与其社区中最好的事物建立专属连 接"。该公司拒绝评论为Zesty聊天功能提供支持的是具体哪些AI大模型。 据了解，这款名为Zesty的新应用正在旧金山和纽约进行公开测试，DoorDash联合创始人Andy Fang当地 时间周一在社交媒体平台X的一则帖子中写道。在使用DoorDash账户登录后，用户们将看到附近的餐厅 以及一个文本框，在其中他们可以向一名AI聊天机器人询问量身定制的餐饮推荐。推荐内容包含对第 三方来源的引用，例如Google Maps给出的评分、TikTok视频的点赞数量，以及在Reddit热门帖子中的提 及。 该应用还具备社交元素，比如用户们可以分享他们去过的餐厅的照片和创意想法，也可以浏览其他人的 帖子并关注其个人资料。在该应用当前版本中， ...

DoorDash is launching a new AI-powered social app that’s designed to help users quickly find local restaurants. The app, called Zesty, is initially available in the San Francisco Bay Area and New York.With the app, DoorDash is branching out beyond food delivery and stepping into the social and discovery space. The idea behind the app is to get rid of the need to read a bunch of different reviews, look up different menus, or browse TikTok when looking for a new place to eat. Once people open up the app and ...

DoorDash is piloting a standalone AI-powered app for users to find new restaurants, expanding its reach beyond its core food-delivery service https://t.co/1DCbbigLeM ...

Summary of Key Points from J.P. Morgan's US Internet 2026 Outlook Industry Overview - The report focuses on the **US Internet** sector, providing insights into market performance, macroeconomic factors, and company-specific forecasts for 2026. Core Insights and Arguments 1. **2025 Performance Recap**: - The internet sector outperformed the S&P 500 by 17% in 2025, with average performance across market caps showing significant variation: - Large Cap: +19% - Mid-Cap: +42% - Small Cap: +21% - Smaller Cap (<$2B): -16% [12][13] 2. **2026 Macro Outlook**: - J.P. Morgan economists estimate a **35% risk of recession** in 2026, with expectations of resilient global growth driven by fiscal stimulus and capital expenditure [19][23]. - Key economic indicators include: - GDP Growth: 1.8% in 2026 - Inflation: Expected to remain above 3% CPI - Unemployment: Projected to peak at 4.5% in Q1 2026 [21][19]. 3. **Investment Recommendations**: - **Top Picks for 2026** include: - Alphabet (Overweight, $385 PT): Growth driven by AI and cloud services [46]. - Amazon (Overweight, $305 PT): Expected growth in AWS and retail segments [51]. - DoorDash (Overweight, $300 PT): Anticipated GOV growth of 18% CAGR from 2025-2028 [57]. - Spotify (Overweight, $805 PT): Projected revenue growth driven by premium subscriptions [66]. 4. **AI and Cloud Growth**: - AI is expected to significantly drive cloud growth, with Google Cloud projected to grow in the mid-40% range and AWS adding the highest estimated revenue in 2026 [101][102]. - The report highlights the importance of AI in enhancing operational efficiencies and driving revenue growth across various sectors [78]. 5. **Valuation Metrics**: - The S&P 500 is projected to have a price target of **$7,500** by the end of 2026, suggesting a 9% upside [26]. - Internet companies are trading at an average of **10.2x 2027E EV/EBITDA**, with expected revenue growth of approximately **13% CAGR** from 2025 to 2027 [40]. Additional Important Insights 1. **Market Dynamics**: - The report discusses the competitive landscape in the AI space, noting that leading model developers like Google and OpenAI are pushing the frontier, but competition remains intense [89][94]. - The potential for AI-driven advertising and e-commerce growth is highlighted, with expectations for significant market share shifts in the online ad market [112]. 2. **Company-Specific Catalysts**: - Alphabet's AI tools are expected to enhance productivity and revenue, while Amazon's AWS is set to double its capacity by 2027 [56][88]. - DoorDash is focusing on expanding its marketplace and improving unit economics, while Spotify is ramping up its free cash flow and operating margins [60][68]. 3. **Key Questions for 2026**: - The report raises critical questions regarding AI monetization, the impact of AI on cloud growth, and the potential for disruption in various sectors, including travel and e-commerce [76][124]. This summary encapsulates the essential insights and projections for the US Internet sector as outlined in the J.P. Morgan report, providing a comprehensive overview of the anticipated trends and investment opportunities for 2026.

Group 1 - Argus Research has lowered the target price for DoorDash from $275 to $260 while maintaining a "Buy" rating [1]

Core Insights - DoorDash (DASH) is experiencing significant growth due to increasing consumer demand for e-commerce and local delivery services, leading to a notable rise in its e-commerce growth [1] Group 1: Company Performance - Total orders for DoorDash increased by 21% year over year to 776 million in Q3 2025 [3] - Marketplace Gross Order Value (GOV) rose by 25% year over year to $25 billion, indicating strong demand across platforms [3] - The company is expanding its partner base to enhance express grocery delivery services, solidifying its position in the on-demand delivery market [2] Group 2: Strategic Initiatives - DoorDash is diversifying into new verticals such as grocery, convenience, alcohol, and retail, adding major grocers like Kroger to its platform [4] - Investments in autonomous delivery systems, including a partnership with Waymo to test autonomous delivery in Metro Phoenix, are expected to further enhance e-commerce growth [5] Group 3: Competitive Landscape - DoorDash faces stiff competition from other local food delivery platforms like Uber Technologies and Amazon, which are also expanding their market presence [6] - Uber Technologies reported a 27% year-over-year increase in delivery segment revenues, while Amazon is integrating fresh groceries into its same-day delivery offerings [7][8] Group 4: Valuation and Estimates - DoorDash shares have increased by 3.7% over the past six months, underperforming the Zacks Internet-Services industry's growth of 74.7% [9] - The current Price/Book ratio for DoorDash is 10.19, which is higher than the industry average of 7.88 [12] - The Zacks Consensus Estimate for DoorDash's earnings in 2025 is $2.23 per share, reflecting a year-over-year increase of 668.97% [14]

分组1 - Colette Kress, CFO of Nvidia, indicated that geopolitical issues and competition in China are impacting the company's data center revenue outlook, with no revenue from China assumed in Q4 [1][6] - Nvidia's inventory increased by 32% and supply commitments rose by 63% sequentially, positioning for demand outside of China [1] - The U.S. government will receive a 25% revenue cut from Nvidia's H200 AI chip sales to approved customers in China, as announced by President Trump [5] 分组2 - Michelle Chang of Zoom emphasized a shift towards an AI-first strategy, focusing on enhancing workplace collaboration and developing new AI products [2] - Zoom's free cash flow margin reached 50%, aided by one-time improvements, but sustained progress is uncertain [3] - Enterprise net dollar expansion remains at 98%, with a goal to exceed 100% in the future [3] 分组3 - Virgin Galactic reported only $400,000 in revenue but is transitioning to a scalable operating model, with operating expenses down to $67 million [7][8] - The company aims for approximately $450 million in annual revenue and $100 million in adjusted EBITDA from two ships flying 125 missions a year [8] - Engineering milestones, such as a new oxidizer tank, are expected to enhance operational efficiency and reduce downtime [8] 分组4 - Bark's CFO highlighted a shift towards higher-value customers and improved retention, with marketing costs decreasing due to lower acquisition costs [9][10] - The company plans to increase margins through sourcing changes and a price increase in 2026 [10] 分组5 - Warner Bros. Discovery's CFO noted a strategic shift away from costly NBA rights to a standalone sports streaming app, expecting significant financial benefits [11][12] - HBO Max is projected to generate over $1.3 billion in EBITDA this year, with a target of 150 million streaming subscribers by 2026 [12] 分组6 - Texas Roadhouse is preparing for approximately 7% commodity inflation in 2026, with labor inflation expected to be around 3% to 4% [13][14] - The company plans to invest approximately $400 million in capital expenditures in 2026, focusing on new units and franchise acquisitions [14][15] 分组7 - DoorDash's CFO indicated that 2026 will be a year of heavy reinvestment while still achieving modest margin expansion [16][17] - The acquisition of Deliveroo is performing well, contributing approximately $200 million to EBITDA, with growth exceeding expectations [18] 分组8 - Vertex Pharmaceuticals is prioritizing capital investment in innovation and expansion, particularly in its kidney portfolio [19][20] - The company is focused on building a durable pain franchise while managing operating expenses and external uncertainties [20]

Core Insights - The article discusses the latest trends and developments in the investment banking sector, highlighting key performance indicators and market dynamics. Group 1: Industry Trends - Investment banking is experiencing a shift towards digital transformation, with firms increasingly adopting technology to enhance efficiency and client engagement [1]. - There is a growing emphasis on sustainable finance, as more investment banks are integrating environmental, social, and governance (ESG) criteria into their advisory services [1]. Group 2: Company Performance - Major investment banks reported a 15% increase in revenue year-over-year, driven by strong demand for advisory services and capital markets activities [1]. - Cost management strategies have led to a 10% reduction in operational expenses across the sector, improving overall profitability [1].

Core Insights - DoorDash (DASH) shares have increased by 29.7% over the past 12 months, outperforming the Zacks Computer & Technology sector's growth of 27.2% [1] - The growth is driven by strong order growth, rising Marketplace Gross Order Value (GOV), improved logistics efficiency, and increased advertising contributions [1] Company Performance - Total orders for DoorDash rose by 21% year over year to 776 million in Q3 2025, while Marketplace GOV increased by 25% year over year to $25 billion, indicating robust demand [2] - For Q4 2025, DoorDash anticipates Marketplace GOV to be between $28.9 billion and $29.5 billion, with 2025 revenue estimates significantly rising [9][10] Partnerships and Expansions - DoorDash is expanding its partner network, which includes notable companies like Old Navy, Family Dollar, Waymo, Kroger, and McDonald's, enhancing its service offerings and market reach [5] - A new partnership with Family Dollar was announced in November 2025 to provide on-demand delivery from approximately 7,000 stores nationwide [6] - In October 2025, DoorDash partnered with Waymo to test an autonomous delivery service in Metro Phoenix, with plans to expand the service later [7] - A new online ordering experience was launched with McDonald's, allowing customers to order McDelivery directly via mobile web or desktop [8] Financial Estimates - The Zacks Consensus Estimate for DoorDash's earnings in 2025 is $2.23 per share, reflecting a year-over-year increase of 668.97% despite an 8.23% decrease over the past 30 days [10] - The Zacks Consensus Estimate for 2025 revenues is projected at $13.75 billion, indicating a year-over-year increase of 28.28% [11] Competitive Landscape - DoorDash faces increasing competition from local food delivery platforms like Uber Technologies and Amazon, which are also expanding their delivery services [12] - Amazon's Prime membership program continues to enhance its delivery ecosystem, offering faster delivery options [13] - Uber Technologies reported a 29% year-over-year increase in its Delivery segment, highlighting the competitive pressure in the market [14] Valuation Concerns - DoorDash shares are considered overvalued, with a trailing 12-month Price/Book ratio of 10.23, exceeding the Internet - Services industry's average of 7.92 [15] - The current valuation concerns, along with intense competition and a fragmented market, may pressure margins [17]