DoorDash Among Three Internet Stocks Down 15% YTD Least Exposed to AI Disruption
Bank of America listed DoorDash among three internet stocks down over 15% YTD yet best insulated against Agentic AI risks due to its scale and three-sided delivery marketplace. The firm notes minimal 2027 revenue revisions and expects AI agents to favor DoorDash for lower delivery costs, speed and selection.
1. AI Risk Drives Sector Underperformance
Multiple compression driven by Agentic AI risk has fueled a 17% year-to-date drop in the Internet sector, as investors weigh potential traffic cannibalization and higher distribution costs. The firm identifies DoorDash, Take-Two and Chewy as the three stocks least exposed to these emerging threats.
2. DoorDash’s Scale and Marketplace Advantage
DoorDash’s three-sided delivery marketplace—linking consumers, couriers and merchants—creates high barriers to entry with scale advantages that AI agents are unlikely to replicate. The firm expects AI-driven purchasing to favor DoorDash’s lower delivery costs, faster fulfillment and extensive selection.
3. Insulation Evident in Revenue Outlook
Each of the three stocks trades at least 15% below its prior peak yet shows minimal year-to-date 2027 revenue revisions, reinforcing the view that their business models remain insulated from AI-related disruption risk.