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DoorDash, Inc. (NASDAQ:DASH) was among the stocks on which Jim Cramer gave his opinion, as he warned that increased AI-related spending might cause near-term headwind for stocks. A caller asked whether the company could maintain its growth-stock valuation if elevated gas prices and slowing consumer discretionary spending expose vulnerabilities in its business model. Cramer replied:

I think… this is a great question. I debate it all the time because there’s a couple of stocks that came public during a period, and there’s kind of wavering sometimes. I think Tony Xu has done a remarkable job putting together the number one company in its field. I think that you’re absolutely right. It sells at a premium multiple, 32 times earnings; maybe that’s too expensive. Maybe the stock would be better bought if it got down to $100 to $120. But that said, I like the company and management very much.

DoorDash, Inc. (NASDAQ:DASH) runs a commerce platform that connects merchants, consumers, and delivery partners. The company provides delivery, payment, and marketing solutions, as well as subscription and white-label services for businesses.

While we acknowledge the potential of DASH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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