Stock Movers: Snap Surges on AI Deal, DoorDash Plunges on Investment Plans

Snap's AI Partnership Boosts Shares

• 🚀 Snapchat shares surged over 25% after announcing a $400 million partnership with Perplexity AI.
• 💡 This deal integrates Perplexity's AI search engine into Snapchat's Chat interface, creating a new business line and positioning Snap in the AI chatbot market.
• 💬 The integration is set to begin in 2026, while Snap's existing My AI chatbot will remain available.

DoorDash Faces Investor Concerns Over Future Investments

• 📉 DoorDash shares plunged nearly 20% due to the company's announcement of increased investments in new products and internal tools for the upcoming year.
• ⚠️ This increased capital expenditure forecast overshadowed strong results, including gross order value growth ahead of estimates.
• 🛠️ Investments will also focus on AI tools aimed at improving developer productivity.

Qualcomm Navigates Tax Changes and Strong Outlook

• 📊 Qualcomm reported a bullish revenue forecast for the current period, with sales projected around $12.2 billion.
• 💰 However, a US tax change led to a significant write-down, impacting profit and resulting in a quarterly loss.
• 📈 Despite a 3.8% dip in after-hours trading, the company's outlook suggests strong demand, particularly in the Android phone market.
• ⚠️ The stock's prior rally may have also set high expectations, contributing to the muted investor reaction.