The Globe and Mail Analyst action
Is Best Buy the AI Winner Hiding in the Electronics Aisle?
Truist Securities has upgraded Best Buy Co. Inc. (NYSE: BBY) to a Buy rating, suggesting the electronics retailer could be an unexpected beneficiary of the AI boom. The thesis is based on Best Buy's role in selling AI-enabled consumer devices, with management noting double-digit sales growth in emerging AI categories. Despite recent share rallies and thin margins in …