Best Buy and AI Innovation as a Catalyst for Growth
Best Buy Co., Inc. $BBY-0.9%, a multinational consumer electronics retailer, has embarked on an artificial intelligence (AI)-powered product offering. This strategic move could boost demand for personal computers and become a major boost to the company's growth in the second half of the year. According to analyst Michael Baker...
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It may not be a bad deal at the moment. The stock is quite low, below the 2019 peak. Acceptable debt and EPS growth could help. But falling revenues are a problem.