When investors go hunting for ways to profit from the artificial intelligence boom, they reach for the obvious names: the chipmakers, the cloud giants, the software firms racing to embed AI into everything. What almost nobody thinks to look at is the humble electronics retailer. Yet that may be exactly where one of the more unexpected opportunities is quietly taking shape.
Best Buy Co. Inc. (NYSE: BBY) has just received a vote of confidence from Wall Street, with Truist Securities upgrading the stock to Buy on the view that the retailer benefits as AI works its way into the everyday gadgets it sells. It's an angle that’s flown under the radar up to now, and it poses an interesting question—could this unglamorous high-street name be one of the smarter ways to play the AI theme?
