Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting

Earnings

Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024. 
Julia Nikhinson | Reuters

Shares of Best Buy were popping Thursday as management made their case that an artificial intelligence upgrade cycle for personal computers and devices was starting to play out.

Articles You May Like

Luxury homes on these beaches are losing value fast, as effects of climate change hit hard
Millionaires are abandoning the UK in droves, new research shows
Student loan forgiveness deadline is June 30. Here’s what borrowers need to know
Gen X stands to gain the most wealth from the $84 trillion wealth transfer
Trump tax breaks are set to expire after 2025. Here’s what advisors are telling their clients