From Yahoo Finance: 2025-06-29 13:34:00

Best Buy Co., Inc. (NYSE:BBY) has seen its shares drop by 20.8% this year due to weak earnings and tariffs. The company cut its 2026 earnings guidance to $41.5 billion from $41.8 billion, assuming consistent tariffs. Best Buy also struggled in 2024 with excess AI PC inventory. Jim Cramer commented on the firm’s situation positively.

Cramer praised Best Buy Co., Inc. (NYSE:BBY) for exceeding expectations in recent earnings reports. CEO Corie Barry’s leadership and the company’s performance were highlighted. However, concerns about tariffs and rising prices due to imports from China and Mexico were mentioned. Cramer remains optimistic about BBY’s potential but sees other AI stocks as more promising.

For investors considering Best Buy Co., Inc. (BBY), there is potential in AI stocks with higher returns and lower risks. An AI stock that could benefit from Trump tariffs and onshoring is recommended in a free report. Interested individuals can explore the best short-term AI stock for investment opportunities.

To further explore investment options, check out the “20 Best AI Stocks To Buy Now” and “30 Best Stocks to Buy Now According to Billionaires” articles. Stay informed about potential investment opportunities in various sectors. This article is originally published on Insider Monkey.



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