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We recently published Jim Cramer Discussed AI "Mojo" & Commented On These 13 Stocks. Best Buy Co., Inc. (NYSE:BBY) is one of the stocks discussed by Jim Cramer.

Electronics retailer Best Buy Co., Inc. (NYSE:BBY)’s shares made quite a splash on the 13th after investment bank Goldman Sachs slashed its rating to Sell from Buy and reduced the share price target to $59 from $76. The main factor in the coverage was higher memory prices, as it worried about their impact on consumer electronics products such as laptops. Goldman outlined that the higher prices could lead to a growing demand for lower-priced products and a dip in volume. DA Davidson discussed Best Buy Co., Inc. (NYSE:BBY)’s shares on March 4th. It lowered the share price target to $78 from $85 and kept a Buy rating on the shares. The coverage came after the retailer’s fourth-quarter earnings report. Cramer discussed Goldman’s coverage and wondered about consumer sentiment:

“I couldn’t believe that. Oh my god I mean Best Buy they raised the dividend, this made it seem like you can’t touch it because it’s got that 6% dividend and that is a level, like we saw that with Whirlpool, where you start really worry about the dividend. I don’t know, I do think that memory prices up have forced them to raise price and that maybe the consumer, can say, look this is going up and it’s got nothing to do with Iran.”

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While we acknowledge the potential of BBY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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