close
close
Thu. Jul 18th, 2024

Best Buy’s CEO explains how the company is preparing to sell new AI-enabled computers – NBC Los Angeles

By Vaseline May30,2024

  • Best Buy CEO Corie Barry told CNBC’s Jim Cramer that the electronics retailer is getting ready to sell a slew of new personal computers with artificial intelligence.
  • “We are, as you can imagine, arming ourselves in every way possible to be the best place to experience this across the range,” Barry said. “So you’re going to see physical demos of all the products that you can touch and feel and play with, and most importantly, you’re going to see us certify and have specialized employees in hundreds of our stores.”

Best Buy CEO Corie Barry told CNBC’s Jim Cramer that the electronics retailer is getting ready to sell a slew of new personal computers with artificial intelligence.

“We are, as you can imagine, arming ourselves in every way possible to be the best place to experience this across the range,” Barry said. “So you’re going to see physical demos of all the products that you can touch and feel and play with, and most importantly, you’re going to see us certify and have specialized employees in hundreds of our stores.”

Microsoft announced last week that Dell, HP, Lenovo and other device makers will release Windows laptops with AI capabilities, known as Copilot+ PCs. Amazon, Best Buy, Costco and other retailers will sell the new computers.

Best Buy posted earnings results Thursday morning that showed sales were weaker than Wall Street had hoped, but Barry said on the earnings call that new devices would boost excitement and sales. Shares ended the day more than 13% higher at the end of the day.

Barry said Best Buy employees want to help customers find exactly what they want with the new technology and show them how new features work on different devices. She added that Best Buy is “trying to bring the story to life regardless of who the vendor partner is.”

“One of the things our teams are really good at is working with our suppliers way upstream,” she says. “Because we understand what people are actually looking for in the products. And we’ve partnered with Microsoft, we’ve partnered with Qualcomm, with others, so that we can help influence what actually comes to market, and then we can talk about it in a very human way.”

Register now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer The CNBC Investing Club Charitable Trust owns shares of Best Buy.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Would you like to take a deep dive into Cramer’s world? Save him!
Crazy money TwitterJim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website? [email protected]

Related Post