Jim Cramer Discusses Best Buy (BBY) & TVs

Published on June 2, 2026 at 12:22 am by Ramish Cheema in News

We recently published Jim Cramer Warned About Market Manipulation & Discussed These 22 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 are up by 17.6% over the past year and by 12.6% year-to-date. May has been a great month for the stock as it gained 20.8% between the 27th and the 29th. In April, Goldman Sachs discussed Best Buy Co., Inc. (NYSE:BBY) as it cut the rating to Sell from Buy and reduced the share price target to $59 from $76. The bank remarked that the retailer could suffer from the impact of higher memory prices on its demand. Memory prices have surged due to excessive demand from AI chips. Like Goldman, Cramer also discussed memory prices and shared additional context about Best Buy Co., Inc. (NYSE:BBY)’s CEO and new TVs:

“But Corie Barry took this company through Covid, took this company through this memory shortage, took the company through terrible inflation. And I think they did a good job and I think she’s leaving at a high. This was an amazing quarter. People don’t realize it. They had, appliances are up, PCs were up, they used a lot of AI, got tied up with Google, AI. Really brought in the right merchandise. It was an excellent quarter by Best Buy. And I think that the most amazing thing, you know RGB? Red Blue and Green, TVs have Red, Blue and Green. Those are the dominant colors. And they now have that worked out to a science. That you may want to go get a new television. I’m going to get a new television because I didn’t know that they had now taken it to a new level. TV as you know it is about to change and it’s just being phased in right now.”