Coming on Tuesday, Microsoft plans to start selling new AI-enabled laptops at Best Buy, with roughly 40% of Copilot+ PCs exclusive to the retailer.
We think that high-end offerings like these will give Best Buy a much-needed boost in sales and later for its stock price, too.
In Monday's note to clients, the analysts also said that Best Buy can get a "volume benefit from lowering prices on previous models of the same product."
That's a key reason why we first initiated our position in Best Buy earlier this year.
People walk past a Best Buy store in Manhattan, New York City, November 22, 2021.
Persons:
I'm, it's, Jeff Marks, Marks, we've, Jim Cramer's, Jim Cramer, Jim, Andrew Kelly
Organizations:
UBS, CNBC, Club, Microsoft, Federal, 1Q
Locations:
Friday's, Manhattan , New York City