Best Buy (BBY) Q2 2026 Earnings Call August 28, 2025 08:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Second Quarter Fiscal twenty twenty six Earnings Conference Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. As a reminder, this call is being recorded for playback and will be available by approximately one p.M. Eastern Time today. I will now turn the conference call over to Molly O'Brien, Head of ...

Core Viewpoint - The article emphasizes the transformative impact of artificial intelligence (AI) across industries, projecting a contribution of nearly $20 trillion to the global economy over the next five years, with significant investment opportunities in companies like Nvidia and Meta Platforms over the next two decades [1]. Group 1: Nvidia - Nvidia holds a dominant position in the graphics processing unit (GPU) market, essential for AI workloads, indicating substantial growth potential despite recent stock price increases [2]. - CEO Jensen Huang predicts a global increase in AI infrastructure, with Nvidia's products expected to enhance AI computing capabilities significantly over the next decade [3]. - Nvidia's recent quarterly report shows a 69% year-over-year revenue growth, with nearly 100 AI factories under development, doubling the number from the previous year [4][5]. - The company is well-positioned with its comprehensive solutions, and its networking revenue surged by 64% in the last quarter, reflecting high demand for data processing and AI workloads [5]. - Nvidia's trailing 12-month revenue exceeds $148 billion, with a growth rate of over 50% year-over-year, suggesting a vast long-term opportunity [6][7]. - The company is crucial in fulfilling the demand for AI, and its competitive advantages are expected to sustain long-term growth [8]. Group 2: Meta Platforms - Meta Platforms is positioned as a potential long-term beneficiary of AI, as advancements may lead to increased user engagement on social media platforms [9]. - The company plans to invest at least $64 billion in capital expenditures by 2025, primarily for data centers, indicating confidence in future returns from AI investments [10]. - Meta's revenue grew by 22% in 2024, with a continued momentum of 16% year-over-year growth in Q1 2025, driven by AI-enhanced ad targeting [11]. - The launch of AI-powered devices, such as Meta AI glasses, is expected to tap into a significant market, with sales of Ray-Ban AI glasses tripling over the past year [12]. - With over 3.4 billion daily users across its apps, Meta has a substantial audience to leverage AI technology for business growth, and its current valuation suggests potential for healthy stock price gains [13].

Meta Platforms (META 1.95%) is the parent company of the world's most widely used social media sites, like Facebook and Instagram. Its sprawling business has already allowed it to achieve a $1.67 trillion valuation, but I think there's much more in store. I could easily see it being worth $3 trillion in five years, which would provide market-beating returns for shareholders.Multiple factors influence this prediction, but Meta's various investments in artificial intelligence are the biggest. Few companies ar ...