Best Buy’s stock is rallying amid takeover speculation. But here’s the real story.

Best Buy’s stock is rallying amid takeover speculation. But here’s the real story.Listen(3 min)Listen(3 min)Shares of electronics chain Best Buy jumped on Thursday to become one of the S&P 500’s strongest performers, a move some on social media attributed to a potential takeover by videogame retailer and meme-stock name GameStop.But the analyst research note released Thursday that initially fueled that speculation, from the firm Gordon Haskett, actually said it was still unclear what company GameStop GME might have its eye on. And it said recent efforts by GameStop to put its money to work toward a transaction of some kind didn’t appear to signal interest in Best Buy BBY for now. About the AuthorBill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.A Dow Jones CompanyCopyright © 2026 MarketWatch, Inc. All rights reserved.