Why Target Is Betting a Chief AI Officer Will Boost Growth

Target has hired its first Chief AI Officer, Chandhu Nair, to develop a cohesive AI strategy aimed at improving the shopping experience and inventory management. The move is part of Target's broader turnaround effort, which includes up to $5 billion in modernization investments. Target's stock has surged over 55% in 2026, and the company reported a 6.7% increase in net sales in Q1, exceeding expectations.