Overview
- On Feb. 3, Walmart’s market value reached $1 trillion; the stock set a fresh 52-week high of $129.60 on Feb. 5 and is up about 15% year to date.
- Walmart shifted its listing to Nasdaq to align with a “people-led, tech-powered” strategy, according to CFO David Rainey.
- The retailer is embedding shopping into AI platforms, enabling purchases via ChatGPT through an OpenAI partnership and outlining plans to integrate with Google’s Gemini announced on Jan. 11.
- Operational results underpin the move: fiscal Q3 2026 net sales rose 5.8% to $177 billion, global e-commerce grew 27%, and U.S. advertising unit Walmart Connect increased 33%.
- John Furner took over as CEO on Jan. 31 as management reports greater penetration among higher-income shoppers and expands Marketplace into premium categories such as musical instruments, while Citi and Piper Sandler raised price targets.