Overview
- Shares closed at $127.71 on Tuesday, putting Walmart near a $1.02 trillion market value after touching fresh intraday highs.
- The company is the first traditional retailer to enter the trillion‑dollar club, a group otherwise dominated by technology giants.
- A December switch to Nasdaq and January inclusion in the Nasdaq‑100 reinforced a tech‑oriented repositioning that has supported the stock.
- Higher‑margin marketplace and advertising businesses, alongside roughly 28% U.S. e‑commerce growth last quarter, are driving optimism about profits.
- New AI tie‑ups with Google’s Gemini and OpenAI’s ChatGPT highlight digital ambitions as John Furner steps in as CEO.