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Walmart Tops $1 Trillion as Tech-Driven Shift Recasts the Retailer

Investor enthusiasm reflects higher-margin growth from its marketplace, advertising, memberships and AI-enabled shopping.

Overview

  • Shares touched about $126 in New York trading, briefly up roughly 1.6%, to push the company over the trillion‑dollar threshold on Tuesday.
  • Walmart is the first major retailer to join a club otherwise dominated by technology companies.
  • Higher-margin engines—third‑party marketplace, advertising and memberships—have gained traction as e‑commerce accelerates, including 28% U.S. online growth last quarter.
  • Recent partnerships add AI shopping on Google’s Gemini and purchasing via OpenAI’s ChatGPT, alongside internal AI use in supply chain and scheduling.
  • The stock’s double‑digit gains this year followed its inclusion in the Nasdaq‑100 and a leadership change to CEO John Furner two days earlier.