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Walmart cracks into the $1 trillion club [Business Insider]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
and start reading now. Have an account? Log in Walmart's stock price rose about 3% on Tuesday, pushing the retailer's valuation to $1 trillion. The company has boosted its shares by redefining itself with an emphasis on tech and convenience. A recent leadership transition — including a new CEO — signals a future focus on AI and e-commerce. The latest entrant to the four-comma club doesn't make software or semiconductors — it sells groceries Walmart stock closed 3% higher on Tuesday at $127.71, bringing the company to a market valuation of $1.02 trillion — a first for any traditional retailer. Wall Street has been a big fan of the stock in recent years, driving the price up by more than 28% from a year ago, significantly outpacing the S&P 500's 16% gain over the same period. Driving the valuation are the company's big bets on AI and automation as it continues to win new customers online and in-store. Years of inflation and economic uncertainty have also played to Wal
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