Walmart has crossed a major milestone, becoming the first traditional retailer to reach a $1 trillion market value, underscoring its rapid transformation into a tech-driven retail giant.
The achievement places it alongside tech heavyweights like Amazon, Nvidia, Meta, and Microsoft in the trillion-dollar club.
Shares climbed 2.9% Tuesday to close at $127.71, pushing the company’s market capitalization to about $1.018 trillion.
The stock has rallied in recent months as investors cheered Walmart’s fast-growing e-commerce business, automation upgrades, and artificial intelligence investments that improve efficiency and cut costs.
Sales have surged as shoppers flock to Walmart for lower prices, quicker delivery, and a wide product range. The company now offers same-day delivery to 95% of US households and has automated many warehouse operations while keeping its workforce steady at 2.1 million.
Valued at just $212 billion in 2016, Walmart has reshaped itself to compete with Amazon.