Walmart’s shares climbed about 3% on Tuesday, lifting the retailer’s market value past $1 trillion for the first time and making it the first traditional retailer to reach the milestone.
The stock is up more than 28% over the past year, outperforming the broader market.
The rally reflects investor confidence in Walmart’s shift toward technology, automation, and convenience, including growing investments in AI and e-commerce. Inflation and economic uncertainty have also played to the company’s strengths, as shoppers across income levels continue to prioritize low prices.
The milestone comes alongside a leadership transition, with former U.S. division chief John Furner stepping into the CEO role and former e-commerce head David Guggina taking over the U.S. business, signaling a continued focus on digital growth and artificial intelligence.