Walmart reached a $1 trillion market valuation and became the first retailer ever to reach market valuation of $1 trillion

Walmart reached a $1 trillion market valuation and became the first retailer ever to reach market valuation of $1 trillion

¨     Walmart reached a $1 trillion market valuation and became the first retailer ever to reach market valuation of $1 trillion.

¨     This places Walmart among the world’s most valuable companies.

¨     Most of the world’s most valuable companies are technology giants.

¨     Walmart’s shares have gained nearly 468% over the past decade.

¨     The company attracts higher-income shoppers seeking value and convenience and retains its traditional lower-income customer base.

¨     Walmart has rapidly expanded its online marketplace and introduced one-hour delivery options.

¨     It also launched Walmart+ to compete with Amazon Prime and invested heavily and early in artificial intelligence.

¨     About one in every four dollars spent on groceries in the U.S. goes to Walmart.

¨     Walmart’s valuation challenges the idea that only tech firms reach $1 trillion.

¨     John Furner became Walmart’s global CEO on February 1.

¨     Walmart recently joined the Nasdaq-100 Index, which includes the most valuable non-financial U.S. companies.