On Tuesday, Walmart (WMT.US) rose 1.1%, with a year-to-date increase of 13%, and its market capitalization surpassed the $1 trillion mark for the first time. Analysts pointed out that recent investments in artificial intelligence have boosted the company’s stock price. Walmart is pushing to introduce AI technology across various operational processes, which are now used to accelerate tasks from scheduling to supply chain management. Earlier this year, Walmart announced a partnership with Alphabet to offer AI-enhanced shopping experiences on the Google Gemini platform; more recently, it teamed up with OpenAI to allow consumers to browse and purchase products directly through ChatGPT.
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Walmart(WMT.US) Market Cap Breaks $1 Trillion for the First Time, with a Cumulative Increase of 13% This Year
On Tuesday, Walmart (WMT.US) rose 1.1%, with a year-to-date increase of 13%, and its market capitalization surpassed the $1 trillion mark for the first time. Analysts pointed out that recent investments in artificial intelligence have boosted the company’s stock price. Walmart is pushing to introduce AI technology across various operational processes, which are now used to accelerate tasks from scheduling to supply chain management. Earlier this year, Walmart announced a partnership with Alphabet to offer AI-enhanced shopping experiences on the Google Gemini platform; more recently, it teamed up with OpenAI to allow consumers to browse and purchase products directly through ChatGPT.