Walmart Nasdaq Move Sends Walmart Stock Soaring Amid AI Hype

Core Viewpoint - Walmart demonstrated resilience amid a challenging market environment, with its shares rising 6.46% following strong quarterly sales and earnings, despite broader market losses [1][3]. Company Performance - In Q3 fiscal 2026, Walmart reported total revenues of $179.5 billion, a 6.2% increase compared to the previous year, with adjusted earnings per share rising 6.9% to $0.62 [7]. - Global commerce sales and global advertising revenue saw significant growth, increasing by 27% and 53% year-over-year, respectively [7]. - For the full fiscal year 2026, Walmart projects net sales growth between 4.8% and 5.1% and adjusted operating income growth of 4.8% to 5.5%, both in constant currency [9]. Strategic Moves - Walmart plans to transfer its stock listing to Nasdaq, which is expected to be the largest exchange transfer on record, starting on 9 December 2025 [2]. - The move aligns with Walmart's long-term strategy of becoming a tech-powered enterprise, leveraging advanced analytics and AI in its operations [4][10]. - The shift to Nasdaq is not merely symbolic, as Walmart is well-positioned to join the Nasdaq-100 Index, benefiting from a lower maximum annual listing fee and access to a growth-focused investor base [6]. Leadership Insights - Walmart's CFO expressed gratitude to the NYSE and excitement for the partnership with Nasdaq, indicating a positive outlook for the company's growth trajectory [5]. - The CEO highlighted strong performance across the business, particularly in eCommerce, and noted an increase in "value-seeking" customers across all income levels [8].