Walmart(US:WMT) Xin Lang Cai Jing·2025-12-09 14:58Core Viewpoint - Walmart has officially transferred its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, setting a record for the largest exchange migration in history with a market capitalization of $853.1 billion, surpassing PepsiCo's previous record of $166 billion in 2017 [1][3]. Group 1: Company Transition - The stock began trading on Nasdaq on December 9, 2025, under the same ticker symbol "WMT" [5]. - This transition reflects Walmart's commitment to a technology-driven transformation, aligning with its long-term strategy of being people-centric and technology-enabled [6][8]. - Walmart's CFO highlighted that the move resonates with the company's focus on integrating automation and AI technologies to enhance its retail ecosystem [6]. Group 2: Technological Investments - Walmart has invested over $10 billion in technology areas such as AI, supply chain automation, and digital payments from fiscal years 2023 to 2025 [7]. - The company has achieved over 60% of its goods processed by automated facilities in distribution centers, significantly improving logistics efficiency [7]. - Collaborations with OpenAI have led to a 90% automation rate in replenishment orders and a reduction in inventory turnover days to 30, compared to the industry average of 60 days [7]. Group 3: Financial Performance - In the third quarter, Walmart reported revenues of $179.5 billion, a year-over-year increase of 5.8%, with adjusted operating profit rising by 8% [9]. - The adjusted earnings per share reached $0.62, exceeding analyst expectations [9]. Group 4: Market Impact - Walmart's migration to Nasdaq enriches the market composition, with approximately 40 companies from the S&P 500 having migrated to Nasdaq, 24 of which are now part of the Nasdaq 100 index [10]. - Analysts suggest that Walmart is likely to be included in the Nasdaq 100 index following its transfer [11][12].