Walmart Stock Gaining Steam Ahead of Debut on Nasdaq-100

Core Insights - Walmart Inc. is set to join the Nasdaq-100 index on January 20, 2026, marking its transition from a traditional retailer to a tech-driven enterprise [1] - The addition of Walmart to the Nasdaq-100 reflects its large market capitalization and strong trading liquidity, as well as changing perceptions of the company [4] Company Transition - Walmart's strategic decision to shift its stock listing from the New York Stock Exchange to Nasdaq's Global Select Market in late 2025 signifies a move towards aligning with a technology-focused investor base [3] - This transition ends a 50-year association with the NYSE and was completed in December 2025 [3] Market Reaction - Following the announcement, Walmart's stock gained 4.7% over three sessions, while AstraZeneca's stock declined by 1.6% [2][5] - Investor response has been favorable, with passive funds and index-tracking investors preparing to rebalance their portfolios in light of Walmart's inclusion [4]