Walmart Joins $1 Trillion Club as Tech, Frugal Shoppers Fuel Gains

(Bloomberg) — A rally in Walmart Inc. shares pushed its market capitalization past $1 trillion on Tuesday for the first time ever, vaulting the world’s largest retailer into a category typically occupied by Big Tech firms such as Nvidia Corp. and Alphabet Inc. The stock rose as much as 1.6% as of 9:45 a.m. in New York trading, reaching an intraday record of $126 per share and lifting its market value to just over $1 trillion, according to data compiled by Bloomberg. The shares are up 12% this year, outpac ...