Walmart reaches $1tn market value

Core Insights - Walmart has become the first retailer to exceed a $1 trillion market capitalization, with its stock price increasing by 468% over the past decade, driven by attracting higher-income consumers while retaining its traditional customer base [1][2] Group 1: Market Performance - The company's stock has risen significantly due to its ability to offer convenience and lower prices, appealing to a broader consumer base [1] - Walmart's market valuation was achieved shortly after it transitioned its stock listing from the New York Stock Exchange to Nasdaq [2] Group 2: Business Expansion - Over the last five years, Walmart has expanded its online marketplace to over 500 million items and introduced one-hour delivery in select locations [2] - The launch of Walmart+, a subscription service, positions the company competitively against Amazon [2] - Walmart has developed a $4 billion advertising business, which has positively impacted profit margins [2] Group 3: Strategic Initiatives - The new global CEO, John Furner, is tasked with increasing technology investments in a retail environment influenced by AI while competing with Amazon [3] - Walmart has formed partnerships with OpenAI and Google to integrate shopping tools into search-based chatbots [3] Group 4: Company History - Walmart started with a single store in Rogers in 1962 and now operates approximately 4,600 outlets across the US [4] - The company's shares initially traded over the counter in 1970 at $16.50 before moving to the New York Stock Exchange two years later [4]