PresentationPeter KeithMD & Senior Research Analyst Okay. Thank you very much, everyone. Thanks for your patience. Welcome to our retail media discussion with Walmart at the Piper Sandler Growth Frontiers Conference. My name is Peter Keith. I'm the senior research analyst covering consumer hardlines and broadlines and I'm joined by my colleague and friend, Tom Champion. He's a senior research analyst covering Internet companies in the technology space. Quick introductions for who we have on stage. I think t ...

Larry Ellison and Elon Musk are trading the title of the richest person on the planet. Ellison took the crown on Wednesday as Oracle stock surged, but Musk reclaimed it by the end of the day. Oracle shares have roughly doubled this year thanks to AI buzz, while Tesla shares have receded. Elon Musk is the world's richest person again — but only just. He and Larry Ellison are vying for the title after Oracle's remarkable stock surge. The enterprise-software giant's cofounder briefly leapfrogged the ...

Summary of the Retail Media Discussion with Walmart and VIZIO Industry and Company Overview - The discussion centers around the retail media industry, specifically focusing on Walmart and its recent acquisition of VIZIO, which closed in December 2024 [6][13]. - Walmart aims to leverage VIZIO's capabilities to enhance its retail media network, creating a powerful platform for advertisers [6][13]. Core Points and Arguments Retail Media Evolution - Retail media is defined as actionable, performance-based media infused with first-party data, allowing for better targeting and efficiency in advertising [7][9]. - The traditional marketing funnel is evolving, with retail media moving from conversion-focused strategies to full-funnel approaches that include awareness and consideration stages [10][21]. - Walmart Connect reported $4.4 billion in revenue last quarter, growing at 31%, with even higher growth rates when including VIZIO [21]. VIZIO's Role and Business Model - VIZIO's business model focuses on its operating system, which generates revenue through subscriptions, data licensing, and advertising [14][15]. - The acquisition allows Walmart to tap into VIZIO's advertising capabilities, enhancing the customer experience by integrating shopping and entertainment [19][20]. - VIZIO's advertising includes display banners and a video business through its app, WatchFree+, which offers free ad-supported content [16]. Strategic Advantages of the Acquisition - The acquisition is seen as a strategic move to address declining hardware margins by focusing on the platform side of the business [17][19]. - Walmart's scale (150 million customers) combined with VIZIO's data capabilities allows for more personalized advertising and better measurement of advertising effectiveness [12][30]. - The integration of first-party data from both companies enhances targeting capabilities for advertisers, reducing waste and improving customer engagement [30][31]. Industry Trends - The retail media market is projected to reach a total addressable market (TAM) of $100 billion in the coming years, with a significant shift towards digital and connected TV advertising [35][40]. - Connected TV is expected to surpass traditional television in ad spending by 2027, driven by the growing preference for streaming content [40][71]. - The blending of retail and traditional media is creating new opportunities for advertisers to reach customers more effectively [35][36]. Important but Overlooked Content - The integration of AI and automation is expected to simplify the advertising process, allowing smaller advertisers to participate in performance-based media [43][44]. - The shift towards a self-serve advertising model enables smaller brands to compete effectively without needing large budgets [43][44]. - The cultural alignment between Walmart and VIZIO, focusing on providing high-quality products at affordable prices, supports a seamless integration process [64][65]. Conclusion - The partnership between Walmart and VIZIO is positioned to create a robust retail media ecosystem that benefits both advertisers and consumers through enhanced targeting, scale, and innovative solutions [73][78]. - The focus on solving business challenges for suppliers and enhancing customer experiences is central to the growth strategy of both companies [72][78].

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By Noel Randewich and Lewis Krauskopf (Reuters) -Wall Street's "AI trade" has propelled the market to record highs this year, and Oracle's stunning share-price gains are giving investors another reason to back the trade. Oracle shares jumped 36% on Wednesday after the company pointed to a demand surge from AI firms for its cloud services. The surge lifted its market value to $922 billion, leapfrogging the values of Eli Lilly LLY.N, JPMorgan Chase JPM.N and Walmart WMT.N. Gains this year for Oracle, Broa ...

12/ With the GENIUS Act passed and corporations like Walmart & Amazon exploring stablecoins, demand for stable, predictable onchain yield is only set to grow.The goal is ultimately to meet the demand for certainty by institutions through innovations enabled by Ethereum. ...

The retailer's earnings fell short of expectations last quarter, even though shoppers have not yet begun to feel the full impact of tariffs.Walmart (WMT -1.72%) has made for a fairly resilient stock to own over the years. The big-box retailer often acts as a one-stop shop for customers. Whether they're shopping for birthday presents, groceries, clothes, or prescriptions -- or all of the above -- it often makes sense for customers to simply go to their local Walmart to get everything.As prices have been risi ...

Today, Bitcoin climbs following an encouraging inflation reading. NASDAQ plans to invest $50 million in a partnership with crypto exchange Gemini. And Sylvia Fredo, general counsel of Miston Labs, weighs in on regulatory advancements for crypto in the US.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies are in the green as of midday and the S&P 500 jumped to a new record after a reading on wholesale prices unexpectedly dropped.A welcome development for investors vying for a Fed rate c ...

Core Insights - Walmart Inc.'s advertising growth is a significant highlight in Q2 of fiscal 2026, with a 46% increase in global advertising revenue, indicating a shift towards new revenue sources beyond traditional retail sales [1][7] - The advertising segment is enhancing Walmart's income statement by providing higher-margin growth compared to core retail, with marketplace sales rising nearly 20% and 44% of marketplace volume fulfilled through Walmart services [2][3] - The increase in ad sales reflects Walmart's ability to monetize traffic as e-commerce grows, with global digital sales up 25% in Q2, positioning advertising as a crucial driver for long-term resilience against cost pressures [3] Advertising Growth - Walmart's global advertising business surged 46% in Q2, with U.S. advertising through Walmart Connect growing 31% and Sam's Club ads increasing by 24%, while international markets like Flipkart contributed 15% to the growth [1][7] - Advertising and membership fees are improving margins, helping to offset tariffs and inflation, and contributing to overall profit growth [2][7] Market Performance - Walmart's shares have increased by 29.8% over the past year, closely aligning with the industry's growth of 30%, while competitors like Costco and Target have seen different performance levels [4] - The forward 12-month price-to-earnings ratio for Walmart is 36.62, which is higher than the industry average of 33.51, indicating a premium valuation compared to Target but a discount relative to Costco [5] Financial Estimates - The Zacks Consensus Estimate for Walmart's current financial-year sales implies a year-over-year growth of 4%, with earnings per share expected to grow by 3.6% [9] - Current estimates for Q2 sales are projected at $177.01 billion, with a year-over-year growth estimate of 4.38% [10]

Core Insights - Walmart Inc. benefits from a highly diversified business model and a robust omnichannel strategy that has increased traffic at both physical stores and digital platforms [1] Group 1: Expansion Plans - Walmart plans to introduce its first branded stores in South Africa later this year, following a Growth Summit that showcased innovative products from suppliers across 12 countries [2][10] - The new stores will offer affordable groceries and a variety of family, home, and entertainment items, featuring global brands in spacious environments with convenient services [2][10] - Specific store opening dates are set to be confirmed in October, with further details on locations, hiring, and community initiatives to be provided in the coming months [3] Group 2: E-commerce Growth - Walmart's e-commerce sales surged by 25% in the second quarter of fiscal 2026, driven by store-fulfilled pickup and delivery services [6] - The company has seen a 15.3% increase in global membership income and a 46% growth in its global advertising business [6] Group 3: Stock Performance - Over the past six months, Walmart's shares have gained 16.9%, outperforming the industry's growth of 15.9% [7]