Catenaa, Tuesday, February 03, 2026- Walmart joined the $1 trillion market cap group on Tuesday after a rally that pushed the stock up by 3%, with its investments in AI.
The stock rose by over 3%, reaching an intraday record of $128 per share and lifting its market value to just over $1 trillion, according to data compiled by Bloomberg.
The shares are up 14.7% this year, outpacing the S&P 500 Index’s 1.9% advance.
The Bentonville, Arkansas-based chain, a longtime favorite of bargain-hunting consumers, has flexed its massive scale and supplier network to keep prices low and grab market share across the income spectrum.
While Walmart has maintained its appeal to households looking for value, its online offerings are drawing new, wealthier shoppers seeking convenience.
Recent investments in artificial intelligence have helped supercharge the stock’s advance.
Walmart has been pushing to incorporate AI across its operations and is already using the technology to speed up tasks ranging from scheduling to supply-chain management.
Earlier this year, it announced a partnership with Alphabet Inc. to offer AI-enhanced shopping on Google’s Gemini platform, and recently teamed up with OpenAI to allow customers to browse and buy its products directly through ChatGPT.
The company was added to the Nasdaq 100 Index last month, underscoring investors’ appetite for its tech ambitions.
The retailer is the biggest company in the S&P 500 Consumer Staples Index by market value, followed by Costco Wholesale, Procter & Gamble, and Coca-Cola.
It’s now also one of the few non-tech firms that are worth $1 trillion or more, along with Berkshire Hathaway and Saudi Aramco.
Analysts appear confident in the company for now, with Walmart boasting 47 buy-equivalent ratings to go along with just three holds and one sell, according to data compiled by Bloomberg.
