Walmart (WMT) has reached the quadruple-comma club with a market value of $1 trillion thanks to a record high on Tuesday.
Shares are up as much as 12% year-to-date, outpacing Amazon’s roughly 6% gain. That builds on Walmart’s 26.5% year-over-year rise, compared with a 14% increase for the S&P 500 and just 2.6% for Amazon.
In its goal to compete with Amazon (AMZN), Walmart (WMT) has embraced artificial intelligence, expanded its delivery capabilities to include same-day, and invested in its pharmacy business. This has translated into increased memberships (12% growth year-over-year) and its most profitable quarter in Q2 this year.
