Walmart has crossed the US$1 trillion (A$1.426 trillion) market cap threshold, joining an exclusive club typically occupied by big tech firms like Nvidia and Alphabet.
At the end of Tuesday, the largest grocer in the United States reached a market cap of US$1.02 trillion while shares closed 3% higher at US$121.71.
According to TradingView, shares for the company have risen 31.97% over the past year and 14.62% since the start of 2026 at the time of writing.
While the grocer continues to appeal to those looking for a bargain, its online offerings are drawing in new, wealthier shoppers seeking convenience.
“It’s been a massive digital transformation that Walmart’s gone through over the last few years,” chief investment officer at Accuvest Global Advisors, Eric Clark, told Bloomberg.
“They’ve pivoted away from being just a traditional brick-and-mortar retailer to using technology to drive more engagement.”
Walmart has also pushed to incorporate AI across its operations, and it is already using the technology to speed up tasks ranging from scheduling to supply chain management.
This also follows the company partnering with Alphabet to offer AI-enhanced shopping on Google’s Gemini platform and teaming up with OpenAI to allow customers to buy products directly through ChatGPT.
Walmart was also added to the NASDAQ 100 Index last month and is the biggest company in the S&P 500 Consumer Staples Index by market value, followed by Costco and Coca-Cola.
The milestone also comes only days after John Furner took the position of CEO.
In its Q3 2026 earnings report back in November, the company reported a 34% increase in net income and 5.8% rise in revenue. In the November report, the company said it expects net sales to grow 4.8% to 5.1% and adjusted earnings per share within the range of US$2.52-$2.62.
At the time of writing, Walmart (NASDAQ: WMT) shares have risen 2.94% to US$127.71.
