Walmart became the first retailer ever to hit $1 trillion in market valuation on Tuesday, February 3, 2026.
This follows a year-long rally that has seen Walmart’s shares rise nearly 26%, putting it in the ranks of Big Tech heavyweights such as Nvidia and Alphabet.
The Bentonville, Arkansas-based chain has cashed in on wealthier consumers choosing the convenience of faster deliveries and flocking to the retailer for discretionary categories, such as apparel and furniture. Over the last decade, Walmart’s stock is up 468%, compared to a 264% rise in the S&P 500.
United States households, particularly low- and middle-income earners, have been under mounting financial strain for some time due to persistent inflation and a cooling job market.
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Tariffs and uncertainty surrounding the recent U.S. government shutdown have also weighed on spending, Reuters reported.
The latest milestone for the company came just two weeks after Walmart replaced British drugmaker AstraZeneca in the tech-focused Nasdaq-100 Index, home to the most valuable non-financial companies.
The company has bet on artificial intelligence, pouring billions into automation in its supply chain to help stock its stores with fresher produce and improve delivery times, as consumers increasingly prefer the convenience of purchasing groceries online.
Walmart joins a roster of U.S. companies valued at $1 trillion or more, including Nvidia ($4.5 trillion), Alphabet ($4.1 trillion) Apple ($3.9 trillion), Microsoft ($3.1 trillion), Amazon ($2.6 trillion), Meta ($1.8 trillion), Broadcom ($1.6 trillion), Tesla ($1.6 trillion), and Berkshire Hathaway ($1 trillion).
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