Other companies have also been moving to integrate AI with shopping.
Walmart Inc (NYSE:WMT, ETR:WMT) has announced a new partnership with OpenAI to create AI-first shopping experiences, enabling customers and Sam's Club members to shop directly through ChatGPT using an Instant Checkout feature. Under the partnership, shoppers will be able to browse Walmart's product assortment and complete purchases within the ChatGPT interface.
Costco (NASDAQ:COST) is arguably one of the best mega-cap retail stocks that investors shouldn't think twice about buying into dips.
Walmart said on Tuesday it was partnering with OpenAI to enable customers and Sam's Club members to shop directly within ChatGPT, using the AI chatbot's Instant Checkout feature.
Walmart Inc. stands out as a defensive stock, consistently outperforming the S&P 500 during past recession-driven market crashes and interest rate cut cycles. Despite a premium valuation, WMT's global reach, operational strength, and resilience in weak economies make it attractive for investors seeking safety amid economic uncertainty. WMT's international expansion, e-commerce growth, and scale-driven pricing power reinforce its ability to weather downturns and maintain profitability.
In the most recent trading session, Walmart (WMT) closed at $101.77, indicating a -1.1% shift from the previous trading day.
WMT's premium valuation reflects strong growth, digital momentum and investor faith, but rising costs test the company's near-term resilience.
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Walmart has entered the real estate business by purchasing a Pittsburgh-area mall. News of the $34 million acquisition first broke in February, and eight months later, it's still not quite clear what the retail giant plans to do with the Monroeville Mall, according to a Monday (Oct. 6) New York Times (NYT) report.
OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned. OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash.
Walmart (WMT) concluded the recent trading session at $101.96, signifying a -1.07% move from its prior day's close.
The world's largest retailer is joining the trend of moving away from synthetic dyes to natural alternatives.