Walmart hits $1 trillion market cap, joins tech giants

Investing.com — Walmart Inc. reached a historic milestone Tuesday as its market capitalization surpassed $1 trillion for the first time, joining an elite club typically dominated by technology giants like Nvidia Corp. and Alphabet Inc.

Shares of the world’s largest retailer rose as much as 1.6% in early New York trading, hitting an intraday record of $126 per share. The stock has gained 13% this year.

The Bentonville, Arkansas-based company has leveraged its massive scale and supplier network to maintain low prices while expanding market share across various consumer income segments. While Walmart continues to attract value-conscious shoppers, its online offerings have increasingly drawn wealthier consumers seeking convenience.

This milestone comes just two weeks after Walmart replaced AstraZeneca in the tech-focused Nasdaq-100 Index, which includes the most valuable non-financial companies on the exchange.

According to recent survey data from Morgan Stanley, Walmart+ membership increased by approximately 2.6 million between November 2025 and January 2026, reaching about 28.4 million implied members. On a three-month rolling basis, membership growth was approximately 12% year-over-year, up from about 10% in November 2025.

The growth in Walmart+ membership has helped the retailer expand its e-commerce operations and extend delivery reach across its approximately 3,562 Supercenters. Same-day delivery is now estimated to reach about 95% of U.S. households, enhancing the company’s convenience and accessibility for consumers.

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