Walmart (WMT) Stock Surges to New All-Time High Amid OpenAI Partnership
Walmart shares climbed 5.6% this week, reaching a record $108 after announcing a commerce integration with OpenAI's ChatGPT. The collaboration enables instant purchases through AI-recommended products, signaling Walmart's aggressive push into conversational commerce.
The retailer's stock has gained 32% over the past year, weathering post-earnings volatility in August. Analysts at BTIG attribute the momentum to Walmart's hybrid digital-physical strategy, initiating coverage with a $120 price target. DA Davidson similarly endorsed the stock, citing AI's potential to transform customer acquisition.