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Walmart Stock Gains on AI Board Appointment Amid Broader Tech Push

Walmart Stock Gains on AI Board Appointment Amid Broader Tech Push

Author:

Global Cryptocurrency

Published:

2026-01-08 21:35:02

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BTCCSquare news:

Walmart Inc. (WMT) shares edged up 0.09% to $112.82 after naming Shishir Mehrotra, CEO of AI platform Superhuman, to its board. The move signals intensified focus on artificial intelligence and digital commerce infrastructure—a theme resonating across retail and crypto sectors.

Market reaction remained muted despite the strategic hire, with analysts noting Walmart’s $898B market cap already prices in tech ambitions. Parallels emerge with crypto-native firms like Fetch.ai (FET) and SingularityNET (AGI), which have rallied on similar AI narratives.

The appointment coincides with Walmart’s February 19 earnings date, where investors will scrutinize tech spend ROI. Comparable crypto projects (FIL, RNDR) face identical scrutiny as infrastructure plays demand tangible adoption metrics.

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