Walmart Joins Nasdaq 100 in Record Index Reshuffle
Walmart replaces AstraZeneca in the Nasdaq 100 effective January 20, marking the largest index transition in history. The shift follows Walmart’s 2023 exchange migration from NYSE to Nasdaq, which triggered an estimated $19 billion in fund rebalancing.
Despite missing December’s annual review deadline due to timing constraints, the Bentonville-based retailer’s $1 trillion market cap and sustained growth in e-commerce (projected to turn profitable this year) solidified its inclusion. Ancillary revenue streams—advertising, marketplace fees, and memberships—continue expanding.
The company’s operational AI adoption, spanning supply-chain logistics to customer-facing tools developed with OpenAI, underscores its tech-driven evolution. Shares have surged 146% over three years as discount-seeking consumers flock to its value proposition.
