Overview
- Nasdaq said Walmart will enter the Nasdaq-100 before the market opens Jan. 20, replacing AstraZeneca and joining related Nasdaq-100 indexes.
- Walmart shares rose after the announcements, including a new all-time high on Tuesday with the stock trading around $119.89, according to Benzinga.
- Walmart and Google announced a Gemini integration that will surface Walmart and Sam’s Club products in chats, enable in-Gemini purchases, and tie into Walmart+ and Sam’s Club benefits.
- Linked accounts will receive personalized recommendations, cart integration and options for fast local delivery, with some locations offering delivery in under three hours and as fast as 30 minutes.
- Analysts estimate the index addition could prompt as much as $19 billion in passive inflows, reinforcing investor attention on Walmart’s tech-driven strategy.