Retail giant Walmart (WMT) joined the $1T market-cap club today, the first traditional grocer to ever hit those lofty heights.
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It joins tech stalwarts such as Amazon (AMZN) and Microsoft (MSFT), with its shares also being powered higher by growth in online demand as well as its embrace of AI and automation. However, its traditional value retailing strengths have also come to the fore in times of faltering consumer confidence.