Feb. 3 (UPI) -- Walmart's stock rose by 1% Tuesday to launch the company into the $1 trillion club.
Already the world's biggest retailer, Walmart has shown it's the premier destination for lower-priced goods in a slowing economy.
The company joins a short list of companies that have breached the trillion dollar level, which are mostly tech focused. The list is Nvidia, $4.5 trillion market cap; Alphabet, $4.2 trillion; Apple, $3.9 trillion; Microsoft, $3.1 trillion; Amazon, $2.6 trillion; Meta, $1.8 trillion; Broadcom, $1.6 trillion; Tesla, $1.3 trillion; and Berkshire Hathaway, $1.1 trillion.
Walmart's e-commerce sales rose 28% in the United States last quarter and 27% worldwide. The company expects net sales for the fiscal year to climb 4.8% to 5.1%, from $674 billion the previous year, Axios reported.
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