Walmart Inc. could be on its way to a trillion-dollar valuation after partnering with OpenAI, boosting its stock to a record high. Shoppers will soon be able to buy items directly on ChatGPT, excluding fresh foods. Walmart shares surged 5% on the news, reaching a market cap of $869.3 billion.

This alliance with OpenAI puts Walmart ahead in technology adoption, paving the way for “agentic commerce.” If Walmart hits a trillion-dollar valuation, it will join a small group of elite companies, mostly in the tech sector. The deal sets Walmart apart from other retail partners of OpenAI like Etsy and Shopify.

Despite concerns about the US economy, Walmart’s stock remains bullish with the OpenAI partnership. Analysts believe Walmart shares are a strong investment choice, even in a lukewarm economy. Walmart’s success in capturing market share and offering value to customers has led to significant stock gains in recent years.

Read more at Yahoo Finance: Walmart on Path to Trillion Dollar Status After OpenAI Pact