Walmart stock hit an all-time high after partnering with OpenAI. Customers can now shop on the ChatGPT platform with Instant Checkout. CEO Doug McMillon highlighted a shift towards a more personalized shopping experience. OpenAI’s recent deals include partnerships with chipmakers and e-commerce platforms like Etsy and Shopify.
The initiative with OpenAI could bring significant opportunities for Walmart, given the growing user base of ChatGPT. Walmart is early in adopting new technologies to cater to evolving consumer trends. Year to date, Walmart stock is up over 18%, outperforming Amazon and Target. Analysts are bullish on Walmart’s future prospects.
Read more at Yahoo Finance: Walmart stock hits all-time high after announcing partnership with OpenAI