Walmart will join the Nasdaq 100 on Jan. 20, attracting up to $19B in index-fund inflows. Despite its tech focus, the index includes companies from various sectors like retail, beverages, and consumer goods. Walmart’s shift reflects its tech ambitions and strong financial performance, with a 150% stock return compared to 104% for the Nasdaq 100.
The inclusion of Walmart in the Nasdaq 100 highlights the index’s diverse composition, including companies like Microsoft and Broadcom. Walmart’s successful pivot to omnichannel retail and investments in supply chain technology have driven its market-beating gains. Its addition could attract up to $19 billion in index-fund inflows, boosting liquidity and visibility.
Walmart’s shift to a Nasdaq listing aligns with its tech transformation and growth-oriented strategy. The retailer’s integration of AI, automation, and e-commerce fits well with the Nasdaq 100’s emphasis on innovation. This move underscores how traditional retailers are evolving in the digital era and could further enhance Walmart’s visibility and market presence.
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Read more at Yahoo Finance: The Surprising Stock About to Join the Nasdaq 100
