Walmart is moving from the New York Stock Exchange to the Nasdaq on Dec. 9. This shift reflects Walmart’s emphasis on technology and AI in its operations. The move aligns with the tech focus of the Nasdaq, where other big tech companies are listed. Walmart shares will retain the “WMT” ticker symbol.

The change represents the largest-ever company switch by market value, according to a Reuters report. Walmart’s move to Nasdaq underscores its commitment to a tech-powered approach in retail. Other companies like Target and Delta Air Lines are also leveraging AI in their operations. Walmart aims to enhance its appeal to investors by joining a tech-centric exchange.

Walmart’s CFO, John Rainey, highlighted the company’s focus on integrating automation and AI to enhance customer experiences. The move to Nasdaq could potentially attract more investors due to the exchange’s tech-oriented nature. Walmart is already part of major indexes like the Dow Jones Industrial Index and the S&P 500.

The Nasdaq 100, which tracks the 100 largest companies on the Nasdaq, is seen as a key index for tech stocks. David Wagner, a portfolio manager, noted that Walmart’s inclusion in this index could further boost its stock value. The move to Nasdaq reflects Walmart’s commitment to tech innovation in retail.

Read more at Yahoo Finance: Walmart Is Talking Up Its Tech Focus. A New Stock Exchange Is Its Next Move