Walmart (WMT) shares surged nearly 5% to a record closing high of $107.21 following its partnership with OpenAI (OPAI.PVT). This collaboration will allow customers to shop directly on the ChatGPT platform using Instant Checkout and interact with ChatGPT on Walmart’s and Sam’s Club’s websites. CEO Doug McMillon emphasized the shift from traditional e-commerce to a multimedia, personalized AI shopping experience. The partnership aligns with Walmart’s broader AI strategy and its AI shopping assistant, Sparky. Meanwhile, OpenAI continues to expand its partnerships with infrastructure giants like Nvidia, AMD, and chipmakers. UBS analyst Michael Lasser noted the potential for significant growth, with ChatGPT’s user base reaching 700 million weekly. Walmart’s stock has risen over 18% year-to-date, contrasting with declines in Amazon (AMZN) and Target (TGT). Analysts remain optimistic, with 45 Buy ratings projected ahead of Walmart’s upcoming earnings report in November.
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