00:00Walmart crossed a $1 trillion market capitalization on Tuesday, capping a sharp stock rally driven
00:06by digital growth and new customer gains.
00:09The retail giant's shares are up more than 24 percent over the past year, far outpacing
00:13the broader market and placing Walmart in an elite club dominated by tech companies.
00:19The milestone reflects the company's push into higher-margin businesses like e-commerce,
00:23third-party marketplaces and advertising, as well as its recent inclusion in the Nasdaq
00:28100.
00:29The achievement comes just days into new CEO John Ferner's tenure as he takes the helm
00:35following strong momentum in online sales and ad revenue.
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