Walmart Inc. (WMT)[Tv]

Key Developments

• Walmart+ launched in Canada at $8.97/month, bundling Crave streaming, same-day delivery, and free shipping with no minimums—marking a bold international expansion of its loyalty and ecosystem strategy, directly challenging Amazon Prime in a critical new market.
• Subway meal orders integrated into Walmart’s Express Delivery service, with a rollout planned across up to 1,400 stores by late summer—transforming stores into hyper-local quick-service food fulfillment hubs and capturing urgent, convenience-driven demand.
• Drone delivery network with Wing reaches 1 million commercial deliveries across seven U.S. cities, with plans to expand to 270 stores—signaling that Walmart’s high-frequency last-mile logistics platform is no longer experimental but fully operational and scalable.
• Walmart’s global e-commerce sales grew by 26% year-over-year, driven by 30-minute Express Delivery and AI-powered personalization through Sparky, establishing a durable competitive edge in the instant-gratification economy.
• Walmart’s market capitalization fell below Micron Technology, a symbolic milestone reflecting a deep structural shift in investor preference from legacy retail scale to AI-driven tech infrastructure, exposing a major valuation disconnect.