Walmart Inc. (NASDAQ:WMT) shares are trading higher Monday after it was announced the company is set to join the Nasdaq-100 index. The company also announced a partnership with Google to integrate Gemini-powered product discovery and shopping.
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Walmart’s Strategic Leap Into Nasdaq-100 Index
Nasdaq said Walmart will become a component of the Nasdaq-100 Index, the Nasdaq-100 Equal Weighted Index and the Nasdaq-100 Ex-Tech Sector Index prior to the market open on Jan. 20. The change will take effect on the first trading day following the third Friday of the month, with markets closed on Jan. 19 for Martin Luther King Jr. Day.
Walmart will replace AstraZeneca PLC in the Nasdaq-100 Index and related indexes.
How Walmart Is Revolutionizing Online Shopping
Separately, Walmart announced plans to launch a new shopping experience in partnership with Google that integrates Google’s Gemini AI with Walmart and Sam’s Club product discovery and commerce. The experience will be accessible directly within Gemini using the Universal Commerce Protocol.
The companies said Gemini will surface Walmart and Sam’s Club products during relevant customer searches, allowing users to discover items, receive personalized recommendations and complete purchases within Walmart’s digital ecosystem. When customers link their accounts, the experience will include recommendations based on past purchases, cart integration and access to Walmart+ and Sam’s Club membership benefits.
Walmart also said customers will be able to receive fast delivery, including locally curated products delivered in under three hours and as fast as 30 minutes in select locations. The new experience is expected to launch first within Gemini in the U.S. with international expansion planned later.
WMT Price Action: At the time of writing, Walmart shares are trading 2.23% higher at $117.08, according to data from Benzinga Pro.
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