Retail giant Walmart (WMT) moved its common stock and bonds to the tech-heavy Nasdaq. This move is based on several factors, the company’s focus on technology-driven innovation being a primary reason. Company CEO Doug McMillon stated that Walmart is increasingly becoming a tech-focused company, with artificial intelligence (AI) expected to invent new ways to shop.
This might also be the reason McMillon decided to hand over the reins of the company to John Furner, who has experience in Walmart’s digital, supply chain, and omnichannel units.
