In February 2026, Amazon.com Inc. (NASDAQ: AMZN) supplanted Walmart Inc. (NASDAQ: WMT) as the world’s largest company in terms of revenue. This wasn’t a surprise to industry observers, but it was reinforced when Fortune confirmed the results, placing Amazon at the top of its Fortune 500 list.
The news isn’t having much impact on either stock’s price. As of June 8, both stocks are up a little more than 6% for the year.