Walmart Stock Hits Record High on OpenAI Partnership, Technical Breakout
Walmart shares surged to a second consecutive record close after announcing a collaboration with OpenAI, the developer behind ChatGPT. The retailer's stock climbed nearly 2% to $109, extending its year-to-date gain to 21% as it capitalizes on e-commerce strength and broad consumer demand.
The partnership will integrate AI-powered shopping features, including instant checkout through ChatGPT and conversational search functionality on Walmart's platforms. This MOVE aligns with the growing trend of traditional corporations adopting generative AI tools to enhance customer experiences.
From a technical perspective, Walmart's chart shows a decisive breakout from a symmetrical triangle formation. Analysts project a near-term bullish target of $113 using the measured move technique, with critical support levels established at $105, $100, and $96.
