[新聞] 沃爾瑪市值破一兆鎂 躋身科技巨頭俱樂部

[TyuzuChou (潤潤潤)]

原文標題：
Walmart hits $1 trillion market value, joins club dominated by Big Tech giants
原文連結：https://tinyurl.com/4bpwzcwt
發布時間：February 3, 2026 10:58 PM GMT+8
記者署名：By Savyata Mishra, Johann M Cherian and Siddharth Cavale
原文內容：

沃爾瑪（WMT.O）， 於週二成為首家市值達到1兆美元的零售商，受益於為期一年的
股價上漲，其股價幾乎上漲26%，使其躋身Nvidia和Alphabet等科技巨頭之列。
Walmart (WMT.O), opens new tab became the first retailer ever to hit $1
trillion in market valuation on Tuesday, riding on a year-long rally that has
seen its shares rise nearly 26%, placing it among the ranks of Big Tech
heavyweights such as Nvidia and Alphabet.

沃爾瑪的崛起值得注意，因為它成功同時吸引尋求價值與便利的高收入客戶，並保留其低
收入購物者核心客群。過去十年，其股價上漲468%，超越S&P 500的264%漲幅，部分歸功
於這種雙軌策略，競爭對手難以複製。
Walmart's ascent has been notable as it has managed to tap into a mix of
appealing simultaneously to higher-income customers seeking value and
convenience and retaining its core base of lower-income shoppers. The stock
has surged 468% over the past decade, outpacing the S&P 500's 264% gain, in
part due to that dual strategy, which competitors have struggled to replicate.

過去五年，這家零售商將其線上市場擴展至超過5億件商品，推出1小時送達服務，推出
Walmart+以對抗Amazon Prime，並打造價值40億美元的廣告業務，從而提升利潤率。關鍵
在於，沃爾瑪及早且積極押注AI，投入數十億美元於供應鏈自動化，以提供更新鮮的蔬果
、加速送貨並改善庫存預測與搜尋功能，這為總部位於阿肯色州本頓維爾的零售商帶來營
運優勢，根據LSEG彙編的估計，已連續15季超越美國同店銷售預期。
In the past five years, the retailer has expanded its online marketplace to
over half a billion items, launched one-hour delivery, created Walmart+ to
rival Amazon Prime, and built a $4-billion advertising business that boosted
margins. Critically, Walmart bet early and aggressively on AI, pouring
billions into supply-chain automation to stock fresher produce, speed up
deliveries and improve inventory forecasting and search, giving the
Bentonville, Arkansas-based retailer an operational edge that has helped it
beat U.S. same-store sales estimates for 15 consecutive quarters, based on
estimates compiled by LSEG.

投資人對沃爾瑪AI投資的樂觀情緒進一步推升股價，因為消費者日益將雜貨購物轉向線上
。在美國每4美元雜貨支出中就有1美元花在沃爾瑪身上，這家零售商在充滿挑戰的消費環
境中處於甜蜜點，低收入和中收入家庭正面臨通脹、就業市場降溫、關稅以及最近美國政
府關門的不確定性，所有這些因素都使零售商的「天天低價」策略更具吸引力。
Investor optimism around Walmart's AI investments has further fueled the stock
's rise as consumers increasingly shift grocery shopping online. With every $1
 in $4 spent on groceries in the U.S. going to Walmart, the retailer finds
itself in a sweet spot in a challenging consumer environment where low- and
middle-income households face strain from inflation, a cooling job market,
tariffs, and uncertainty from the recent U.S. government shutdown, all of
which have made the retailer's every day low price strategy more compelling.

「這真是了不起的成就。我們通常認為一兆美元市值是科技股現象，但沃爾瑪是一家務實
的『傳統經濟』公司，」沃爾瑪投資人Charles Sizemore表示，他讚賞零售商投資科技
以降低成本。
"It really is a remarkable accomplishment. We think of trillion-dollar market
caps as being a tech-stock phenomenon, but Walmart is a gritty 'old-economy'
company," said Charles Sizemore, a Walmart investor, appreciating the retailer
's investment in technology to cut costs.

John Furner於2月1日接任沃爾瑪全球CEO，面臨關鍵挑戰：在AI驅動時代加速公司科技投
資，同時抵禦Amazon（AMZN.O），、Aldi和Costco（COST.O），等競爭對手的挑戰。
沃爾瑪上個月加入科技導向的納斯達克100指數（.NDX），，該指數收錄最具價值的非
金融公司，取代英國藥廠AstraZeneca（AZN.L）。

John Furner, stepping into the role as Walmart's global CEO on February 1,
faces the critical challenge of accelerating the company's technology
investments in an AI-driven era while fending off competition from rivals
Amazon (AMZN.O), opens new tab, Aldi, and Costco (COST.O), opens new tab.
Walmart was added to the tech-focused Nasdaq-100 Index (.NDX), opens new tab
last month, home to the most valuable non-financial companies, replacing
British drugmaker AstraZeneca (AZN.L), opens new tab.

它加入美國市值達1兆美元或以上的公司名單，包括Nvidia（NVDA.O），市值4
.5兆美元、Alphabet（GOOGL.O），市值4.1兆美元、Apple（AAPL.O），市值3.9兆美元
、Microsoft（MSFT.O），市值3.1兆美元、Amazon（AMZN.O），市值2.6兆美元、
Meta（META.O），市值1.8兆美元、Broadcom（AVGO.O），市值1.6兆美元、
Tesla（TSLA.O），市值1.6兆美元，以及Berkshire Hathaway（BRKa.N），
市值1兆美元。
It joins a roster of U.S. companies valued at $1 trillion or more, including
Nvidia (NVDA.O), opens new tab at $4.5 trillion, Alphabet (GOOGL.O), opens new
 tab at $4.1 trillion, Apple (AAPL.O), opens new tab at $3.9 trillion,
Microsoft (MSFT.O), opens new tab at $3.1 trillion, Amazon (AMZN.O), opens new
 tab at $2.6 trillion, Meta (META.O), opens new tab at $1.8 trillion, Broadcom
 (AVGO.O), opens new tab at $1.6 trillion, Tesla (TSLA.O), opens new tab at $1
.6 trillion, and Berkshire Hathaway (BRKa.N), opens new tab at $1 trillion.

這一里程碑為這家零售商畫上完美句點，它於1962年在阿肯色州羅傑斯開設首家門市，如
今在美國擁有4600個據點。沃爾瑪於1970年在場外交易市場以16.50美元公開上市，並於
1972年在紐約證交所上市。公司於1997年加入道瓊工業平均指數，並數十年來一直是S&P
500的固定成員。沃爾瑪股價在下午交易中報127.10美元，此價格反映多次股票分割，最
近一次為2024年2月26日的3拆1。
The milestone caps a remarkable journey for the retailer, which opened its
first store in Rogers, Arkansas, in 1962 and now operates 4,600 locations
across the United States. Walmart went public in 1970 at $16.50 on the over-
the-counter exchange before listing on the New York Stock Exchange in 1972.
The company joined the Dow Jones Industrial Average in 1997 and has been a
fixture in the S&P 500 for decades. Walmart's stock was trading at $127.10 in
afternoon trading. This price reflects multiple stock splits, most recently a
3-for-1 split on February 26, 2024.

AI軍備競賽
這家連鎖店與OpenAI和Google建立合作夥伴關係，將其線上購物工具直接嵌入其搜尋聊天
機器人。這些不斷增長的AI投資也旨在縮小與Amazon的差距，後者憑藉其聊天機器人
Rufus（一款GenAI驅動的購物助理，能回答購物查詢）佔據先機。
AI ARMS RACE
The chain has struck partnerships with OpenAI and Google to embed its online
shopping tools directly into their search chatbots. These growing investments
in AI are also aimed at closing the gap with Amazon, which had a head start
with its chatbot, Rufus, a GenAI-powered assistant that answers shopping
queries.

「沃爾瑪其實是五種商店於一身，其繁榮來自食品零售。我預期它將在未來幾年接近2兆
美元市值，」Navellier & Associates首席投資官Louis Navellier表示，該公司已持
有沃爾瑪股票近2年。
"Walmart is really five stores in one and their boom has come from food
retailing. I expect it will approach a $2 trillion market capitalization in
the next few years," said Louis Navellier, chief investment officer at
Navellier & Associates, which has held Walmart shares for nearly 2 years.

心得/評論：
Gemini:
沃爾瑪創紀錄的市值
說明了美國經濟目前正處於一個「保守但積極轉型」的狀態：
消費者雖然在縮減開支（保守）
但大型企業正透過科技加速競爭（轉型）

ChatGPT:
Walmart 市值創新高
不是美國經濟過熱的象徵
而是「高通膨後時代，美國社會選擇更便宜、更確定性生活方式」
的資本市場投票結果

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