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Amazon to Pass Walmart and Become America's Largest Company

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Walmart Inc. (NYSE: WMT) has been the largest public company in the United States for most of the 20th century, having taken the crown from General Motors. Several megacap tech companies have grown fast enough that Walmart was unlikely to keep its lead forever.
The article from MSN Money discusses how Amazon is poised to surpass Walmart as America's largest company by market capitalization. This shift is attributed to Amazon's aggressive expansion into various sectors beyond e-commerce, including cloud computing with AWS, entertainment through Prime Video, and even physical retail with the acquisition of Whole Foods. Despite Walmart's longstanding dominance in retail, Amazon's diversified business model, technological innovation, and significant investments in logistics and AI are driving its growth. The article highlights that while Walmart has a robust physical presence and has been adapting to online sales, Amazon's market value has been climbing due to its broader reach and the scalability of its digital services. This potential change in market leadership underscores the evolving landscape of American business, where traditional retail giants are being challenged by tech-driven conglomerates.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/technology/amazon-to-pass-walmart-and-become-america-s-largest-company/ar-AA1yHc27 ]