The future of retail is AI, and Walmart stock sits right at the heart of it

Walmart Inc’s (NASDAQ: WMT) recent earnings release featuring “record” contribution (23% of overall sales) from e-commerce confirms it’s no longer just a brick-and-mortar giant. Instead, it has successfully transformed into a tech powerhouse in disguise, says TD Cowen analyst Oliver Chen. Despite “some pressure on the lowest income cohort,” Walmart topped Street estimates in its fiscal Q4, reinforcing that its massive scale and “people-led, tech-powered” strategy is paying off.      While the retail behemoth offered cautious guidance for the full year, WMT remained resilient on Feb. 19, indicating market’s confidence in its structural transformation. More importantly, the company is exceptionally well-positioned for the artificial intelligence (AI) era – and that alone is a strong enough reason to load up on…