Walmart Inc. (NYSE:WMT) is one of the companies that are pertinent to the discussion about The Future of Artificial Intelligence: 10 Predictions for 10 Industries.
Earlier this year, business magazine Fast Company reported that Marc Lore, the billionaire entrepreneur and former executive of a popular retailer, was preparing his food tech company, Wonder, for a public market debut in the first quarter of 2028. Wonder recently closed a $600 million funding round, led by Google Ventures, which pushed the valuation of the startup to $7 billion, according to Bloomberg. Lore said the company is creating an AI-powered superapp that blends meal delivery, personalized nutrition, smart restaurant systems, and brick-and-mortar locations into one seamless ecosystem. He added that the end goal is to own every consumer touchpoint in the mealtime experience across physical, digital, and logistical channels.
Is it a Wise Move to Invest in Walmart Inc. (WMT)?
Lore previously worked for Walmart Inc. (NYSE:WMT), which operates as a retail firm. Late last month, Walmart CEO Doug McMillon told The Wall Street Journal that he believed AI will remove some jobs and reshape the workforce. He added that it was very clear that AI was going to change literally every job. Per the report, the retail company plans to maintain its head count of about 2.1 million global workers over the next three years, but the types of jobs will be changing.
While we acknowledge the potential of WMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.