How Artificial Intelligence and Drones are Changing Business in the US, as Shown at the CES Trade Fair in Las Vegas. While in Germany, the department store chain Galeria is fighting for survival, the trading giant Walmart presents itself in the US as healthy and future-oriented. Artificial intelligence is expected to change the shopping experience in the future. Are you wondering what the retailer is planning exactly? Then let’s take a look into the future together.

Searching for use cases instead of articles Walmart presented AI-based tools at CES that are meant to make life easier for customers by searching for specific use cases instead of articles. For example, simply typing in „unicorn party for my daughter“ will bring up a list of products such as chips, soft drinks, balloons, and unicorn utensils.

Expanding drone deliveries Walmart is also showing its openness to technology in another area. At CES, the company announced plans to expand its drone deliveries to 1.8 million households in Texas. The focus is on the Dallas Fort Worth metropolitan area, which will be covered by 75 percent. Walmart is working with startup Zipline and Alphabet subsidiary Wing, both of which have approvals from the aviation authority.

Analyst support The analysis firm Jefferies has reaffirmed its „buy“ rating and a target price of $190 for Walmart shares, as of January 3, 2024. In their industry outlook for 2024, analysts presented the „top ideas“ among consumer stocks. Walmart’s stocks are among the experts‘ buy recommendations.

Walmart stock in weekly chart – ISIN: US9311421039

Source: https://www.aktienscreener.com

Evaluation and technical analysis From a technical perspective, Walmart’s stock is above the 40-week line and has just broken through the $160 mark. The attack on the all-time high has begun. With 51 consecutive dividend increases, Walmart is also a dividend king.

Conclusion The retail giant has recognized early on that it must be well-positioned technologically to stay in the lead. With AI tools and drone deliveries, the world’s largest retailer is likely to continue to impress its customers.