New York, Jan 9, 2026, 17:31 EST — After-hours
- Walmart shares rose about 1.3% on Friday and held gains late after hours
- Company named Superhuman CEO Shishir Mehrotra to its board
- Next catalysts: ICR Conference on Jan. 13; fiscal Q4 earnings on Feb. 19
Walmart Inc shares rose 1.3% on Friday and were last up at $114.53 in late after-hours trading, after the retailer announced a new board appointment that underscored its push to put more technology at the center of the business.
The move matters now because investors are leaning hard into the “Walmart as a tech company” pitch — e-commerce, advertising and automation — even as a slower economy puts more pressure on low-price retailers. A board seat is not an operating change, but it signals what the company wants more of.
The backdrop also helped. U.S. stocks rose on Friday after a mixed jobs report, with investors recalibrating rate-cut bets and rotating back into names tied to consumer spending.
Walmart said on Thursday it appointed Shishir Mehrotra, chief executive of Superhuman (formerly Grammarly), to its board. Chairman Greg Penner said the company remained focused on a “people-led, tech-powered approach,” while Mehrotra pointed to an “agentic AI future.” Walmart Inc.
A regulatory filing showed Mehrotra will serve on the compensation and management development committee and the technology and eCommerce committee, and receive a prorated portion of the annual stock award for non-management directors.
Mehrotra previously led productivity platform Coda and held senior product and technology roles at YouTube, according to Walmart’s release. That mix of consumer internet and enterprise software experience lands as retailers race to automate everything from search to supply chains.
In the broader group, Walmart outperformed Target, which fell 0.8%, while Costco rose 1.1% and Amazon added 0.4%, based on the latest available trading data.
Technicians will note Walmart is trading near the top of its 52-week range of $79.81 to $117.45, leaving less room for stumbles if margins tighten or online growth slows.
But there is a catch: AI spending can lift costs before it lifts profits, and consumer demand can turn quickly if borrowing costs stay high and wage gains fade. Investors will want evidence that new tools show up in faster delivery, higher basket sizes and better same-store sales — sales at locations open at least a year.
Next up is management’s appearance at the ICR Conference on Jan. 13, followed by Walmart’s fiscal 2026 fourth-quarter earnings release and conference call on Feb. 19 at 7 a.m. Central time.
