Stock Movers Walmart Rises, Palantir Gains, PayPal Plunges After CEO Announcement
Feb 3, 2026
Norm Melinda, Bloomberg market commentator who delivers data-driven company analysis. He walks through Walmart clearing a $1 trillion valuation after a tech and AI overhaul. He covers Palantir’s upbeat revenue momentum and guidance. He explains PayPal’s stock drop following a CEO change and missed targets. Short, sharp market moves and corporate developments.
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Walmart Hits $1 Trillion After Tech Push
- Walmart's market value topped $1 trillion after a major digital transformation and AI integration across operations.
- Its average Wall Street price target sits near current levels, suggesting limited upside despite recent gains.
AI Fueled Walmart Valuation Divergence
- Walmart has deployed technology and AI broadly, which helped drive investor enthusiasm and higher valuations.
- The company's P/E ratio near 49 contrasts sharply with Target's near 15, highlighting differing market expectations.
Palantir Rally Fueled By Strong Forecasts
- Palantir posted accelerating revenue and a 2026 forecast that beat expectations, driving a strong rally.
- Despite the surge, shares remain well below their November peak, keeping gains in historical context.