Walmart (WMT) Continues To Take Market Share, Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Talked About. Walmart Inc (NYSE:WMT) is one of the stocks Jim Cramer recently discussed.

Walmart Inc (NYSE:WMT) is one of Cramer’s top stocks in the retail space. He favors the firm due to its scale and ability to keep prices down. The CNBC TV host has gone as far as to suggest that Walmart Inc (NYSE:WMT), along with Costco and Amazon, might become one of the handful of dominant players in the market. In this episode, he discussed the firm after commenting on Target and its recent layoff announcement. Cramer asserted that Walmart Inc (NYSE:WMT) continues to take market share and remarked that the retailer’s strong performance meant that inflation might not significantly rise:

“Walmart. . .continue[s] to take share. They’re doing quite well. I think that, my take is that, as long as they’re doing well, costs can be held. Because that’s where people shop in this country.”

In his morning appearance on October 14th, Cramer commented on Walmart Inc (NYSE:WMT)’s partnership with OpenAI and termed it a reason to buy the stock:

“Walmart announces a partnership with OpenAI to introduce a shopping cart on ChatGPT. This is in addition to what we know from Etsy. This is a direct attack on Amazon. And there isn’t a vertical that OpenAI doesn’t want to go after. And this is a good example of why, every time we want to say, pie in the sky, Walmart, you want to own Walmart today because of this announcement with OpenAI and ChatGPT!”

While we acknowledge the potential of WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.