WSJ Tech News Briefing TNB Tech Minute: Walmart Reaches $1 Trillion Market Cap From Online Business And AI
22 snips
Feb 3, 2026 A quick rundown on Walmart hitting a $1 trillion market cap thanks to online growth, automation and AI. Coverage of Anthropic's new AI tools and their impact on legal publishing stocks. A widening tech selloff that drags down major data providers like S&P Global and FactSet.
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Walmart's Digital Transformation Pays Off
- Walmart reached a $1 trillion market cap driven by online growth, automation, and AI investments.
- Sales rose as shoppers sought low prices, fast delivery, and broad selection from Walmart.
Anthropic's AI Targets Legal Workflows
- Anthropic released AI tools that automate legal tasks like contract review and compliance workflows.
- Those capabilities directly pressure incumbents in the legal publishing and software market.
AI News Sparks Broad Market Sell-Off
- European legal publishers' shares dove sharply after Anthropic's announcement, showing market sensitivity to AI disruption.
- The sell-off spilled into market-data providers like S&P Global and FactSet as investors priced in competition from AI.