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Walmart-Backed AI Warehouse Tech Company Symbotic Reports Record Revenue; Shares Soar 40%

Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.

Joe metzgerTom ernstExchange commissionWalmart executive vice presidentSupply chain operations joe metzger

Walmart is set to hire 20,000 permanent supply chain workers to ramp up for the holiday season

Walmart is set to hire 20,000 permanent supply chain workers to ramp up for the holiday season
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United statesAngie baeckeJoe metzgerKarisa spragueSam clubVice presidentSupply chain operations joe metzgerSenior vice presidentSupply chainPeople karisa sprague