Symbotic Acquires Walmart Robotics, Stock Soars

Symbotic (NASDAQ:SYM) has entered a significant deal with Walmart (NYSE:WMT), acquiring Walmart's Advanced Systems and Robotics business for $200 million, with potential performance-based bonuses up to $350 million. Walmart will invest $520 million in developing an advanced robotics platform, which could enhance Symbotic's backlog by over $5 billion and expand its market by $300 billion in the U.S. The partnership will integrate AI-driven automation across 400 Walmart fulfillment centers, potentially boosting eCommerce logistics and efficiency. This strategic acquisition, expected to close in Q2 2025, strengthens Symbotic's long-standing relationship with Walmart and positions it for substantial growth in AI and robotics. Symbotic's stock surged nearly 20% following the announcement, reflecting investor confidence in its expanded role in Walmart's supply chain automation.