I know quite a few paying Anthropic customers here (Norway). Not a single customer of Walmart.

Hei!

Not that crazy, software sales are global from day 1.

I think it's crazy that Walmart is worth 1T. It's grocery chain operating in limited number of contries. Shouldn't be worth much more than for example, Carrefour.

A lot of non-tech non-AI companies have seen outsized gains this year as people use them for AI hedging.

Walmart is huge compared to Carrefour. They're the world's largest employer, and their yearly net profit is $22 billion compared to $300 million.

Carrefour appears larger because as you travel the world you will see them in the major city in every region.

Walmart, on the other hand, has a store close to most small towns in the US, as well as multiple in more metropolitan places.

I think about what it would take for a small group of smart people to do what they do. Walmart? Seems hard. Meta? I could see that.

I know that’s oversimplifying and probably naive, but huge physical operations seem like more of a moat.

You are probably saying this because you are coming from a tech background (my guess)

For people with a Walmart background, Meta is black magic

Walmart is in a mature low-margin business. Their global expansion has stalled, and in the US competition is increasing

There are also many positive things about them. They are huge, and innovating. But their growth potential is somewhat limited