Retail giant Walmart have partnered with Microsoft for a wide application of cloud technologies and artificial intelligence. The agreement is concluded for 5 years and includes the full use of Microsoft cloud technologies, including Microsoft Azure and Microsoft 365, which are designed to make shopping faster and easier for customers. The task of Walmart is to double its presence in the e-commerce market in order to better compete with Amazon. The concluded agreement between Walmart and Microsoft will positively affect the shares of both companies.
Since the beginning of the month, Walmart shares have increased by 5.1% and will continue to grow based on the news. Microsoft shares increased by 6.5% and will also continue their positive movement. Trading will be available during the American session, from 13:40 to 20:00 GMT.
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