Walmart, historically the largest public company in the US, is facing a significant challenge as Amazon is positioned to overtake it in total revenue. Amazon reported a Q4 sales increase of 10% to $187.8 billion while Walmart's revenue is projected to rise only 4% to $180 billion. Moreover, Amazon's cloud computing sector, AWS, is growing rapidly and contributing substantially to its revenue. In contrast, Walmart's market cap is significantly lower than Amazon's, indicating Wall Street's more favorable outlook on Amazon's future growth.
Amazon's fierce competition with Walmart has reshaped the retail landscape, with Amazon set to surpass Walmart in annual revenues for the first time this year.
Despite being a retail giant, Walmart's growth is not keeping pace with Amazon's, as its revenue is predicted to rise only 4% compared to Amazon's 10% increase in the same period.
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