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Symbotic Stock Pops on New Robotics Partnership With Walmart
SYMSymbotic (SYM) Investopedia·2025-01-16 23:50

Key TakeawaysSymbotic and Walmart announced a pair of new deals Thursday that will see the robotics company and retail giant expand their partnership.Symbotic will buy Walmart's Advanced Systems and Robotics business for $200 million.Meanwhile, Walmart will pay $520 million to fund the development of a new automation system to potentially use in hundreds of its stores. Shares of robotics company Symbotic (SYM) jumped about 20% Thursday morning after the company announced an expanded partnership with Walmart ...