Symbotic inks deal to acquire Walmart's robotics arm. Stock jumps.
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AI-powered warehouse operator Symbotic (SYM) is set to acquire Walmart's (WMT) robotics business in a deal valued at over $500 million. Julie Hyman and Josh Lipton expand more upon the details of this deal and the value this poses for Symbotic as its stock climbs nearly 20% on the news.
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This post was written by Luke Carberry Mogan.
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