Oliver Chen

There's a lot ahead.

Digital advertising for Walmart is in the $5 billion range.

Think about Google, Amazon, and others that are 50 plus.

Furthermore, their capabilities, it's themes about the big getting bigger and reaching more and more profitability online in part because of digital advertising as well as the marketplace.

In addition, it's defensive in that it's a leading grocery business with 60% of the revenue being grocery.

So we're excited about all these things on the offense, on AI,

as well as delivery and micro fulfillment on the defense as well as the everyday low price.

And that's what consumers are looking for today.

Finally, they're getting higher household income consumers as well.

And they're serving the middle and low well too with that everyday low price.

I grew up in Louisiana going to the Walmart Supercenter and it's a real community driven retailer as well.