From NPR.

Walmart is known for low prices, but that the company’s shares hit a record high Tuesday, as the retailer’s market value topped $1 trillion.

Walmart has long been a favorite among bargain hunters, and that includes a growing number of wealthy shoppers who are increasingly concerned about the high cost of groceries and other household staples. The company raised its sales forecast ahead of its quarterly earnings report later this month.

Walmart shares were up nearly 3% on Tuesday by the close, adding more than $29 billion to the company’s market value. That put the retail giant in the trillion dollar camp for the first time ever — a rarified neighborhood more typically associated with big tech companies.  Walmart itself is a technology leader with one of the world’s most efficient supply chains.