# If Walmart Inc moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/walmart · Facet: ripple · Updated: 2026-09-24T12:56:02.561301+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Walmart Inc is directly linked to 21 companies (20 supply, 1 revenue relationships) and reaches 48 companies within two hops; the links are backed by 34 dated sources, 13 of them primary filings (as of 2026-09-24).

Walmart Inc operates across Dow, Mass retail, Consumer-spending proxy + AI adopter. It is -3.2% in 2026. The stock (-3.2%) and its supply side (avg +7%) are moving in step. Among connected nodes the furthest ahead is Nestlé S.A. (+11%) and the furthest behind is Microsoft (+4%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Whether that AI adoption shows up in results and the stock is the thing to watch.

## Demand chain (leading)
- T1 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.md)

## Supply chain (benefiting)
- T1 PepsiCo (https://valuechain.wiki/pepsico.md)
- T2 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T2 Archer-Daniels-Midland Company (https://valuechain.wiki/archer-daniels-midland.md)
- T3 Norfolk Southern (https://valuechain.wiki/norfolk-southern.md)
- T2 Keurig Dr Pepper Inc. (https://valuechain.wiki/keurig-dr-pepper.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T2 The Kroger Co. (https://valuechain.wiki/kroger.md)
- T3 DoorDash, Inc. (https://valuechain.wiki/doordash.md)
- T3 Uber (https://valuechain.wiki/uber.md)
- T2 Bunge Global SA (https://valuechain.wiki/bunge-global.md)
- T3 Evergy (https://valuechain.wiki/evergy.md)
- T2 Smurfit Westrock plc (https://valuechain.wiki/smurfit-westrock.md)
- T2 LyondellBasell Industries N.V. (https://valuechain.wiki/lyondellbasell.md)
- T1 Kimberly-Clark Corporation (https://valuechain.wiki/kimberly-clark.md)
- T2 International Paper (https://valuechain.wiki/international-paper.md)
- T2 Kenvue Inc. (https://valuechain.wiki/kenvue.md)
- T3 Johnson & Johnson (https://valuechain.wiki/johnson-johnson.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T1 Procter & Gamble (https://valuechain.wiki/procter-gamble.md)
- T2 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 AMD (https://valuechain.wiki/amd.md)
- T3 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Western Digital (https://valuechain.wiki/western-digital.md)
- T3 Constellation Energy (https://valuechain.wiki/constellation-energy.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 Vistra (https://valuechain.wiki/vistra.md)
- T3 Everpure (formerly Pure Storage) (https://valuechain.wiki/pure-storage.md)
- T3 Oklo (https://valuechain.wiki/oklo.md)
- T3 Corning (https://valuechain.wiki/corning.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Celestica (https://valuechain.wiki/celestica.md)
- T3 NextEra Energy (https://valuechain.wiki/nextera-energy.md)
- T3 Luxshare Precision (https://valuechain.wiki/luxshare.md)
- T3 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T3 Entergy (https://valuechain.wiki/entergy.md)
- T3 Xcel Energy (https://valuechain.wiki/xcel-energy.md)
- T3 WEC Energy Group (https://valuechain.wiki/wec-energy-group.md)
- T2 Dow Inc. (https://valuechain.wiki/dow.md)
- T3 Air Liquide (https://valuechain.wiki/air-liquide.md)
- T3 Linde (https://valuechain.wiki/linde.md)
- T3 Xylem Inc. (https://valuechain.wiki/xylem.md)
- T2 International Flavors & Fragrances (https://valuechain.wiki/international-flavors-fragrances.md)
- T3 DuPont (https://valuechain.wiki/dupont.md)
- T1 Nestlé S.A. (https://valuechain.wiki/nestle.md)
- T2 Starbucks Corp (https://valuechain.wiki/starbucks.md)
- T2 Mettler-Toledo International Inc. (https://valuechain.wiki/mettler-toledo.md)
- T1 CJ CheilJedang (https://valuechain.wiki/cj-cheiljedang.md)
- T1 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T2 Illumina (https://valuechain.wiki/illumina.md)
- T1 McKesson Corporation (https://valuechain.wiki/mckesson.md)
- T2 Vertex Pharmaceuticals Incorporated (https://valuechain.wiki/vertex-pharmaceuticals.md)
- T3 Moderna (https://valuechain.wiki/moderna.md)
- T2 Pfizer Inc. (https://valuechain.wiki/pfizer.md)
- T3 Samsung Biologics (https://valuechain.wiki/samsung-biologics.md)
- T3 Agilent Technologies, Inc. (https://valuechain.wiki/agilent-technologies.md)
- T2 Merck & Co. (https://valuechain.wiki/merck-co.md)
- T3 Daiichi Sankyo (https://valuechain.wiki/daiichi-sankyo.md)
- T3 ALTEOGEN (https://valuechain.wiki/alteogen.md)
- T2 Gilead Sciences, Inc. (https://valuechain.wiki/gilead-sciences.md)
- T3 Yuhan Corporation (https://valuechain.wiki/yuhan.md)
- T3 Shionogi & Co. (https://valuechain.wiki/shionogi.md)
- T3 Cognizant Technology Solutions Corporation (https://valuechain.wiki/cognizant.md)
- T2 Amgen (https://valuechain.wiki/amgen.md)
- T3 LigaChem Biosciences (https://valuechain.wiki/ligachem-biosciences.md)
- T2 Lilly (Eli) (https://valuechain.wiki/lilly-eli.md)
- T3 ABL Bio (https://valuechain.wiki/abl-bio.md)
- T3 Veeva Systems (https://valuechain.wiki/veeva-systems.md)
- T3 Incyte Corporation (https://valuechain.wiki/incyte.md)
- T3 West Pharmaceutical Services (https://valuechain.wiki/west-pharmaceutical-services.md)
- T3 AbCellera Biologics (https://valuechain.wiki/abcellera.md)
- T2 Bristol-Myers Squibb Company (https://valuechain.wiki/bristol-myers-squibb.md)
- T2 Becton, Dickinson and Company (https://valuechain.wiki/becton-dickinson.md)
- T3 Jabil (https://valuechain.wiki/jabil.md)
- T3 Edwards Lifesciences Corporation (https://valuechain.wiki/edwards-lifesciences.md)
- T3 STERIS plc (https://valuechain.wiki/steris.md)
- T2 Dexcom (https://valuechain.wiki/dexcom.md)
- T2 Biogen Inc. (https://valuechain.wiki/biogen.md)
- T3 Fujifilm Holdings (https://valuechain.wiki/fujifilm-holdings.md)
- T3 Eisai (https://valuechain.wiki/eisai.md)
- T1 3M Company (https://valuechain.wiki/3m.md)
- T1 Waste Management, Inc. (https://valuechain.wiki/waste-management.md)
- T2 Cummins (https://valuechain.wiki/cummins.md)
- T3 United Rentals (https://valuechain.wiki/united-rentals.md)
- T1 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T1 The Hershey Company (https://valuechain.wiki/hershey-company.md)
- T2 Packaging Corporation of America (https://valuechain.wiki/packaging-corporation-of-america.md)
- T3 CMS Energy Corporation (https://valuechain.wiki/cms-energy.md)
- T1 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T2 Carnival Corporation (https://valuechain.wiki/carnival.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 SpaceX (https://valuechain.wiki/spacex.md)
- T3 W. W. Grainger (https://valuechain.wiki/w-w-grainger.md)
- T1 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T2 Berkshire Hathaway (https://valuechain.wiki/berkshire-hathaway.md)
- T3 Apple (https://valuechain.wiki/apple.md)
- T3 Itochu (https://valuechain.wiki/itochu.md)
- T3 Mitsubishi (https://valuechain.wiki/mitsubishi.md)
- T3 UnitedHealth Group Incorporated (https://valuechain.wiki/unitedhealth-group.md)
- T3 VeriSign, Inc. (https://valuechain.wiki/verisign.md)
- T3 American Express (https://valuechain.wiki/american-express.md)
- T1 J.B. Hunt Transport Services, Inc. (https://valuechain.wiki/j-b-hunt.md)
- T1 Church & Dwight Co., Inc. (https://valuechain.wiki/church-dwight.md)

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Full node: https://valuechain.wiki/walmart.md · JSON: https://valuechain.wiki/walmart.json