Symbotic Stock Pops on New Robotics Partnership With Walmart
1. Symbotic acquires Walmart's robotics business for $200 million and future payments. 2. Walmart invests $520 million for Symbotic to develop a new automation system. 3. Shares of SYM surged 20% after the announcement of expanded partnership. 4. New robotics will enhance online shopping convenience for Walmart customers. 5. A close partnership since 2017 indicates strong mutual benefit and future growth.