10 Best Grocery Stocks to Buy According to Hedge Funds

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1. Walmart Inc. (NYSE:WMT)

Number of Hedge Fund Holders: 105

Walmart Inc. (NYSE:WMT) is one of the best grocery stocks to buy according to hedge funds. On August 26, Walmart Inc. (NYSE:WMT) revealed new seller tools and initiatives to expand international reach and provide unmatched omnichannel capabilities.

Walmart has introduced new AI-powered tools and seller incentives to assist sellers in growing faster, reaching more customers, and operating more efficiently. The AI tools will simplify operations and increase sales. The tools and capabilities include an AI-powered listing tool and smart assistant, a seller advisor program, shipping settings and services, and a brand portal.

“Walmart has become one of the fastest-growing eCommerce platforms by focusing on what matters most: integrity, seller success, and delivering exceptional experiences for customers. Everything we’re building — from smarter tools to expanded fulfillment and global reach — is designed to accelerate seller growth and empower sellers to serve customers while driving their businesses forward,” said Manish Joneja, senior vice president, Walmart U.S. Marketplace.

Walmart is also launching new seller incentives to support sellers competing during the peak shopping season. The incentives include 0% referral fee on all qualifying toys, a 50% referral fee reduction on all qualifying pet supplies, and up to 100% referral fee reductions on qualifying top-selling items across categories.

Walmart Inc. (NYSE:WMT) operates a chain of supermarkets. Its stores offer food products, including grocery, meat, and dairy products, and other perishables, and non-food products.

While we acknowledge the potential of WMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WMT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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