Walmart's Robot Partner Sees $600 Million in Market Value Vanish in a Day

Symbotic Inc. (Nasdaq: SYM), a U.S. logistics-automation company, closed at $63.12 on the U.S. stock market, down 6.36%. Its market capitalization stands at roughly $7.7 billion (about ₩11 trillion), with approximately $460 million (around ₩680 billion) erased in a single day. Trading volume topped 1.72 million shares, reflecting subdued investor sentiment.

In the first quarter of fiscal 2025, Symbotic reported revenue of $487 million (about ₩720 billion) and a net loss of $19 million (roughly ₩30 billion), extending its top-line growth. The company recently completed the acquisition of Walmart’s Advanced Systems and Robotics business and signed a major commercial agreement to automate Walmart’s store pickup and delivery centers, targeting a multibillion-dollar backlog expansion.

The Korean-won/US-dollar exchange rate has hovered around ₩1,480 per dollar, with currency volatility also serving as an investment metric.

Founded in 2007 and headquartered in Wilmington, Massachusetts, Symbotic specializes in warehouse and logistics robotics automation. Its major North American customers include Walmart, Target, Albertsons and C&S Wholesale Grocers. Led by founder Richard “Rick” Cohen, the company went public on Nasdaq in 2022 through a SoftBank-backed SPAC merger. Investors have consistently flagged the risk of customer concentration, since a significant portion of Symbotic’s revenue depends on Walmart.