Walmart's annual revenues were eclipsed for the first time by Amazon's combined ecommerce and cloud computing business, a pivotal shift revealed in the latest Financial Times analysis. This development underscores Amazon's relentless expansion beyond retail into high-margin cloud infrastructure, directly challenging Walmart's traditional revenue streams. Amazon's ecommerce and cloud division now generates greater annual revenue than Walmart's entire enterprise, forcing the retail giant to adapt rapidly. Walmart's strategic pivot towards affluent online shoppers has become critical, aiming to capture a wealthier demographic previously underserved by its mass-market offerings. This move reflects a broader industry realignment where tech-driven giants leverage cloud profits to fuel retail dominance.