Dow Large Caps Surge by $20 Trillion in a Day... Focus Shifts to Home Depot

On the New York Stock Exchange, Home Depot Inc. (HD) surged 5.54% intraday on the 24th, hitting $342.43. Its market capitalization swelled to about $341.4 billion (roughly KRW 480 trillion), adding approximately $20 billion (around KRW 28 trillion) in a single day. Trading volume reached 3.16 million shares.

In May, Home Depot reported first-quarter results for fiscal 2026 that beat analysts’ revenue estimates and reaffirmed its full-year guidance. Since then, the company has announced a string of technology investments—most notably expanding digital and AI tools for its professional customer segment. Although Wolfe Research recently downgraded its rating on HD from “Outperform” to “Peer Perform,” Fortune published an article today highlighting Home Depot’s AI-based home-improvement retail strategy and underscoring its shift toward a next-generation technology platform.

As the world’s largest home-improvement retailer, Home Depot operates about 2,500 stores across the U.S. and Canada and maintained the No. 1 global sales ranking in the home-improvement sector in fiscal 2025. Most recently, the company appointed Franziska Bell as Chief Technology Officer, entered a strategic collaboration with Google Cloud, and expanded project management and AI tools for its professional customers—accelerating an “interconnected retail” strategy that seamlessly links stores and online channels while boosting the proportion of pro-customer business.