Berkshire Hathaway Inc. has become the first company in the United States outside of the technology sector to exceed a market valuation of $1 trillion. On Wednesday, the shares of Warren Buffett’s renowned conglomerate experienced a notable increase of up to 0.8%, propelling its market capitalization past the $1 trillion threshold for the very first time.
This significant milestone underscores Berkshire Hathaway’s robust performance in 2024, buoyed by impressive results from its insurance operations and a positive economic outlook. The company, headquartered in Omaha, Nebraska, now stands among an exclusive group of enterprises that have reached this prestigious valuation. Traditionally, this elite category has been dominated by technology behemoths such as Alphabet Inc., Meta Platforms Inc., and Nvidia Corp. With this achievement, Berkshire Hathaway distinguishes itself in a field largely occupied by tech giants.
