Buffett’s Berkshire Tops $1 Trillion in Market Value
- Firm became first US company outside tech to reach milestone
- Shares have outperformed the S&P 500’s gains in 2024
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Berkshire Hathaway Inc. became the first US company outside of the tech sector to surpass $1 trillion in market value.
Shares of Warren Buffett’s conglomerate rose 0.9% on Wednesday to push its market capitalization above the trillion-dollar mark for the first time. The stock has rallied this year on strong insurance results and economic optimism. The Omaha, Nebraska-based company joins the ranks of a small group to crack the milestone, dominated by technology giants like Alphabet Inc., Meta Platforms Inc. and Nvidia Corp.