Berkshire Hathaway, under Warren Buffett's leadership, is on the verge of reaching a $1 trillion market valuation.
As of Tuesday, the company’s market cap stood just shy of $1 trillion at $993 billion.
If successful, Berkshire would join an elite group that includes companies like Nvidia, Microsoft, Apple, Amazon, Meta, Alphabet, Tesla, and Saudi Aramco. Notably, Tesla, currently valued at $668 billion, is the only major player yet to hit the $1 trillion mark.
Since early 2024, Berkshire’s market cap has surged by $218 billion, a gain larger than the total market value of well-known firms such as McDonald’s and Cisco. Berkshire’s Class A shares have risen by 27.4% this year, while Class B shares have increased by 29.2%.
Berkshire’s journey to this milestone highlights its transformation from a struggling textile company into a major player in insurance and investments.
Recently, the company reduced its stakes in Apple and Bank of America and now holds more short-term Treasury bills than the Federal Reserve.
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