Berkshire Hathaway Becomes First Non-Tech, Eighth US Company to Surpass $1 Trillion Market Cap

Aug 28, 2024, 02:10 PM

Berkshire Hathaway, led by Warren Buffett, has reached a significant milestone by surpassing a $1 trillion market capitalization for the first time. This achievement marks Berkshire Hathaway as the first U.S. company outside the technology sector to reach this valuation, joining a select group of companies with trillion-dollar market caps. The company's shares have surged over 27% in 2024, reflecting strong investor confidence. Founded in 1839 and transformed under Buffett's leadership since 1962, Berkshire Hathaway's diverse portfolio and strategic investments have contributed to its historic valuation. It is the eighth U.S. company to achieve this milestone.