Berkshire Hathaway Achieves $1 Trillion Market Value, First US Non-Tech Firm to Reach Milestone
In a groundbreaking achievement, Berkshire Hathaway has become the first U.S. company outside the technology sector to reach a market value of $1 trillion. This milestone was briefly realized on Tuesday morning when the conglomerate’s shares surged to achieve the valuation.
While technology giants like Apple, Nvidia, and Microsoft dominate the $3 trillion club, Berkshire Hathaway has made its mark as a notable non-tech player. Other companies in the trillion-dollar valuation range include Alphabet, Amazon, and Meta.
Founded in 1839 as a textile manufacturing firm, Berkshire Hathaway has evolved significantly. Warren Buffett, the company’s current CEO, acquired a majority stake in 1965 and has since guided it to unprecedented heights. Microsoft, founded in 1975, remains the oldest among the trillion-dollar tech firms.
Earlier this year, Buffett, now 93, tempered expectations in his annual letter to investors, suggesting that extraordinary growth may be a thing of the past for Berkshire Hathaway. “Berkshire should do a bit better than the average American corporation and, more importantly, should also operate with materially less risk of permanent loss of capital,” he wrote.
Despite Buffett’s cautious outlook, Berkshire Hathaway’s shares have surged more than 13% since the letter’s publication on February 24, with a year-to-date increase of 28%.
