Berkshire Hathaway (BRK.A/BRK.B), the holding company of famed investor Warren Buffett, is on the cusp of achieving a $1 trillion U.S. market capitalization for the first time in its history.
Berkshire’s stock has risen 5% in the past month, bringing its year-to-date gain to 27% and giving the company a current market cap of $987 billion U.S.
Any further gains will push the stock above a $1 trillion U.S. market capitalization for the first time on record.
Berkshire Hathaway would become the eighth American company to achieve a market capitalization above $1 trillion U.S. and the first non-tech company to do so.
The other seven companies that are currently valued at more than $1 trillion U.S. include Nvidia (NVDA), Meta Platforms (META), Alphabet (GOOG/GOOGL), Apple (AAPL), Microsoft (MSFT) and Tesla (TSLA).
Berkshire Hathaway owns diversified companies ranging from railroads to jewellery stores. It also manages a massive portfolio of stocks that is currently worth more than $300 billion U.S.
Berkshire’s more affordable Class B stock has increased 30% in the last 12 months and currently trades at $460.63 U.S. per share, near a 52-week high.
