Berkshire Hathaway Inc, the conglomerate led by legendary investor Warren Buffett, has achieved a significant milestone, becoming the 10th public company to cross the $1 trillion market capitalization threshold. This accomplishment makes Berkshire Hathaway the first non-technology U.S. company to reach this prestigious level, further solidifying its position as one of the world’s most valuable companies.
The company’s stock has experienced impressive growth, surging 28% year-to-date in 2024, propelling it to the $1 trillion mark. Joining a select group of eight companies currently valued at $1 trillion or more, Berkshire Hathaway stands alongside giants like Apple, Nvidia, Microsoft, Alphabet, Amazon, Saudi Aramco, and Meta Platforms.
Looking ahead, the question of which company will be the next to reach this milestone is generating considerable interest. Benzinga conducted a poll to gauge public sentiment, and the results indicate that Eli Lilly and Company and Taiwan Semiconductor Manufacturing are the frontrunners, with both companies currently valued above $800 billion.
Berkshire Hathaway’s success is a testament to Buffett’s investment strategy and the company’s robust portfolio, which includes key brands and a substantial stock portfolio that features blue-chip companies like Apple. The company’s impressive performance is also reflected in its stock price, which has risen 31% in the past year and 129% over the past five years.
The recent achievement by Berkshire Hathaway underscores the dynamic nature of the global stock market, where companies are constantly vying for positions on the leaderboard of the most valuable businesses. The $1 trillion mark represents a significant threshold, signifying immense size, influence, and financial strength. As the market continues to evolve, it will be interesting to see which companies emerge as the next contenders for this prestigious milestone.
