Wall St Gifts Warren Buffett: Berkshire Hathaway Is Now Worth $1 Trillion

There’s a new member of the $1 trillion company club in the US—and for the first time, it isn’t a technology company.

 Berkshire Hathaway briefly rose high enough to give the conglomerate holding company a market value of $1 trillion last week. I Photo: TEDizen Flickr

Last week, shares of Berkshire Hathaway briefly rose high enough to give the conglomerate holding company a market value of $1 trillion, Elisabeth Buchwald reported for CNN.

Topping the list of the most valuable companies are Apple, Nvidia, and Microsoft, all of which are worth more than $3 trillion.

Other companies trading above $1 trillion include Alphabet, Amazon, and Meta.

Among those companies, Microsoft, founded in 1975, is the oldest. Berkshire Hathaway, meanwhile, was founded in 1839 as a textile manufacturing company. Its current CEO, Warren Buffett, took a majority stake in the company in 1965.

At the start of the year, Buffett, who recently turned 94, warned investors in his annual letter that more skyrocketing performances are likely a thing of the past.

“Berkshire should do a bit better than the average American corporation and, more important, should also operate with materially less risk of permanent loss of capital,” he wrote.

“Anything beyond ‘slightly better,’ though, is wishful thinking.” In the letter, he also said,

“We have no possibility of eye-popping performance.” However, since his February 24 letter was published, shares of the company are up more than 13%, and year-to-date they’re up a whopping 28%.