Berkshire Hathaway Hits $1 Trillion Market Value
Warren Buffett's conglomerate becomes the first non-tech U.S. company to reach the milestone, reflecting strong investor confidence.
- Berkshire Hathaway's market value surpassed $1 trillion, joining an exclusive club of seven other U.S. companies.
- The conglomerate's shares have risen 28% this year, outpacing the S&P 500's 18% gain.
- Buffett's firm has been reducing its stakes in Apple and Bank of America, amassing a record $277 billion in cash.
- Berkshire's diverse holdings include Geico, Dairy Queen, and BNSF Railway, making it a proxy for the American economy.
- Buffett, who turns 94 this week, has led the company since 1965, transforming it from a struggling textile business into a financial powerhouse.