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Warren Buffett's Birthday Gift: Berkshire Hathaway Became First Non-Tech Trillion-Dollar Company
Written byMarket Vision
Thursday, Aug 29, 2024 3:11 am ET1min read
Berkshire Hathaway has risen nearly 30% this year, reaching a market capitalization of over $1 trillion for the first time, making it the seventh U.S.-listed company to exceed this valuation and the first in the non-tech sector to achieve it.
The company's market cap has increased by approximately $230 billion this year, surpassing the total market value of iconic American companies like American Express, McDonald's, Cisco Systems, and Wells Fargo.
In recent filings with the U.S. Securities and Exchange Commission, Berkshire Hathaway disclosed significant increases in its holdings of U.S. Treasury bills, following the reduction of its stakes in Apple and Bank of America. The company now holds more bonds than the Federal Reserve.
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