Warren Buffett’s Berkshire Hathaway surpasses $1 trillion in market value

The investment guru Warren Buffett’s conglomerate Berkshire Hathaway became the first non-tech U.S. corporation to reach the $1 trillion mark in market value on Wednesday.

Berkshire Hathaway’s Class A shares saw a nearly 1% increase at mid-session on Wall Street, reaching a never-before-seen price of $699,699; it is unclear if they will be able to sustain this pace through to the close and officially join the «billion-dollar club.»

With the inclusion of the Saudi oil giant Aramco, only seven US technological companies—Apple, Amazon, Microsoft, Microsoft, Alphabet, Meta, Nvidia, and Tesla—have reached the trillion-dollar threshold on the stock market to far.

Following the disclosure of substantial revenues from the sale of Bank of America shares, Berkshire, which covers companies across many industries and has a sizable investment portfolio, is enjoying a positive day on the stock market.