Berkshire Hathaway approaches a trillion-dollar market value after hitting record highs for four consecutive days!
Warren Buffett's Berkshire Hathaway is expected to become the eighth company in the United States and the ninth company globally to enter the $1 trillion club
Yesterday, Berkshire Hathaway Class B shares rose by 1.35% to $460.63, reaching a record closing price and market value for the fourth consecutive trading day, according to Dow Jones market data.
Berkshire Hathaway's market value has increased by $218 billion this year, surpassing the current market values of companies such as American Express, McDonald's, Cisco Systems, and Wells Fargo. Currently, Berkshire Hathaway's market value stands at $992.9 billion, just a step away from the milestone of $1 trillion.
Berkshire Hathaway is poised to become the eighth company in the United States and the ninth globally to enter the $1 trillion club. This club includes the U.S. "Tech Seven Sisters" (Alphabet, Amazon, Apple, Microsoft, Netflix, NVIDIA, Tesla), as well as Saudi Arabia's oil company Saudi Aramco.
Berkshire Hathaway's impressive performance is partly attributed to its investments in popular stock sectors. In the energy sector, Berkshire Hathaway holds significant stakes in major Western oil companies. In the financial services sector, it owns stakes in companies such as Geico, American Express, Visa, Bank of America, and Citigroup.
Recently, Berkshire Hathaway has reduced its holdings in Apple and Bank of America