Berkshire Hathaway Joins $1 Trillion Club Under Warren Buffett's Leadership

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Berkshire Hathaway, led by CEO Warren Buffett, has joined the exclusive $1 trillion club, becoming the first non-technology company in the U.S. to reach this milestone. On Tuesday, shares of the conglomerate briefly surged, pushing its market value past $1 trillion. This achievement places Berkshire Hathaway alongside companies like Apple, Microsoft, and Amazon, which have also crossed the $1 trillion threshold.

Founded in 1839 as a textile manufacturing company, Berkshire Hathaway has evolved under Buffett's leadership since he took a majority stake in 1965. Despite Buffett's cautious outlook earlier this year, where he tempered expectations for "eye-popping performance," Berkshire Hathaway's shares have risen over 28% year-to-date.

While the company has recently reduced its holdings in Apple and Bank of America, it continues to hold significant stakes in American Express, Coca-Cola, and Chevron, among others. Additionally, Berkshire Hathaway has made new investments in Ulta Beauty and Heico, showcasing its diverse and dynamic portfolio. Buffett, who turns 94 on Friday, continues to steer the company towards steady growth and success.