Berkshire Hathaway Hits $1 Trillion Market Cap

Berkshire Hathaway, led by Warren Buffett, has achieved a market capitalization of $1 trillion, becoming the first non-technology U.S. company to reach this milestone. This reflects strong investor confidence in the conglomerate, which includes diverse businesses like Geico, BNSF Railway, and Dairy Queen. Berkshire's Class A shares soared to an all-time high, while its Class B shares also saw significant gains. In addition to its operating profits, Berkshire has amassed a cash reserve of $276.9 billion, largely by selling substantial portions of its Apple and Bank of America holdings. Buffett’s strategic stock sales suggest a cautious outlook on current market valuations, positioning Berkshire to capitalize on future downturns. Despite selling off some major investments, Berkshire’s portfolio remains robust with significant stakes in companies such as American Express and Coca-Cola.