Buffett's Berkshire market value soars and will join the 1 trillion USD club

Currently, only seven US companies have crossed this milestone of a $1 trillion market cap.

On Tuesday, Berkshire's stock price rose about 1.5%, and its market cap is now approaching $1 trillion.

According to a report from Barron's magazine published by Dow Jones, based on data from Dow Jones Market Data, once Berkshire's market cap surpasses $1 trillion, it will become the 8th US company and the 9th global company with a market cap of over $1 trillion.

The US companies that have previously reached a $1 trillion market cap are the so-called 'Big Seven' tech giants, and if we include the global market, it also includes Saudi Arabian Oil Company (Saudi Aramco).

The 'Big Seven' tech giants in the US are Nvidia, Alphabet (the parent company of Google), Amazon, Apple, Meta Platforms (the parent company of Facebook), Microsoft, and Tesla.

So far this year, Berkshire's market cap has increased by $218 billion (about 937.4 billion Malaysian Ringgit), which is more than the market cap of some companies, such as American Express, McDonald's, Cisco, and Wells Fargo & Co.

Class A shares of Berkshire Hathaway have risen nearly 28% this year, with the stock currently at $0.69 million1350. Class A shares are expected to deliver their best performance since 2021.