Berkshire: The 8th US Company to Enter 1 $Trln Club!
Yesterday, $Berkshire Hathaway(BRK.B)$ closed up 1.35%, reaching $460.63.
This year, Berkshire's market value has increased by $218 billion. Berkshire's market cap now stands at $992.9 billion, just a step away from the $1 trillion milestone.
Berkshire is poised to become the eighth U.S. company and the ninth globally to join the $1 trillion club.
This club includes the Mag 7: $Alphabet(GOOG)$, $Amazon.com(AMZN)$, $Apple(AAPL)$, $Microsoft(MSFT)$, $Netflix(NFLX)$, $NVIDIA Corp(NVDA)$, $Tesla Motors(TSLA)$, as well as Saudi Arabia's oil company, Saudi Aramco.
Berkshire's strong performance is partly attributed to its investments in popular stock sectors. In the energy sector, Berkshire holds significant shares of $Occidental(OXY)$. In financial services, it owns substantial stakes in Chubb Insurance, American Express, Visa, Bank of America, and Citigroup.
Recently, Berkshire has reduced its holdings in Apple and Bank of America.
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