Warren Buffett’s Berkshire Hathaway hits $1T market value

Conglomerate becomes 1st American company outside technology industry to reach milestone

By Ovunc Kutlu

ISTANBUL (AA) - American business magnate Warren Buffett's conglomerate Berkshire Hathaway saw its market value hit $1 trillion mark on Wednesday.

The US-based multinational conglomerate holding company's stock price was trading at $466.39 per share at 9.55 a.m. EDT (1355GMT) for a daily gain of 1%, giving the firm a market capitalization of $1 trillion.

The conglomerate has become the first American publicly traded company outside the technology sector to reach that milestone.

Berkshire Hathaway ranked eighth among the world's largest companies by market cap, behind Facebook's parent firm Meta Platforms on seventh spot with $1.3 trillion market value.

As of Wednesday, Saudi Arabia's national oil company Saudi Aramco took sixth place, and e-commerce tech firm Amazon was fifth -- each with a market cap of nearly $1.8 trillion.

Google's parent firm Alphabet ranked fourth with just over $2 trillion, while Microsoft was third with $3 trillion.

American chipmaker Nvidia ranked second with $3.1 trillion, and Apple was on top spot with more than $3.4 trillion.

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