The ninth in the world? Berkshire Hathaway is about to join the trillion dollar market cap club
白云追月素
发表于 2024-8-28 15:08:55
168
0
0
As Berkshire Hathaway's total market value approaches the "window paper" of breaking through the trillion dollar mark, the legendary experience of the "stock god" Buffett's life will undoubtedly add another vivid touch
According to Dow Jones market data, as of Tuesday's close, Berkshire Hathaway's total market value has approached $993 billion, just short of the last $7 billion to enter the "trillion dollar market value club". If this threshold can be quickly crossed in the future, Berkshire Hathaway is expected to become the ninth company in the world with a market value exceeding $1 trillion.
Prior to this, eight other companies that had achieved this milestone included all members of the US tech "Big Seven" - namely Nvidia, Microsoft, Apple, Amazon, Meta, Google parent company Alphabet and Tesla, as well as Middle Eastern oil giant Saudi Aramco.
Among these eight companies, except for Tesla, their current market value is still above the trillion dollar mark. Apple became the first publicly traded company to reach a trillion dollar market value milestone in the summer of 2018. Tesla's market value as of Wednesday has fallen to $668.35 billion, only about half of its peak at the end of 2021.
According to Dow Jones data, the total market value of Berkshire Hathaway has increased by approximately $218 billion since the beginning of 2024. This number is more than the total market value of iconic companies in various industries in the United States, such as American Express, McDonald's, Cisco Systems, and Wells Fargo.
FactSet data shows that Berkshire's Class A shares have risen 27.4% so far in 2024, closing at $691349 per share on Tuesday. At the same time, Berkshire's B-class stocks have risen by 29.2% this year, closing at $460.63.
The stock prices of Berkshire Hathaway's Class A and Class B stocks have set closing records for four consecutive trading days. If it can reach a market value of 13 figures, it will undoubtedly become the latest milestone in the legendary history of Berkshire Hathaway.
The predecessor of Berkshire Hathaway can actually be traced back to the 19th century, when it was a prosperous textile manufacturer in the New England region of the United States, but later fell into trouble. Buffett took control of the company in the mid-1960s and transformed it into a company primarily engaged in insurance business through several strategic acquisitions, with commercial activities in many other areas as well.
Berkshire Hathaway recently disclosed in its submitted documents that it has reduced its holdings in Apple Inc. and Bank of America. After selling these shares, Berkshire Hathaway's cash reserves reached a record high in the second quarter, reaching an astonishing $276.9 billion. At present, the company owns even more short-term Treasury bonds than the Federal Reserve.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Tesla exploded! The stock price has risen by nearly 22%, and the market value has increased by $150 billion! What happened?
- 200 billion dollar pharmaceutical company officially responds to executive investigation
- What is the cost of missing out on the AI craze? Samsung Electronics plummeted 32%, evaporating $122 billion in market value
- Bezos plans to sell $3.05 billion worth of Amazon stock
- Berkshire Hathaway's Q3 net profit was $26.251 billion, compared to a net loss of $12.767 billion in the same period last year
- Buffett's net sales of stocks for the eighth consecutive quarter, Berkshire Hathaway's cash reserves hit a new high
- 325.2 billion US dollars in cash! Berkshire Hathaway's cash reserves set a record. Why Buffett is throwing away apples and Bank of America
- Berkshire Hathaway's cash reserves hit a historic high: What signal did Buffett send?
- Set a record! BYD's monthly sales exceed 500000 vehicles, with extreme spending sprinting towards 30000 club new energy vehicles. October sales of new energy vehicles hit the charts
- Top 20 US stock transactions: Trump Media Technology Group's stock price surged by 12%; Nvidia once became the world's most valuable company during trading
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 昨天 20:02
- 支持
- 反对
- 回复
- 收藏
-
【科技记者古尔曼:苹果计划于12月第一周发布iOS 18.2系统更新 带来更多人工智能功能】科技记者古尔曼透露,苹果计划于12月第一周发布iOS 18.2系统更新。iOS 18.2将为iPhone 15 Pro机型和所有iPhone 16机型带来更多 ...
- cristianna
- 前天 17:32
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 昨天 16:55
- 支持
- 反对
- 回复
- 收藏
-
近日,爱立信中国区总裁方迎在接受《经济参考报》记者采访时表示,5G技术在全球范围内得到了迅速发展,但面临商业潜力未能充分挖掘、网络运营难度较以往更高两大挑战。因此,运营商在继续5G网络部署的同时,应关 ...
- blueskybb
- 前天 15:05
- 支持
- 反对
- 回复
- 收藏