Reported 5 months ago
The article discusses Berkshire Hathaway's potential to become the first non-technology company in the U.S. to join the $1 trillion club within the next 12 months. Led by Warren Buffett, the conglomerate's long-term investment strategy has resulted in significant returns, with key holdings like Apple, American Express, and Coca-Cola contributing to its success. With a market capitalization of nearly $900 billion, Berkshire only needs an 11% increase in stock value to reach the $1 trillion milestone, supported by factors such as stock buybacks by Apple and the Federal Reserve's potential interest rate cuts.
Source: YAHOO