94th birthday gift for Oracle of Omaha: Warren Buffett's Berkshire Hathaway becomes world's first nanotechnology company to hit $1 trillion mcap
Berkshire Hathaway touching the $1 trillion mcap. This massive market capitalization was earlier unheard of for nanotech companies, but Berkshire Hathaway has made it possible as the world's first company to achieve this target.
Berkshire Hathaway crosses S&P 500 in gains this year
The Omaha, Nebraska-based company has seen massive rally in its shares, rising around 28% in the year 2024 itself, and with a few more months to go this year, the share prices are expected to rise a bit more. In fact, the dominance of Berkshire Hathaway was so good in the share market, that it surpassed S&P 500′s 18% gain this year, says CNBC.
Also Read: Yellowstone Season 5 Part 2: Will John Dutton die in the upcoming episodes? Here’s what the promo reveals
Mcap milestone projecting company strength
According to analysts at Berkshire Hathaway, the latest news of the nanotech company touching the $1 trillion mcap mark is a sheer display of the company strength and dominance in not only their sector, but also in the world market, with increasing prospects of growth.
Interestingly, Warren Buffet's Berkshire Hathaway still represents some of the few remaining conglomerates in the world at this moment, having been soaring since the 1960s under Buffet's leadership across multiple sector of businesses, including insurance, railroad, retail, manufacturing, energy and so much more. Berkshire is responsible for making the US markets what it is today, being a pillar of the 'old economy' as a major conglomerate, diversified across various sectors
