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<keyword id="19995882" type="General" weightage="100" keywordseo="Berkshire-Hathaway" source="keywords" meta.keywordsubtype="org" meta.entityname="Berkshire Hathaway" meta.hostid="261" meta.entityid="Berkshire Hathaway">Berkshire Hathaway</keyword> Inc., the conglomerate led by American Businessman <keyword id="19921921" type="General" weightage="20" keywordseo="Warren-Buffett" source="keywords">Warren Buffett</keyword>, has made history by becoming the first U.S. non-tech company to surpass the USD <keyword id="6852179" type="General" weightage="20" keywordseo="1-trillion" source="Orion">1 trillion</keyword> mark in <keyword id="20000950" type="General" weightage="20" keywordseo="market-capitalisation" source="keywords">market capitalisation</keyword>. The <keyword id="19998639" type="General" weightage="20" keywordseo="stock-price" source="keywords">stock price</keyword> of Berkshire Hathaway surged by USD 3.96 on the New York Stock Exchange, closing at USD 464.59 per share on Wednesday. With this milestone, Berkshire Hathaway joins an exclusive group of six other companies, primarily from the <keyword id="19896148" type="General" weightage="20" keywordseo="technology-sector" source="keywords">technology sector</keyword>, that have crossed the USD 1 trillion threshold. This list includes Apple, Nvidia, Microsoft, Alphabet (the parent company of Google), Amazon, and Meta Platforms (the parent company of Facebook). The stocks of Berkshire Hathaway have seen significant growth this year, appreciating by more than 28 per cent on the New York Stock Exchange. Despite this achievement, the broader U.S. stock markets faced a downturn on Wednesday. Both the S&amp;P 500 and the Nasdaq indices declined, largely due to profit-taking by investors. This market pressure in the U.S. had a ripple effect across Asian markets, where major indices also faced selling pressure on Thursday morning. In Asia, Japan's Nikkei index fell by 0.45 per cent, while Hong Kong's Hang Seng index declined by 0.55 per cent. Taiwan's Taiwan Weighted Index emerged as the largest loser among the major Asian markets, dropping by 1.32 per cent. In the Indian markets on Wednesday, the Nifty 50 index at the National Stock Exchange (NSE) touched a record new lifetime high of 25,114.05 during the trading. The sectoral stocks of IT contributed the most to the fresh lifetime high ever of Nifty. Rate cut hopes in the US and subsequent buying from foreign portfolio investors supported the market. The sectoral index of IT was trading with a lead of 1.96 per cent with stocks of major <keyword id="20062339" type="General" weightage="20" keywordseo="IT-companies" source="keywords">IT companies</keyword> such as LTIMindtree, Wipro, and Infosys are trading as the biggest gainers in the trade. <keyword id="19925636" type="General" weightage="20" keywordseo="stock-market" source="keywords">Stock market</keyword> opened nearly flat on Wednesday with Nifty starting above 25,000 and BSE Sensex opening at 81,800. Over the past few trading sessions, the Nifty was in the tight range despite the positive global cues. "Finally it has broken through to fresh all-time highs. This opens up possibilities for a strong upmove now. Sector-wise, domestic cyclicals will lead the way while IT is coming back in favour of selective name," said Ajay Bagga, Market and Banking expert.

Warren Buffett-led Berkshire Hathaway becomes first non-tech US company to cross USD 1 trillion market cap

<ul class="summary-list"><li>Tesla stock reached a $1 trillion valuation on Friday for the first time since April 2022.</li><li>Tesla stock surged 27% since Trump's election win on Tuesday, boosting Elon Musk's net worth.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> stock hit a $1 trillion market valuation for the first time since April 2022.The stock surged as much as 7% on Friday to an intra-day peak of $319.44, and shares have soared 27% since Donald Trump was <a target="_blank" class="" href="https://www.businessinsider.com/election-results-trump-harris-presidential-election-2024-11">declared the winner of Tuesday's presidential election.</a>Tesla CEO Elon Musk was a huge back of Trump's campaign in its final few months and donated over $100 million to efforts to reelect him.The massive gain in Tesla stock this week catapulted Musk to a net worth of about $300 billion, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/wealthiest-people-in-world-net-worth-increase-trump-victory-stocks-2024-11">solidifying his position as the world's richest person,</a> according to Bloomberg data.Wedbush analyst Dan Ives said Trump's win, while potentially negative for the broader electric vehicle sector, could significantly benefit Tesla.That's because while federal EV rebates and tax incentives would likely be withdrawn during Trump's second term, Tesla can navigate such a scenario, while its competitors will likely struggle. "Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players (BYD, Nio, etc.) from flooding the US market over the coming years," Ives explained in a note this week.A potential wave of deregulation could also fast-track Tesla's Full Self-Driving platform to market. Tesla's premium valuation has largely hinged on its progress in delivering a fully autonomous vehicle, so investors would likely cheer any progress on that front.Shares of Tesla are up 26% year-to-date, in-line with gains of the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100.</a>

Tesla hits a $1 trillion market cap after the stock rallies 27% following Trump's election win

<ul class="summary-list"><li>Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains.</li><li>TSMC's market cap briefly crossed $1 trillion on Monday.</li></ul>Tech giant <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-today-nvidia-stock-drives-nasdaq-record-closing-high-2024-7">Nvidia</a> has been riding the artificial intelligence wave that made it one of the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-bigger-than-apple-2nd-most-valuable-company-global-2024-6">world's most valuable companies.</a>Now, Nvidia's suppliers and upstream partners are riding on the hype, too.<a target="_blank" href="https://markets.businessinsider.com/stocks/tsm-stock">Taiwan Semiconductor Manufacturing Company, or TSMC,</a> ADR shares on the New York Stock Exchange briefly crossed the $1 trillion valuation mark on Monday after gaining as much as 4.8%. The stock is up nearly 80% this year to date.TSMC's shares on the Taiwan Stock Exchange were 0.5% higher at 1,040 New Taiwan Dollars apiece, or $32.26 apiece, at 10:55 a.m. local time on Tuesday.TSMC's stock surge on Monday came after <a target="_blank" href="https://seekingalpha.com/news/4122644-taiwan-semi-gains-as-morgan-stanley-expects-guidance-boost-on-ai-strength">Morgan Stanley</a> said it expects the chip giant to hike full-year sales estimates next Thursday when it announces second-quarter earnings.<a target="_blank" rel="" href="https://www.businessinsider.com/tsmc-us-china-tensions-may-dictate-fate-of-global-economy-2022-10">TSMC</a> produces, by some estimates, <a target="_blank" rel=" nofollow" href="https://www.citigroup.com/global/insights/global-insights/the-u-s-china-chip-war-who-dares-to-win">90% of the world's most advanced processor chips</a> and is the sole supplier of key advanced chips to Nvidia and Apple, among others."Our latest supply chain checks indicate that TSMC is delivering a message that leading-edge foundry supply could be tight in 2025 and customers may not get sufficient capacity allocation without 'appreciating TSMC's value,'" wrote Morgan Stanley analysts led by Charlie Chan on Sunday.The analysts called the strategy "hunger marketing."Last month, <a target="_blank" href="https://www.businessinsider.com/nvidia-taiwan-tsmc-ai-chip-price-hike-value-jensen-huang-2024-6">TSMC CEO C.C. Wei hinted</a> that the company was considering a price hike for its products.Meanwhile, <a target="_blank" href="https://www.businessinsider.com/nvidia-earnings-ai-chips-demand-jensen-huang-allocate-fairly-stock-2024-2">Nvidia CEO Jensen Huang</a> has said there's so much demand for his company's chips that he has to allocate them "fairly."It's not just TSMC that's reaping the benefits of Nvidia's meteoric rise.Dutch company <a target="_blank" href="https://markets.businessinsider.com/stocks/asml-stock">ASML,</a> TSMC's equipment supplier, also got a lift with shares briefly crossing 1,000 euros, or $1,082, apiece for the first time on Monday.ASML shares closed 0.5% higher at 997.90 euros apiece on the Amsterdam Stock Exchange on Monday and are 42% higher year to date.ASML's stock is now worth 395 billion euros — making it the third-most valuable company in Europe after Danish pharma giant Novo Nordisk and French luxury behemoth LVMH.ASML reports second-quarter results on July 17.

Chip giant TSMC crosses $1 trillion market cap, riding on the back of Nvidia's gains

<ul class="summary-list"><li>Apple's iPhone 16 launch will drive the company to a $4 trillion valuation by 2025, Wedbush said.</li><li>Wedbush analyst Dan Ives raised Apple's price target to $300, citing the iPhone 16's AI features.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/AAPL-stock">Apple's</a> upcoming launch of the <a target="_blank" class="" href="https://www.businessinsider.com/guides/tech/iphone-16">iPhone 16</a> will help catapult the company to a $4 trillion valuation in 2025, according to Wedbush Securities.Wedbush analyst Dan Ives bumped the firm's Apple price target to $300 from $285, representing potential upside of 38% from current levels.Ives said the iPhone 16 will be Apple's "most successful iPhone unit launch in its history" thanks to its AI-focused features, dubbed <a target="_blank" class="" href="https://www.businessinsider.com/apple-betting-ai-reverse-iphone-sales-samsung-google-apple-intelligence-2024-7">Apple Intelligence.</a>"We believe the careful rollout of Apple Intelligence features over the next 6-9 months is the right strategy to catalyze a major upgrade opportunity within Apple's installed base," Ives said.The Wall Street analyst expects iPhone sales growth to be in the high-single-digits over the next 12 to 18 months, in what will ultimately become a replacement "super cycle.""We are continuing to see further indications across the Asia supply chain that this iPhone upgrade cycle could be a historical one setting the stage for a supercycle as currently we estimate roughly 300 million iPhones globally have not upgraded in over 4 years," Ives explained.That pent-up demand among iPhone users who need a new phone will ultimately help fuel iPhone 16 unit sales of 240 million in 2025, he predicted.Ives was also encouraged by Apple's decision to leave iPhone prices unchanged for its new 16 and 16 Pro models, which was "a smart strategic move to not miss out on any upgrades."In China, Apple should see success with its iPhone 16 as it is likely to partner with Baidu for a large language model to fuel its Apple Intelligence features, according to Ives."Apple launching AI coupled by a massive pent up upgrade cycle is creating this new era of iPhone growth including in the key China region which has been a drag on the top-line over the past year," Ives said.Apple stock is down about 1.5% since it unveiled its iPhone 16 lineup on Monday. The shares were trading at $218.25 Tuesday morning.

Apple will hit a $4 trillion market cap in 2025 as the iPhone 16 sparks big upgrade cycle, Wedbush says 

The rupee rose 2 paise to 84.40 against the US dollar in early trade on Tuesday amid a recovery in domestic equity markets and a weaker American currency against major Asian rivals. Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain. At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close. On Monday, the rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.09 per cent at 106.10. Brent crude, the global oil benchmark, rose by 0.19 per cent to USD 73.44 per barrel in futures trade. On the domestic equity market front, Sensex was trading 271.42 points, or 0.35 per cent higher, at 77,610.43 points. The Nifty advanced 105.55 points, or 0.45 per cent, to 23,559.35 points. <keyword id="19932515" type="General" weightage="20" keywordseo="Foreign-Institutional-Investors" source="keywords">Foreign Institutional Investors</keyword> (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 1,403.40 crore, according to exchange data. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/tata-to-buy-a-majority-stake-in-pegatrons-iphone-plant-in-india/articleshow/115414852.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/tata-to-buy-a-majority-stake-in-pegatrons-iphone-plant-in-india/articleshow/115414852.cms" target="_blank">Tata to buy a majority stake in Pegatron's iPhone plant in India</a><a href="https://www.businessinsider.in/stock-market/webstories/ntpc-green-energy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115403791.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/ntpc-green-energy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115403791.cms" target="_blank">NTPC Green Energy IPO – GMP, risk factors and all you need to know</a><a href="https://www.businessinsider.in/entertainment/news/jiostar-announces-plans-starting-at-15-heres-everything-you-need-to-know/articleshow/115326701.cms" target="_blank"></a> <a href="https://www.businessinsider.in/entertainment/news/jiostar-announces-plans-starting-at-15-heres-everything-you-need-to-know/articleshow/115326701.cms" target="_blank">JioStar announces plans starting at ₹15 – here’s everything you need to know</a>

Rupee rises 2 paise to 84.40 against US dollar in early trade

The e-commerce market in India is projected to increase significantly to over USD 300 billion by 2030 as the country's <keyword id="20107419" type="General" weightage="20" keywordseo="digital-economy" source="keywords">digital economy</keyword> is set to reach a whopping USD 1 billion by the same year. According to <keyword id="19918506" type="General" weightage="20" keywordseo="Invest-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Invest India" meta.hostid="261" meta.entityid="Invest India">Invest India</keyword>, India's online shopper base will be the 2nd largest globally by 2030, with nearly 500-600 Mn shoppers. Even now, India has the 2nd largest Internet user-base globally with 881 million users. India is moving towards becoming a dominant force in global e-commerce by 2030, driven by a growing digital economy and an expanding internet user base. The data from the investment promotion and facilitation agency Invest India from shows India taking the lead in <keyword id="19957108" type="General" weightage="20" keywordseo="online-shopping" source="keywords">online shopping</keyword>, the e-commerce sector in India is valued at USD 70 billion at present. This makes up for just around 7 percent of the total retail market in the country. However, several factors are likely to contribute a bright future outlook for the sector. <cmsannotation type="cmsannotation" annotationid="Growing internet penetration and digital economy" comment="subhead" text="Growing internet penetration and digital economy">Growing <keyword id="20707509" type="General" weightage="20" keywordseo="internet-penetration" source="keywords">internet penetration</keyword> and digital economy</cmsannotation> Internet penetration across has seen substantial growth, with over 60% of the Indian population (918 million) using the internet by September 2023. Further, an estimated 87 percent of Indian households are projected to have internet access as early as 2025. The time spent accessing the internet via mobile devices has also increased by 21 percent compared to 2019. The affordability of data prices in India is a key factor, with one gigabyte of data priced at around USD 0.17 (Rs 13.5), encouraging a large portion of the population to go online. <keyword id="21457667" type="General" weightage="20" keywordseo="mobile-data-traffic" source="keywords">Mobile data traffic</keyword> has tripled from 2018 to 2023, demonstrating the growing dependence on <keyword id="19979951" type="General" weightage="20" keywordseo="digital-platforms" source="keywords">digital platforms</keyword> for diverse requirements. It is projected that by 2026, 1.18 billion people across the country will have access to smartphones, over 80% of India's population. The increasing number of smartphone users along with higher average data consumption per user, boosts the digital economy. The Unified Payments Interface (UPI) has become a major player in digital payments, handling transactions worth USD 1.5 trillion in 2022. There has been a significant increase in the availability of local language and mobile-first content, with about 73 percent of India's internet users utilizing Indian languages. As a result, there is an estimated regional language user base of 540 million, creating a market worth USD 53 billion. Digital infrastructure like UPI, eKYC, and Aadhaar has cut down the consumer onboarding time by 80 percent, enhancing the digital experience. The Open Network for Digital Commerce (ONDC) is another notable initiative by the Government of India, launched in 2022. It aims to provide equal opportunities to MSMEs to thrive in digital commerce and democratize e-commerce. <cmsannotation type="cmsannotation" annotationid="A transition along with growth" comment="subhead" text="A transition along with growth">A transition along with growth</cmsannotation> In FY 2022-23, Government e-marketplace (GeM) registered its highest ever Gross Merchandise Value of $2011 Bn, shows data from Invest India. The projected growth in online shoppers in India is substantial, with a compound annual growth rate (CAGR) of 22 percent to 88 million in rural India and 15 percent to 263 million in urban India from 2019 to 2026. There is a notable transition towards rural-focused value e-commerce, with more than 60 percent of demand anticipated to come from tier 2-4 towns and rural India by 2026. Government programs such as the National Logistics Policy are designed to streamline deliveries to remote areas, improving the efficiency and cost-effectiveness of logistics. The quick commerce market in India's hyperlocal mobility sector is also projected to grow exponentially to achieve a market size of USD 5.5 billion by 2025. Leading companies like Swiggy and Zomato are at the forefront of the market, while startups like Zepto are also gaining substantial market share. <keyword id="20873923" type="General" weightage="20" keywordseo="social-commerce" source="keywords">Social commerce</keyword>, a new trend that uses social networks and digital media to connect buyers and sellers, is also projected to achieve a market size of USD 70 billion by 2030, with small video applications gaining significant popularity. Significant mergers and acquisitions have been observed in the e-commerce sector, with companies such as Zomato and PhonePe making strategic decisions to enhance their positions. Government schemes like Jan Dhan Yojana, BharatNet Project, and the implementation of Goods &amp; Service Tax (GST) have been instrumental in shaping India's digital economy. (With inputs from ANI)

India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030

<ul class="summary-list"><li>Microsoft traded above $404 a share on Wednesday, crossing $3 trillion in valuation.</li><li>It's the second company ever to hit that mark, joining Apple.</li></ul><a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> climbed 1.3% to hit $404 a share on Wednesday, bringing its valuation above $3 trillion for the first time ever. The tech and artificial intelligence leader joins Apple as the only two companies to touch the milestone. Apple first reached it last summer, and with a stock price of about $195 a share, it remains right above that level. Microsoft has climbed more than 9% so far in January, including Wednesday's trading session, surpassing the 5.45% gain Apple has seen.The stock surge comes after a series of <a href="https://www.businessinsider.com/microsoft-glowup-ai-activision-blizzard-openai-chatgpt-2023-10">recent strategic wins</a> for the company, starting with chief executive Satya Nadella's move to take a <a href="https://www.businessinsider.com/microsoft-investing-billions-into-chatgpt-creator-openai-partnership-2023-1">multibillion-dollar stake in OpenAI</a>, the developer behind ChatGPT, a year ago.The move has helped solidify Microsoft's position as a leader in the nascent space, as OpenAI's ChatGPT became the face of the AI boom over the last year. The company generates around $1.3 billion a year, <a href="https://affiliate.insider.com?h=d134cb02f67fd5ca82944cc210305564ec3a0901cb27c2c1b4cb2ba411eee7f8&amp;postID=65b14474fb8500af501b87f7&amp;postSlug=microsoft-stock-price-market-cap-trillion-apple-ai-magnificent-seven-2024-1&amp;site=bi&amp;u=https%3A%2F%2Fwww.theinformation.com%2Farticles%2Fopenais-revenue-crossed-1-3-billion-annualized-rate-ceo-tells-staff%3Firclickid%3D1VHyuN3xWxyNT4ry9U0DeQCzUkHzFg34wx2wSM0%26irgwc%3D1%26utm_source%3Daffiliate%26utm_medium%3Dcpa%26utm_campaign%3D10078-Skimbit%2520Ltd.%26utm_term%3Dbusinessinsider.com" target="_blank" rel="noopener">The Information</a> reported in October, and it's helped fuel a shift in priorities toward AI for Microsoft as a whole.Thanks to AI, Wall Street strategists expect a strong showing for Microsoft's latest earnings report. Citi analysts raised their price target and reiterated their "buy" rating on the stock, per CNBC.Microsoft reports earnings on January 30.

Microsoft hits $3 trillion market cap

<ul class="summary-list"><li>Meta is approaching a $1 trillion market cap after Mark Zuckerberg's 'Year of Efficiency'</li><li>The last time Meta was as trillion-dollar company was in 2021. it suffered a massive stock price wipeout in 2022.</li></ul>Meta is starting off 2024 on a high note after its "Year of Efficiency."Shares of Meta Platforms are approaching the $1 trillion mark after its stock price gained 200% in 2023.Meta's market cap is now $966.60 billion, which means it's $33.4 billion away from the prized $1 trillion milestone.If Meta hits $1 trillion, it will join the ranks of fellow Big Tech peers <a target="_blank" href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft,</a> <a target="_blank" href="https://markets.businessinsider.com/stocks/aapl-stock">Apple,</a> <a target="_blank" href="https://markets.businessinsider.com/stocks/googl-stock">Alphabet,</a> <a target="_blank" href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon,</a> and <a target="_blank" href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a>, all of which are currently valued at $1 trillion or more. Microsoft is currently leading the pack with a market cap of $2.93 trillion.Meta has been here before. The last time the tech giant crossed the $1 trillion mark was in <a target="_blank" href="https://www.cnbc.com/2021/06/28/facebook-hits-trillion-dollar-market-cap-for-first-time.html">June 2021.</a> The stock hit its all-time high closing valuation of $1.08 trillion on September 7 of the same year, per <a target="_blank" href="https://affiliate.insider.com?h=c92b674dd70e333ae386451eac3ab8e6507f3c6568a22cf14c6d0630a6990fa8&amp;postID=65a9fc071a5e9cac8626e8d6&amp;postSlug=meta-share-price-market-cap-trillion-zuckerberg-year-of-efficiency-2024-1&amp;site=bi&amp;u=https%3A%2F%2Fwww.morningstar.com%2Fnews%2Fdow-jones%2F202401185764%2Fmeta-on-track-for-highest-close-since-september-2021-data-talk">Dow Jones Market Data.</a>However, like many other tech companies, Meta faced intense challenges after demand for tech products and services dropped off following the relaxation of Covid-related movement restrictions.In February 2022, Meta suffered the <a target="_blank" href="https://www.businessinsider.com/meta-q4-earnings-largest-ever-one-day-wipeout-190-billion-2022-2">largest one-day wipeout in US corporate history</a> after it reported fourth-quarter earnings that showed Facebook's daily active user base shrank for the first time ever.To cut costs, Meta laid off 11,000 people in November 2022 in the company's first major round of layoffs ever, and promised that 2023 was going to be a <a target="_blank" rel="" href="https://www.businessinsider.com/mark-zuckerberg-year-efficiency-meta-facebook-could-mean-more-layoffs-2023-2">"year of efficiency."</a>The efforts appeared to have paid off. In the third quarter of 2023, Meta reported <a target="_blank" href="https://www.businessinsider.com/meta-stock-earnings-call-q3-report-2023-10">strong earnings</a> that beat analysts' estimates.Meta's stock gained nearly 200% in 2023, making it the second-best performing company on the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-2023-performance-10-best-worst-performing-sp500-stocks-2023-12">S&amp;P 500</a> after chipmaker Nvidia.<a target="_blank" href="https://markets.businessinsider.com/stocks/meta-stock">Meta</a> shares closed 2.1% higher at $376.13 apiece on Thursday. They would need to close at $389.13 for the company's market cap to hit the trillion-dollar mark, according to a <a target="_blank" href="https://www.marketwatch.com/story/mark-zuckerberg-has-almost-taken-meta-back-to-trillion-dollar-market-cap-status-301c614a">MarketWatch</a> calculation.Meta's share price surge has boosted the wealth of cofounder and CEO Mark Zuckerberg, who holds a <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1326801/000132680123000050/meta-20230414.htm">13% stake</a> in the company. He is now the world's 6th-richest person with a net worth of $136 billion after starting 2023 with $48 billion, according to the <a target="_blank" href="https://www.bloomberg.com/billionaires/profiles/mark-e-zuckerberg/">Bloomberg Billionaires Index.</a>Meta's shares are up 6.3% higher this year to date.

Meta is approaching a $1 trillion market cap after Mark Zuckerberg's 'Year of Efficiency'

<ul class="summary-list"><li>Warren Buffett's company is closing in on a record $1 trillion market value.</li><li>Berkshire Hathaway's B shares have soared 29% this year, boosting its market cap to $993 billion.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/how-warren-buffett-spends-money-net-worth">Warren Buffett</a>'s conglomerate is on the verge of surpassing $1 trillion in market value for the first time, spotlighting the investor's extraordinary success over nearly six decades.Berkshire Hathaway's Class B shares have surged 29% this year, far outpacing the S&amp;P 500 index's 18% gain. The company was worth a record $993 billion at Tuesday's close, meaning it only has to rise another 0.8% to hit the $1 trillion mark.That's a <a target="_blank" class="" href="https://www.businessinsider.com/warren-buffett-berkshire-hathway-turnaround-story-mcdonough-pilot-real-estate-2024-1">remarkable feat</a>, given Berkshire comprised two textile mills and about 2,300 employees when Buffett first acquired control in early 1965. The business posted after-tax earnings of less than $5 million in 1968, Buffett's partnership letters show.Almost six decades later, Berkshire <a target="_blank" class="" href="https://www.businessinsider.com/warren-buffett-berkshire-hathaway-economy-consumer-spending-demand-recession-homes-2024-8">owns scores of businesses</a> including Geico, the BNSF Railway, and Sqishmallows-maker Jazwares, and holds multibillion-dollar stakes in public companies such as Apple and Coca-Cola. It posted operating earnings in excess of $37 billion last year and employed nearly 400,000 people at the end of December.<div type="image" title="train bnsf" height="730" width="1024" msid="112869619" hostid="261" sizebytes="90006"></div>Berkshire's sustained growth has made it the seventh-most valuable US public company. It's worth more than Eli Lilly ($859 billion), Broadcom ($751 billion), and Tesla ($665 billion), but less than Meta Platforms ($1.3 trillion).Buffett's net worth has risen $25 billion this year, putting him in eighth spot on the Bloomberg Billionaires Index, worth $145 billion.<h2 id="d9ee35a6-28c2-405f-836f-594dc325e34d">Headache</h2>A $1 trillion Berkshire has seemed inevitable for a while, given it had <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-trillion-assets-big-tech-tesla-nvidia-2023-8">assets worth $1.1 trillion</a> at the end of June. That included <a target="_blank" class="" href="https://www.businessinsider.com/berkshire-hathaway-apple-stake-second-quarter-earnings-report-2024-8">$277 billion</a> in cash, Treasurys and other liquid assets and short-term investments.Buffett, who turns 94 on Friday, might get a kick out of a $1 trillion market cap, but he may also have some misgivings. He's frequently framed Berkshire's mushrooming size as a <a target="_blank" class="" href="https://www.businessinsider.com/warren-buffett-80-billion-headache-dilemma-expensive-stocks-businesses-deals-2021-5">headache</a>, as it's become harder for him to find high-quality investments large enough to move the dial.One shareholder asked Buffett during Berkshire's 2014 annual meeting what a $1.2 trillion Berkshire would look like. The "Oracle of Omaha" seemed concerned about what compelling purchases he could make at that gigantic scale."There's no question that at some point we will have more cash than we can intelligently deploy," Buffett said, suggesting Berkshire stock might still be attractive to repurchase. That challenge may be on his mind as his company flirts with another milestone valuation.

Warren Buffett's company is on the verge of a $1 trillion valuation — but he may not be celebrating

<ul class="summary-list"><li>Stocks jumped on Tuesday, led by tech as Palantir stock helped the Nasdaq climb 1.4%. </li><li>Traders are eyeing the result of the US presidential election. </li></ul>US indexes surged Tuesday as a jump in tech stocks pulled indexes higher as traders headed toward the end of the US presidential election. A record earnings report from <a target="_blank" href="https://markets.businessinsider.com/stocks/pltr-stock">Palantir</a> helped push tech higher, with the stock soaring 23.5% to close at $51.15. The data software company delivered a record profit while showcasing high demand for its artificial intelligence products. Other tech leaders also ended higher, with Nvidia jumping almost 3% such as Nvidia and Tesla closing 3.5% higher.Nvidia's rally on Tuesday helped the chip titan surpass Apple as the world's most valuable company by market cap, at $3.42 trillion versus Apple's valuation of $3.38 trillion. The S&amp;P 500 and tech-heavy Nasdaq climbed 1.2% and 1.4%, respectively in the session. The Dow Jones Industrial Average rose by almost 430 points.Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,782.76, up 1.23%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,221.88, up 1.02% (+427.28 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,439.17, up 1.43%</li></ul>As voters flocked to the polls, Wall Street is on edge for the possibility of an uncertain election outcome following the conclusion of the vote.Some popular Trump trades rose throughout the day, with bitcoin and shares of Trump Media rising in anticipation of a potential Republican win. Treasurys yields edged slightly lower, with the 10-year bond dipping two basis points to 4.289%.On Wednesday, Wall Street's focus will quickly shift from the presidential race to the Federal Reserve's two-day policy meeting.<a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html"> Futures markets</a> indicate a 98.2% chance the central bank cuts interest rates by 25 basis points at the conclusion of its meeting on Thursday.Here's what else is going on:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/super-micro-computer-stock-delisting-risk-this-month-november-smci-2024-11?_gl=1*567hsv*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMDgzNzI1MS44MDEuMS4xNzMwODM4MDQzLjU5LjAuMA..">Super Micro Computer faces delisting from the Nasdaq as it comes up against a compliance deadline. </a></li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/us-election-stock-market-outlook-best-case-scenario-congress-gridlock-2024-11?_gl=1*11y3l5j*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMDgzNzI1MS44MDEuMS4xNzMwODM3OTIxLjYwLjAuMA..">A divided Congress would be the best-case outcome for stocks, JPMorgan says.</a></li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/election-bear-market-us-economy-stock-market-outlook-goldman-sachs-2024-11?_gl=1*1rj5c60*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMDgzNzI1MS44MDEuMS4xNzMwODM3OTgxLjYwLjAuMA..">There's an 18% chance that stocks are heading toward a post-election bear market,</a> Goldman Sachs says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stocks-to-buy-recession-investing-strategy-defensive-economy-outlook-money-2024-11?_gl=1*1936m0t*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMDgzNzI1MS44MDEuMS4xNzMwODM4MTM0LjYwLjAuMA..">A warning signal in the economy is telling investors to load up on defensive stocks, research firm says.</a></li><li><a target="_blank" href="https://markets.businessinsider.com/news/commodities/russia-economy-oil-gas-ukraine-war-budget-moscow-crude-prices-2024-11?_gl=1*1yvzx3u*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMDgzNzI1MS44MDEuMS4xNzMwODM4MzA1LjYwLjAuMA..">Volatile crude prices send Russian oil revenue down 28% in October.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil rose 0.99% to $72.18 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, climbed 0.81% to $75.69 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> increased by 0.18% to $2,751.2 an ounce.</li><li>The 10-year Treasury yield dipped two basis points to 4.289%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> jumped 2.82% to $69,401.</li></ul>

You Searched For "USD 1 trillion market cap" and got 10 results

Warren Buffett-led Berkshire Hathaway becomes first non-tech US company to cross USD 1 trillion market cap

ANI

Tesla hits a $1 trillion market cap after the stock rallies 27% following Trump's election win

Matthew Fox

Chip giant TSMC crosses $1 trillion market cap, riding on the back of Nvidia's gains

Huileng Tan

Apple will hit a $4 trillion market cap in 2025 as the iPhone 16 sparks big upgrade cycle, Wedbush says

Matthew Fox

Rupee rises 2 paise to 84.40 against US dollar in early trade

PTI

India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030

BI India Bureau

Microsoft hits $3 trillion market cap

Insider Inc.

Meta is approaching a $1 trillion market cap after Mark Zuckerberg's 'Year of Efficiency'

Huileng Tan

Warren Buffett's company is on the verge of a $1 trillion valuation — but he may not be celebrating

Theron Mohamed

Stock market today: Tech leads indexes higher as markets head toward the result of the US election

Filip De Mott

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