Berkshire Inches Toward $1 Trillion Valuation After Results

Berkshire Hathaway Inc. shares rose as much as 5.5% in premarket trading on Monday, set to push the market value of Warren Buffett’s conglomerate even closer to $1 trillion.

The Omaha, Nebraska-based firm posted higher operating earnings, boosting a stock that’s been been crawling toward the trillion-dollar club since it notched a fresh record high last year. Surpassing that level would make Berkshire the first US company outside of the technology sector to reach such a market capitalization.

The company’s shares, which gained about 15% last year, were already up about 17% so far in 2024 through Friday. Its market value stood at more than $900 billion at the end of last week, before its Saturday earnings report.

“Extreme fiscal conservatism is a corporate pledge we make to those who have joined us in ownership of Berkshire,” Buffett wrote in his annual letter to shareholders. “Berkshire is built to last.”

Berkshire Hathaway Inches Closer to $1 Trillion Mark

Shares pared the premarket advance to 2.1% as of 8:17 a.m. New York time.