Berkshire Hathaway reached a $1 trillion market capitalization Wednesday morning, becoming the first non-technology company in the U.S. to do so. The milestone amounts to an early birthday present for chairman Warren Buffett, who turns 94 on Friday.
The conglomerate’s Class A shares initially rose over 1% Wednesday and hit an all-time high above the $699,000 mark, allowing Berkshire to temporarily crack the $1 trillion threshold, before falling slightly as the day continued. Berkshire has famously never split the stock, which sells for almost 70% more than the median price of a home in the U.S., according to data from the St. Louis Fed.
