Which company became the first U.S. non-technology business valued at $1 trillion in 2024?

Berkshire Hathaway became the first U.S. non-technology company to reach a $1 trillion market capitalization in 2024.

The conglomerate crossed the milestone in late August 2024, after its Class A shares rose and investors continued to value its diverse collection of operating businesses, insurance operations, investments, and large cash reserves. Berkshire’s portfolio includes businesses such as GEICO, BNSF Railway, and Berkshire Hathaway Energy.

Warren Buffett transformed Berkshire from a struggling textile manufacturer into a diversified holding company. He became chairman and chief executive in the 1960s and built its reputation around disciplined acquisitions, insurance float, and long-term stock investing.

The phrase “non-technology” distinguishes Berkshire from earlier trillion-dollar U.S. companies such as Apple, Microsoft, and Amazon. Berkshire does own technology-related investments, but it is classified primarily as a conglomerate rather than a technology company.