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

Berkshire Hathaway became the first U.S. non-technology company valued at $1 trillion.

Berkshire Hathaway crossed a $1 trillion market capitalization in August 2024. The milestone made it the first U.S. company outside the technology sector to reach that valuation, according to widely reported market rankings.

Berkshire is an unusual conglomerate led for decades by Warren Buffett. It owns or invests in businesses spanning insurance, railroads, utilities, energy, manufacturing, retail, and financial assets. Its broad collection of operating companies distinguishes it from the specialized technology firms that reached trillion-dollar valuations earlier.

The company’s history began with textile businesses, but Buffett’s investment partnership gradually built a diversified holding company. Berkshire’s insurance operations, especially its large pool of investable premiums, became an important source of capital for acquisitions and long-term investments.