Warren Buffett’s Berkshire Hathaway Hits All Time High At $700 Billion Market Valuation

Warren Buffett’s Berkshire Hathaway Hits All Time High At $700 Billion Market Valuation

Share to Linkedin Shares of billionaire Warren Buffett's investing conglomerate, Berkshire Hathaway, continued to their new year rally on Thursday, bringing the company's market value to a new high of over $700 billion—and putting it within reach of the trillion-dollar milestone. Berkshire's stock sits near all-time highs, rising over 4% so far this week. Shares of Berkshire Hathaway rose over 1% on Thursday, rallying for a fourth straight day as investors continue to rotate out of high growth stocks and into safer bets. Berkshire Class B shares have risen more than 4% in the first week of 2022 and now sit near all-time highs, giving the company a market valuation of more than $700 billion. The Oracle of Omaha's famed investing conglomerate owns a portfolio of more than 60 companies including Geico, Duracell and Dairy Queen; It also has a sizable stake in tech giant Apple. Berkshire may now be on its way to becoming the next trillion-dollar company, joining the likes of Tesla (worth $1. 07 trillion), Amazon ($1. 66 trillion), Microsoft ($2. 37 trillion) and Apple ($2. 84 trillion). With the Federal Reserve set to more aggressively cut back on its pandemic-era stimulus and raise interest rates this