Warren Buffett's Berkshire Hathaway Breaks $1 Trillion: Poll Suggests Big Pharma, Not Tech, Is Next Contender
Portfolio Pulse from Chris Katje
Berkshire Hathaway has reached a $1 trillion market cap, becoming the first U.S. non-tech company to do so. A poll suggests Eli Lilly and Taiwan Semiconductor are the next contenders for this milestone.
August 28, 2024 | 3:12 pm
News sentiment analysis
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NEUTRAL IMPACT
Broadcom, with a market cap of $743 billion, ranked fourth in a poll for the next $1 trillion company.
Broadcom's fourth-place poll ranking and $743 billion market cap suggest potential, but it may face challenges in reaching $1 trillion soon.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Tesla, despite a lower market cap of $665 billion, ranked third in a poll for the next $1 trillion company. Previously a member of the $1 trillion club.
Tesla's third-place poll ranking and past $1 trillion status indicate potential, but its current market cap of $665 billion suggests it may take time to rejoin the club.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Walmart, with a market cap of $610 billion, ranked fifth in a poll for the next $1 trillion company.
Walmart's fifth-place poll ranking and $610 billion market cap suggest it is less likely to reach $1 trillion in the near term compared to other contenders.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 40
POSITIVE IMPACT
Berkshire Hathaway has reached a $1 trillion market cap, marking a significant milestone as the first U.S. non-tech company to achieve this. The stock is up 28% YTD in 2024.
Berkshire Hathaway's achievement of a $1 trillion market cap is a significant milestone, reflecting strong performance and investor confidence. The stock's 28% YTD increase suggests positive market sentiment.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Eli Lilly is seen as a strong contender to reach a $1 trillion market cap, leading a poll with 43% of votes. The company is currently valued over $800 billion.
Eli Lilly's strong poll performance and current valuation over $800 billion indicate investor confidence in its potential to reach a $1 trillion market cap.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Taiwan Semiconductor is a strong contender to reach a $1 trillion market cap, ranking second in a poll with 25% of votes. The company is valued over $800 billion.
Taiwan Semiconductor's high poll ranking and valuation over $800 billion suggest it is well-positioned to potentially reach a $1 trillion market cap.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80