Good morning and welcome to the final month of 2024. As AI adoption accelerated this year, the tech-heavy group of stocks known as the Magnificent Seven has often been in the spotlight. But the holding company Berkshire Hathaway is giving big tech a run for its money.
At age 94, Warren Buffett, chairman and CEO of Berkshire Hathaway, No. 5 in the Fortune 500, continues to keep the business world interested in what he is buying or selling. The firm's market cap reached above $1 trillion a few months ago, and it sits just beneath Tesla and above Taiwan Semiconductor. Yet, Buffett’s company is distinct for some of its holdings. Its signature property is Geico Insurance, and it also owns brands Duracell, Fruit of the Loom, Dairy Queen, and BNSF Railway that became household names more than half a century ago.
