(News Bulletin 247) – Berkshire Hathaway, Warren Buffett’s company, was the first American “non-tech” company to cross this symbolic threshold, at the end of August. Several companies could join it in a few months, according to projections from bestbrokers.com.

At the end of August, the global stock market hierarchy was somewhat shaken up. Berkshire Hathaway, Warren Buffet’s conglomerate, crossed the symbolic threshold of $1,000 billion in market capitalization, the value of all of the company’s shares.

A nice gift for the 94th spring of the American billionaire (he was born on August 30), who saw his company join this very select club, that of companies which one day broke the ceiling of 1,000 billion dollars of stock market valuation.

A crossing earlier than expected

This “1,000 billion” club is currently composed of American tech groups, with the exception of the oil major Saudi Aramco. Reaching such a weight on the stock market is therefore an event in its own right for Berkshire Hathaway, since it is the first American “non-tech” company to break this symbolic ceiling.

It must be said that Berkshire Hathaway is in great shape on Wall Street and can even hold its own against some of the big names on the American stock market. Its class B shares were showing gains of 30% since the beginning of the year at the end of August.

Also, this threshold crossing was faster than anticipated by the experts of the Bestbrokers.com site, who saw Berkshire Hathaway breaking through this ceiling at the end of January 2025.

“Investors may have turned to Berkshire for downside protection in case the tech rally runs out of steam, or they may have sought exposure to the artificial intelligence business through Berkshire’s stake in Apple,” said Greggory Warren, a strategist at Morningstar.

Since then, the company has returned below the $1 trillion market cap mark but remains in close proximity to that threshold, with a market cap of $984.29 billion. It is not out of the question that the conglomerate will once again cross that threshold, before perhaps locking it in permanently.

Whose turn is it?

After Berkshire Hathaway, which company will be brought to achieve this feat? The experts at Bestbrokers.com have updated their projections, with surgical precision. According to them, Eli Lilly would be the next company to reach this symbolic milestone, on January 15, 2025.

To advance such a timetable, the site is assuming that the stock will continue to grow at an average rate of 48.99% per year, starting from a market capitalization of $864.43 billion on September 3, 2024.

To establish its projections and arrive at such conclusions, the site sifted through the 50 largest global stock market capitalizations as of September 3, 2024, based on data from companiesmarketcap.com. Then, the experts at Bestbrokers calculated the progression of each company’s stock market capitalization between 2022 and September 2024, then established an annual average. Finally, they applied this average growth rate to the stock market capitalization of each company, as of September 3, 2024.

Following this methodology, after Eli Lilly, Taiwanese TSMC (which had already crossed the $1 trillion mark in July) and its $890.45 billion as well as semiconductor manufacturer Broadcom valued at $757.9 billion, would respectively join this very select club on March 18 and May 14, 2025 if the progression of their market capitalization remains unchanged at an annual rate of 23.93% and 48.42%, respectively.

One European group maintains its status as a serious candidate for entry into this closed circle: the pharmaceutical laboratory Novo Nordisk. The Danish company should be the first in Europe to cross this threshold of 1,000 billion dollars, and Bestbrokers predicts reaching such a threshold on April 28, 2026, if the title continues to progress on average by 34.22%.

In these same projections, BestBrokers experts estimated that Nvidia would be the first listed company to cross the unprecedented $4,000 billion market capitalization mark, as early as the beginning of 2025.