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brothers and sisters, tonight is destined to be restless.

buffett, market value of one trillion us dollars!

tonight, berkshire hathaway, owned by "stock god" buffett, became the first non-technology american company to have a market value of over $1 trillion.

berkshire rose 1% on wednesday, pushing its market value above $1 trillion for the first time. the company's shares have risen this year on strong insurance results and economic optimism.

the omaha, nebraska-based company joins a handful of companies, mostly tech giants such as alphabet inc., meta platforms inc. and nvidia corp., that have crossed that milestone.

"berkshire did it, albeit more slowly but more surely," said steve check, founder and chief investment officer of check capital management.

berkshire's gains this year have outpaced the s&p 500, giving it one of its best starts to a year in a decade. berkshire's stock is up about 30% so far this year, while the market benchmark is up 18%. the company's stock performance is not far behind the "seven sisters" of the u.s. stock market, the largest technology stock index, which is up 35% this year.

currently, companies with a market value of over $1 trillion include apple, microsoft, nvidia, google, amazon, meta and saudi aramco.

buffett has spent much of his life transforming berkshire hathaway from a struggling textile mill into a sprawling business empire. he shaped the company with his longtime business partner, charlie munger, who died in november at the age of 99.

berkshire's market value has increased by about 20% annually since 1965, nearly double the annual return of the s&p 500 over the same period. that has made buffett one of the richest men in the world and the most productive investor of all time.

in addition, according to documents filed with the u.s. securities and exchange commission (sec) late on tuesday, berkshire hathaway sold a total of more than 24 million shares of bank of america on friday, monday and tuesday, cashing in about $982 million.

between the 15th and 19th of this month, buffett just sold 14 million shares of bank of america, worth about $550 million. since mid-july, berkshire has cut its stake in bank of america by nearly 13% through a series of reductions, cashing out a total of $5.4 billion.

buffett has remained silent on the reasons for his reduction of bank of america shares, but berkshire remains the largest shareholder of bank of america, currently holding 903.8 million shares.

the world is waiting for the latest financial report of nvidia, the "first stock in the universe"

investors around the world are gearing up for nvidia's latest earnings report tonight, with wall street closely watching the company to assess the sustainability of the broader tech and artificial intelligence deals.the semiconductor giant will report earnings after the closing bell, and its shares have surged 159% so far in 2024, sparking discussion about how much more upside the stock has.

since the advent of chatgpt, nvidia's stock market value has risen by nearly $3 trillion in about two years, almost reshaping the u.s. stock market and making the artificial intelligence chip manufacturing giant occupy a pivotal position in multiple stock indexes.

analysts say nvidia's financial report may have a greater market impact than federal reserve chairman powell's speech!

bespoke investment group said it was hard to recall a time when people had so much anticipation for a company's earnings report.

anthony saglimbene, strategist at ameriprise financial, said nvidia's earnings report may actually have a greater impact on the overall market than federal reserve chairman powell's speech at jackson hole last week.

dave sekera, chief u.s. market strategist at morningstar, said that if nvidia's revenue or net income falls short of expectations (which we think is unlikely) or if its guidance for next quarter is not strong enough, we could see a sell-off in nvidia and all ai stocks.

analysts say it's impossible not to talk about nvidia today. can the chipmaker's earnings live up to high expectations of 70% revenue growth in the current quarter? can its outlook for 2025 allay investor concerns about the blackwell chip delay? can this year's 160% gain really continue? these are all important to global markets. nvidia's weighting in the s&p 500 index exceeds 6%, which means it will affect u.s. stocks; and its importance in related industrial chains in places such as japan, south korea and taiwan means it will also affect transactions throughout asia.

“this is the most important stock in the world right now,” said eric jackson, an analyst at emj capital. “if they fail, that’s going to cause major problems for the entire market. i think they’re going to surprise to the upside.”

another major issue facing nvidia right now is the timeline for its next-generation ai chip, blackwell. the information reported earlier this month that the company is facing production issues that could delay volume shipments until the first quarter of 2025. but morgan stanley analysts wrote in a report this week: "the timing shift is not significant because supply and customer demand have quickly shifted to the h200 chip."

john belton, portfolio manager at gabelli funds, said nvidia is the purest way for investors to assess the health of the ai ​​infrastructure sector, so nvidia's earnings report is closely watched because it has a direct impact on many companies in the ai ​​value chain.

analysts expect nvidia to post revenue of about $29 billion this quarter, more than double the same period last year. they also expect further upward revisions to future sales guidance. but there is a new twist - the company must provide an update on the next generation of blackwell chips following reports of delays and design flaws. the company said in early august that production would accelerate as planned in the second half of this year.

howard chan, ceo of kurv investment management, said any comments about blackwell on the earnings call will be read as carefully as the fed's statement. "everyone will be hanging on every word," he said.

in addition, the three major u.s. stock indexes fell tonight.

chinese stocks plummeted, with the nasdaq golden dragon index falling more than 3%. li auto's stock price plummeted nearly 14%, xpeng motors' stock price plummeted 9%, and nio's stock price plummeted 6%. on the news front, on august 28, li auto announced its second quarter 2024 financial report. its second quarter revenue was rmb 31.7 billion, which was estimated to be rmb 31.42 billion; the adjusted net profit attributable to shareholders in the second quarter was rmb 1.50 billion, a year-on-year decrease of 44%.