There’s a new member of the $1 trillion company club in the US — and for the first time, it isn’t a technology company. On Tuesday morning, shares of Berkshire Hathaway (BRK.B) briefly rose high enough to give the conglomerate holding company a market value of $1 trillion.

Berkshire Hathaway's market value closed above $1 trillion for the first time on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the American economy.

Shares of Berkshire Hathaway rose in intraday trading on Wednesday, pushing the industrial conglomerate’s market capitalization above $1 trillion for the first time. Berkshire is just the 8th U.S. company to achieve that feat.