TECH - Warren Buffett's Berkshire Hathaway Elon Musk's Tesla And Eli Lilly Could Be Next Trillion-Dollar Companies After Nvidia's Rapid Ascension: Jim Cramer | Benzinga
CNBC’s Jim Cramer has identified three companies that could potentially join the trillion-dollar club, in the wake of Nvidia Corp‘s (NASDAQ:NVDA) rapid ascension.
What Happened: On Monday, Cramer named Eli Lilly and Co (NYSE:LLY), Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK), and Tesla Inc (NASDAQ:TSLA) as potential candidates for the trillion-dollar market cap, reported CNBC.
"There is no next Nvidia — it's what we call at law school sui generis — and you might not see another story this strong for a generation," he said, while also mentioning that there are other companies "that can break through the $1 trillion barrier and while they're not as exciting as Nvidia, a few of them come pretty darned close."
He highlighted Eli Lilly as a strong contender, with a current market cap of over $730 billion according to FactSet. Cramer believes the company’s value could skyrocket due to the potential of its GLP-1 drugs, which are currently used to treat diabetes and obesity. There is also ongoing research on their effectiveness in treating cardiovascular and liver diseases.
Berkshire Hathaway, valued at over $905 billion, and Tesla, with a market cap of over $611 billion according to FactSet, were ...