The stock hit an all-time high Monday, and the company moved closer to a milestone — the first $1 trillion market value.

Apple stock surged on Friday, when Buffett revealed on the eve of the Berkshire Hathaway annual shareholder meeting that Berkshire had acquired 75 million more shares.

The Oracle of Omaha’s company owns more than 240 million shares of Apple, about a 5% stake. Shares of Apple rose nearly 2% more on Monday. The company is now worth more than $940 billion.

The company wowed Wall Street with better than expected profits on May 1, even as it reported that iPhone sales have slowed in the United States. Sales in China and Japan grew dramatically.

Apple also showered investors with plans for a huge stock buyback program, which should boost earnings per share, and a dividend increase. Apple’s stock is up 13% in May.

Buffett gushed about the buybacks at the Berkshire meeting, telling investors that share repurchases were a sensible use of Apple’s ginormous pile of cash.

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