If You Invested $1000 In This Stock 20 Years Ago, You Would Have $23,000 Today
Portfolio Pulse from Benzinga Insights
Lam Research (NASDAQ:LRCX) has delivered an average annual return of 16.91% over the past 20 years, outperforming the market by 9.42% annually. A $1000 investment in LRCX 20 years ago would be worth $22,826.94 today. The company currently has a market cap of $92.57 billion.
November 16, 2023 | 3:00 pm
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Lam Research has significantly outperformed the market with a 20-year average annual return of 16.91%, turning a $1000 investment into $22,826.94.
The historical performance data of Lam Research (LRCX) demonstrates the company's strong growth over two decades, which is likely to inspire investor confidence and could potentially attract more long-term investors, positively impacting the stock price in the short term.
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