$100 Invested In This Stock 10 Years Ago Would Be Worth $400 Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Micron Technology (NASDAQ:MU) has produced an average annual return of 13.98%, outperforming the market. A $100 investment in MU a decade ago would be worth $369.96 today. Micron's market cap stands at $94.95 billion, reflecting its growth and investor returns over time. The key takeaway is the significant impact of compounded returns on investment growth over long periods.
January 19, 2024 | 7:01 pm
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Micron Technology has demonstrated strong performance with an average annual return of 13.98% over the past decade, turning a $100 investment into $369.96 today.
The historical performance of Micron Technology is indicative of its strong growth and may positively influence investor sentiment. The emphasis on compounded returns over time could attract long-term investors, potentially leading to a short-term positive impact on the stock price.
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