$1000 Invested In This Stock 10 Years Ago Would Be Worth $22,000 Today
Portfolio Pulse from Benzinga Insights
Over the past decade, Broadcom (NASDAQ:AVGO) has significantly outperformed the market, yielding an average annual return of 36.17%. A $1000 investment in AVGO 10 years ago would now be worth $22,245.65, showcasing the power of compounded returns. Broadcom's market capitalization currently stands at $592.24 billion.
February 08, 2024 | 5:30 pm
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POSITIVE IMPACT
Broadcom's stock has shown remarkable growth over the past decade, turning a $1000 investment into $22,245.65, with an annual return of 36.17%.
The significant appreciation in Broadcom's stock value over the past decade, as highlighted by the transformation of a $1000 investment into $22,245.65, underscores the company's strong market performance and the impact of compounded returns. This historical performance, coupled with a substantial market capitalization of $592.24 billion, suggests a positive outlook for AVGO's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100