If You Invested $100 In This Stock 10 Years Ago, You Would Have $500 Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Alphabet (NASDAQ:GOOGL) has delivered an average annual return of 17.75%, outperforming the market by 6.96% on an annualized basis. A $100 investment in GOOGL a decade ago would be worth $512.91 today, showcasing the impact of compounded returns on investment growth. Alphabet's current market capitalization stands at $1.84 trillion.
March 20, 2024 | 7:31 pm
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Alphabet (GOOGL) has shown significant growth over the past decade, with a $100 investment growing to $512.91, reflecting an average annual return of 17.75%.
The article highlights Alphabet's (GOOGL) strong performance over the past decade, with a significant return on investment. This historical performance, coupled with the company's current market capitalization of $1.84 trillion, suggests a positive outlook for the stock. The emphasis on compounded returns as a key factor in investment growth further underscores the stock's attractiveness to investors, potentially leading to increased investor interest and a positive short-term impact on the stock price.
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