Here's How Much $1000 Invested In Broadcom 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Broadcom (NASDAQ:AVGO) has significantly outperformed the market, with an annualized return of 25.27% and an average annual return of 35.82%, growing a $1000 investment to $21,898.53. Broadcom's market capitalization stands at $628.07 billion.
April 15, 2024 | 4:30 pm
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POSITIVE IMPACT
Broadcom's (NASDAQ:AVGO) 10-year performance showcases a significant market outperformance with a 25.27% annualized return, turning a $1000 investment into $21,898.53.
The substantial growth in Broadcom's stock value over the past decade, as highlighted by the 25.27% annualized return and the significant increase in investment value, suggests a positive outlook for the stock. This performance, coupled with a strong market capitalization, indicates a robust financial position and operational success, likely contributing to continued investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100