$1000 Invested In Micron Technology 20 Years Ago Would Be Worth This Much Today
Portfolio Pulse from Benzinga Insights
Over the past 20 years, Micron Technology (NASDAQ:MU) has produced an average annual return of 10.84%, outperforming the market by 2.9% annually. A $1000 investment in MU 20 years ago would be worth $7,784.77 today. Micron's market capitalization currently stands at $124.11 billion.
May 01, 2024 | 2:00 pm
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Micron Technology has shown significant growth over the past 20 years, with a $1000 investment growing to $7,784.77, reflecting an average annual return of 10.84%.
The article highlights Micron Technology's strong performance over two decades, significantly outperforming the market with an average annual return of 10.84%. This long-term success story can positively influence investor sentiment, potentially leading to increased demand for MU shares in the short term.
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