If You Invested $1000 In This Stock 20 Years Ago, You Would Have $28,000 Today
Portfolio Pulse from Benzinga Insights
Lam Research (NASDAQ:LRCX) has significantly outperformed the market over the past 20 years, with an annualized return of 18.1%. A $1000 investment in LRCX 20 years ago would be worth $28,027.28 today, highlighting the power of compounded returns.
October 23, 2024 | 2:30 pm
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Lam Research has shown exceptional long-term performance with an 18.1% annualized return over 20 years. This highlights the potential of compounded returns in stock investments.
The article emphasizes Lam Research's strong historical performance, which is likely to positively influence investor sentiment and potentially drive short-term stock price appreciation.
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