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Friday, April 19, 2024

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $13,000 Today – Lam Research (NASDAQ:LRCX)

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Lam Research LRCX has outperformed the market over the past 15 years by 11.08% on an annualized basis producing an average annual return of 18.46%. Currently, Lam Research has a market capitalization of $68.38 billion.

Buying $1000 In LRCX: If an investor had bought $1000 of LRCX stock 15 years ago, it would be worth $12,690.73 today based on a price of $509.02 for LRCX at the time of writing.

Lam Research’s Performance Over Last 15 Years

Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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