Micron Technology (MU) has shown significant outperformance in the market over the past two decades, with an annualized return of 11.8%, outpacing the market by 3.57% annually. As of now, the company has a market capitalization of $145.79 billion. If an investor had purchased $100 worth of MU stock 20 years ago, it would be valued at $931.23 today based on the current price of $131.48.
The key takeaway from this data is the power of compounded returns over time in growing your investment significantly. It is important to note the potential impact of long-term investments and the benefits of staying invested over a period of time.
This information was created using Benzinga’s automated content engine and has been reviewed by an editor. Benzinga does not offer investment advice, but provides market news and data through its APIs. Copyright © 2024 Benzinga.com. All rights reserved.
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