$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,900 Today

Qualcomm QCOM has outperformed the market over the past 5 years by 11.48% on an annualized basis producing an average annual return of 23.74%. Currently, Qualcomm has a market capitalization of $167.14 billion.

Buying $1000 In QCOM: If an investor had bought $1000 of QCOM stock 5 years ago, it would be worth $2,903.23 today based on a price of $149.77 for QCOM at the time of writing.

Qualcomm's Performance Over Last 5 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.