If You Invested $1000 In This Stock 10 Years Ago, You Would Have $13,000 Today

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 10 years by 18.25% on an annualized basis producing an average annual return of 29.27%. Currently, Lam Research has a market capitalization of $62.93 billion.

Buying $1000 In LRCX: If an investor had bought $1000 of LRCX stock 10 years ago, it would be worth $13,216.84 today based on a price of $461.40 for LRCX at the time of writing.

Lam Research's Performance Over Last 10 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.