Micron Technology (NASDAQ:MU) has outperformed the market over the past 15 years by 5.34% on an annualized basis.
Buying $100 In MU: 15 years ago, an investor could have purchased 7.58 shares of Micron Technology at the time with $100. This investment in MU would have produced an average annual return of 13.24%. Currently, Micron Technology has a market capitalization of $94.23 billion.
Micron Technology's Share Price Over Last 15 Years
This $100 investment would be worth $637.50 today based on a price of $84.15 for MU at the time of writing.
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
