Over the past two decades, Micron Technology (MU) has consistently outperformed the market, achieving an annualized return of 3.57% higher than the market average. This has resulted in an impressive average annual return of 11.8%. With a current market capitalization of $145.79 billion, Micron Technology has proven to be a strong investment choice for many.
An investor who purchased $100 worth of MU stock 20 years ago would now be valued at $931.23, based on the current price of $131.48 per share. This demonstrates the significant growth potential that Micron Technology has shown over time.
The performance of Micron Technology over the last two decades serves as a valuable lesson on the power of compounded returns in accumulating wealth over time. By investing wisely and staying committed to long-term growth strategies, investors can potentially achieve significant financial gains.
This article was created by Benzinga’s automated content engine and has been reviewed by an editor to ensure accuracy. Market news and data provided by Benzinga APIs