Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years by 23.97% on an annualized basis producing an average annual return of 34.54%. Currently, Broadcom has a market capitalization of $643.48 billion.
Buying $1000 In AVGO: If an investor had bought $1000 of AVGO stock 10 years ago, it would be worth $19,382.33 today based on a price of $1388.55 for AVGO at the time of writing.
Broadcom'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.
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