Benzinga | Nov 18, 2021 12:41PM EST

Here's How Much $1000 Invested In Applied Materials 10 Years Ago Would Be Worth Today

Applied Materials (NASDAQ:AMAT) has outperformed the market over the past 10 years by 16.48% on an annualized basis.

Buying $1,000.00 In AMAT: 10 years ago, an investor could have purchased 94.61 shares of Applied Materials at the time with $1,000.00. This investment in AMAT would have produced an average annual return of 31.42%. Currently, Applied Materials has a market capitalization of $141.83 billion.

Applied Materials's Share Price Over Last 10 Years

If you had invested $1,000.00 in Applied Materials you would have approximately $18,495.38 today.

In other words, you would have more than 10X'd your money.

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.