AMD Turned $10,000 Into More Than $700,000 in a Decade. The S&P 500 Turned It Into About $42,000.
One chipmaker beat the index by a factor of 17 over ten years. The path there included a 55% single-year drop.
Overview
Ten years ago this week, Advanced Micro Devices (NASDAQ: AMD) closed at $6.73 a share. A $10,000 investment made that day would be worth about $724,000 as of this writing, with the stock near $487. That's a gain of more than 7,000%, or about 53% compounded annually for a decade. The same $10,000 in an S&P 500 index fund, with dividends reinvested, grew to about $42,000.
That is arguably one of the best 10-year runs any large company has ever delivered. What it took to earn it is the useful part.
Image source: AMD.
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Originally published at www.fool.com.
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