Investing in the stock market is one of the best ways to grow your money and build wealth over time. As companies grow their profits, shareholders are often rewarded with dividends and higher stock prices.
Owning a diversified basket of stocks, such as an S&P 500 index fund, is one of the best investments you can make, but some stocks will dramatically outperform the market indexes.
These are the best performing stocks of the past ten years.
The best performing stocks of the past ten years
*Data as of February 27, 2024
Source: macro trends
1. Nvidia (NVDA)
Nvidia is one of the best performing stocks of all time and has rewarded shareholders handsomely over the past decade. Nvidia initially rose to prominence for its chips used for video game graphics, but its business has boomed recently thanks to the rise of artificial intelligence. Nvidia’s revenue grew to $60.9 billion in fiscal 2024, up from $27.0 billion in 2023.
- Annualized return over 10 years: 68.0 percent
- Market capitalization: $2.0 trillion
2. Advanced Micro Devices (AMD)
AMD is a semiconductor company that offers a variety of products used in data centers, supercomputers and more. The company is also benefiting from the rise of AI and machine learning technologies. AMD generated $22.7 billion in revenue in 2023.
- Annualized return over 10 years: 47.2 percent
- Market capitalization: $283.0 billion
3. Super Microcomputer (SMCI)
Super Micro Computer is a provider of accelerated computing platforms for various markets including enterprise data centers, cloud computing, artificial intelligence, 5G and edge computing. The company had revenues of $7.1 billion in fiscal 2023.
- Annualized return over 10 years: 45.1 percent
- Market capitalization: $47.2 billion
4. Green Brick Partners (GRBK)
Green Brick Partners is a diversified homebuilding and land development company focused on five major markets: Dallas-Fort Worth, Austin, Atlanta, Treasure Coast, Florida and Colorado Springs. The company says it aims to maximize long-term value while mitigating the risks of recessions by controlling costs and responding quickly to market trends.
- Annualized return over 10 years: 40.6 percent
- Market capitalization: $2.6 billion
5. Broadcom (AVGO)
Broadcom designs, develops and delivers semiconductor and infrastructure software solutions. The company acquired VMware in November 2023 for approximately $86.3 billion. Broadcom generated $35.8 billion in revenue in fiscal 2023.
- Annualized return over 10 years: 39.9 percent
- Market capitalization: $611.1 billion
6. Honest Isaac Corp. (FICO)
Fair Isaac describes itself as an applied analytics company, but you’re probably familiar with the company’s FICO score, which is used by banks, credit card issuers, insurers and retailers to measure consumer credit risk. Fair Isaac generated $1.5 billion in revenue in fiscal 2023.
- Annualized return over 10 years: 37.6 percent
- Market capitalization: $32.0 billion
7. Monolithic Power Systems (MPWR)
Monolithic Power Systems is a company that provides high-quality semiconductor-based power electronics solutions. The company is headquartered in Kirkland, Washington and also has offices in Asia and Europe. Monolithic Power Systems generated $1.8 billion in revenue in 2023.
- Annualized return over 10 years: 36.8 percent
- Market capitalization: $35.0 billion
8. Builders FirstSource (BLDR)
Builders FirstSource is a supplier and manufacturer of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. The company has integrated more than 60 acquisitions since 1998 and generated revenues of $17.1 billion by 2023.
- Annualized return over 10 years: 36.0 percent
- Market capitalization: $24.0 billion
9. Lam Research (LRCX)
Lam Research is a global supplier of wafer manufacturing equipment and services to the semiconductor industry. The products help chipmakers build smaller devices used in various electronic products. Lam Research generated $17.4 billion in revenue during fiscal 2023.
- Annualized return over 10 years: 35.3 percent
- Market capitalization: $123.0 billion
10. Cadence Design Systems (CDNS)
Cadence is a company that provides computer software, specialty computer hardware, IP and services to various industries and customers who design and build semiconductor and electronic systems. The company generated revenue of $4.1 billion in 2023.
- Annualized return over 10 years: 35.0 percent
- Market capitalization: $82.3 billion
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making any investment decision. In addition, investors are advised that the past performance of investment products does not guarantee future price increases.
