Brian Baker, CFA
·4 min read
Investing in the stock market is one of the best ways to grow your money and build wealth over time. As businesses grow their earnings, 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 do dramatically better than the market indexes.
Here are the best-performing stocks over the past decade.
Best-performing stocks over the past 10 years
*Data as of February 27, 2024
Source: macrotrends
1. Nvidia (NVDA)
Nvidia is one of the best performing stocks of all-time and has richly rewarded shareholders 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. Revenue at Nvidia grew to $60.9 billion in its 2024 fiscal year, up from $27.0 billion in 2023.
10-year annualized return: 68.0 percent
Market cap: $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.
10-year annualized return: 47.2 percent
Market cap: $283.0 billion
3. Super Micro Computer (SMCI)
Super Micro Computer is a provider of accelerated compute platforms to several markets including enterprise data centers, cloud computing, artificial intelligence, 5G and edge computing. The company had $7.1 billion in revenue during its 2023 fiscal year.
10-year annualized return: 45.1 percent
Market cap: $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 risks of downturns by controlling costs and quickly reacting to market trends.
10-year annualized return: 40.6 percent
Market cap: $2.6 billion
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5. Broadcom (AVGO)
Broadcom designs, develops and supplies semiconductor and infrastructure software solutions. The company acquired VMware in November 2023 for roughly $86.3 billion. Broadcom generated $35.8 billion in revenue in its 2023 fiscal year.
10-year annualized return: 39.9 percent
Market cap: $611.1 billion
6. Fair 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 during its 2023 fiscal year.
10-year annualized return: 37.6 percent
Market cap: $32.0 billion
7. Monolithic Power Systems (MPWR)
Monolithic Power Systems is a company that provides high-performance, semiconductor-based power electronic 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.
10-year annualized return: 36.8 percent
Market cap: $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, sub-contractors, remodelers and consumers. The company has integrated more than 60 acquisitions since 1998 and generated $17.1 billion in revenue in 2023.
10-year annualized return: 36.0 percent
Market cap: $24.0 billion
9. Lam Research (LRCX)
Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Its products help chipmakers build smaller devices that are used in various electronics products. Lam Research generated $17.4 billion in revenue during its 2023 fiscal year.
10-year annualized return: 35.3 percent
Market cap: $123.0 billion
10. Cadence Design Systems (CDNS)
Cadence is a company that provides computational software, special-purpose computational hardware, IP and services to various sectors and customers that design and build semiconductor and electronic systems. The company generated $4.1 billion in revenue in 2023.
10-year annualized return: 35.0 percent
Market cap: $82.3 billion
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.
