Author Bio Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13 A $1,000 investment in Applied Materials (NASDAQ:AMAT) stock made a decade ago would be worth more than $10,000 today, which seems a tad surprising as the tech company's revenue and earnings didn't grow at particularly eye-popping rates over that period. The company, which supplies key fabrication equipment, services, and software that semiconductor manufacturers use to make their chips, had a 10-year compound annual revenue growth rate of just 6.06%. It brought in $9.55 billion in revenue in its fiscal 2010; that increased to $17.2 billion in its fiscal 2020, which ended Oct. 25. Its non-GAAP net income increased from $1.18 billion to $3.85 billion over the same period, translating to a compound annual growth rate (CAGR) of 12.54%.