Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Tech Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies989
  • 7D-1.1%
  • 3M-2.2%
  • 1Y30.1%
  • YTD-5.4%

The Tech industry is down 1.1% over the last week with Broadcom the worst performer, down 6.2%. Meanwhile, Micron Technology actually outperformed within the industry, gaining 15% in the last week. In the past year, the industry has gained 30%. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

Has the U.S. Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$21.3tUS$2.7tUS$542.8b30.7x39.2x7.9x
Fri, 13 Feb 2026US$22.0tUS$2.6tUS$519.4b29.2x42.3x8.4x
Sun, 11 Jan 2026US$22.6tUS$2.6tUS$507.0b32.4x44.5x8.7x
Tue, 09 Dec 2025US$23.1tUS$2.6tUS$496.4b31.5x46.5x9x
Thu, 06 Nov 2025US$23.3tUS$2.5tUS$481.9b30.9x48.4x9.2x
Sat, 04 Oct 2025US$22.8tUS$2.5tUS$439.1b31.7x51.9x9.1x
Mon, 01 Sep 2025US$20.8tUS$2.5tUS$429.3b29.4x48.5x8.5x
Wed, 30 Jul 2025US$20.8tUS$2.4tUS$393.0b28.2x52.9x8.7x
Fri, 27 Jun 2025US$19.4tUS$2.4tUS$393.3b28.4x49.4x8.1x
Sun, 25 May 2025US$17.5tUS$2.4tUS$385.8b26.9x45.5x7.4x
Tue, 22 Apr 2025US$14.9tUS$2.3tUS$386.6b24.3x38.5x6.4x
Thu, 20 Mar 2025US$16.4tUS$2.3tUS$386.8b27.4x42.5x7.1x
Sat, 15 Feb 2025US$18.8tUS$2.3tUS$370.0b32.4x50.7x8.2x
Mon, 13 Jan 2025US$18.0tUS$2.3tUS$367.4b32.3x49.1x8x
Wed, 11 Dec 2024US$18.7tUS$2.3tUS$363.0b33.1x51.5x8.3x
Fri, 08 Nov 2024US$17.9tUS$2.2tUS$354.3b33.1x50.6x8x
Sun, 06 Oct 2024US$17.2tUS$2.2tUS$378.1b29.7x45.4x7.9x
Tue, 03 Sep 2024US$16.8tUS$2.2tUS$378.3b29.7x44.4x7.8x
Thu, 01 Aug 2024US$16.5tUS$2.1tUS$363.9b31.7x45.4x7.8x
Sat, 29 Jun 2024US$16.9tUS$2.1tUS$362.8b29.7x46.6x8x
Mon, 27 May 2024US$15.4tUS$2.1tUS$349.8b30.5x43.9x7.5x
Wed, 24 Apr 2024US$13.9tUS$2.0tUS$328.3b28x42.4x6.8x
Fri, 22 Mar 2024US$14.7tUS$2.0tUS$325.5b28.3x45.3x7.2x
Sun, 18 Feb 2024US$14.2tUS$2.0tUS$310.2b27.5x45.9x7x
Tue, 16 Jan 2024US$13.4tUS$2.0tUS$292.0b26x46x6.5x
Thu, 14 Dec 2023US$13.1tUS$2.1tUS$293.3b25.4x44.6x6.4x
Sat, 11 Nov 2023US$12.1tUS$2.0tUS$279.7b23.4x43.1x5.9x
Mon, 09 Oct 2023US$11.8tUS$2.0tUS$269.8b24.3x43.6x5.8x
Wed, 06 Sep 2023US$12.3tUS$2.0tUS$272.5b24.1x45.1x6x
Fri, 04 Aug 2023US$12.1tUS$2.0tUS$259.8b24.8x46.4x6x
Sun, 02 Jul 2023US$12.0tUS$2.0tUS$260.0b25x46.3x5.9x
Tue, 30 May 2023US$11.4tUS$2.0tUS$262.6b24.2x43.2x5.6x
Thu, 27 Apr 2023US$10.0tUS$2.0tUS$276.5b20.6x36.3x5.1x
Sat, 25 Mar 2023US$10.1tUS$2.0tUS$278.4b22.1x36.1x4.9x
Price to Earnings Ratio

36.1x


Total Market Cap: US$10.1tTotal Earnings: US$278.4bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 39.2x which is lower than its 3-year average PE of 45.4x.
  • The industry is trading close to its 3-year average PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 9.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech sector?

US Market-0.97%
Tech-1.09%
IT0.60%
Communications0.17%
Software-0.48%
Electronic Equipment and Components-1.37%
Tech Hardware-1.40%
Semiconductors-1.59%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.7x.
    • Analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings growth of 15.7% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 33.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MU Micron TechnologyUS$461.6914.5%
+US$65.9b		353.9%PE43.6x
WDC Western DigitalUS$313.8117.9%
+US$16.1b		607.7%PE27x
ORCL OracleUS$154.693.5%
+US$15.5b		3.5%PE27.5x
SNDK SandiskUS$720.1716.4%
+US$14.9b		1,176.4%PS11.9x
LRCX Lam ResearchUS$226.475.2%
+US$14.0b		192.7%PE45.5x

Latest News

NVDA
US$181.93
NVIDIA
7D
-2.2%
1Y
54.8%
STX
US$421.09
Seagate Technology Holdings
7D
9.6%
1Y
375.1%
ORCL
US$154.69
Oracle
7D
3.5%
1Y
3.5%
WDC
US$313.81
Western Digital
7D
17.9%
1Y
607.7%
AVGO
US$321.31
Broadcom
7D
-6.2%
1Y
70.3%
AAPL
US$254.23
Apple
7D
-2.5%
1Y
19.5%
INTC
US$44.06
Intel
7D
-5.8%
1Y
70.0%

Intel Corp (INTC): The 18A Node Pivot and the "Foundry First" Transformation

Intel (INTC) concluded the March 16, 2026, trading session at $45.74 USD on the NASDAQ, ending the day with a 0.30% gain amid a volatile session that saw an intraday high of $49.17. Since your last update on March 1st, the stock has experienced significant "choppiness" as investors digest the launch of the Core Ultra 200S Plus series and wait for supply constraints to ease.
MU
US$461.69
Micron Technology
7D
14.5%
1Y
353.9%

MU: AI Memory Tightness Will Eventually Meet New Capacity And Cooler Returns

Micron Technology's analyst-derived fair value estimate has shifted from $365.22 to $425.13, reflecting higher Street price targets that are being tied to stronger memory pricing, tighter DRAM and NAND supply, and confidence in high bandwidth and server memory demand over the next few years. Analyst Commentary Bullish and cautious views on Micron are both visible in recent research, giving you a mix of enthusiasm about earnings power and some reminders to watch positioning and expectations.
AMD
US$196.31
Advanced Micro Devices
7D
-3.4%
1Y
89.7%

Open Source Online Order Systems: A Complete Guide

Running a food or beverage delivery business comes with no shortage of decisions. One of the most consequential?
ADBE
US$254.20
Adobe
7D
-7.6%
1Y
-35.0%
MSFT
US$399.41
Microsoft
7D
-1.6%
1Y
4.1%
ANET
US$133.07
Arista Networks
7D
-4.7%
1Y
58.4%
ARM
US$127.31
Arm Holdings
7D
5.6%
1Y
6.3%

ARM: Physical AI And Data Center CPUs Will Drive Future Upside

Analysts have nudged their average price target for Arm higher to $148.09 from $147.83, reflecting slightly faster assumed revenue growth and AI driven CPU demand in data centers, partially tempered by more conservative profit margin and P/E assumptions. Analyst Commentary Recent Street research on Arm shows a split between analysts who see more upside tied to AI CPU demand and those who are tightening assumptions around growth, margins and valuation multiples.
LRCX
US$226.47
Lam Research
7D
5.2%
1Y
192.7%

LRCX: Future DRAM WFE Cycle May Drive Multi Year Upswing

The analyst price target for Lam Research has been raised by $10 to $254, as analysts point to higher wafer fab equipment growth forecasts, strong demand for DRAM memory spending, and broad Street support including Lam's addition to BofA's "US 1 List". Analyst Commentary Recent research is broadly constructive on Lam Research, with a series of higher price targets and fresh initiations pointing to confidence in the company’s position in wafer fab equipment and memory exposure.
PLTR
US$155.08
Palantir Technologies
7D
2.6%
1Y
84.9%

Analysis of Palantir Technologies: Commercial Acceleration and Financial Maturity

Palantir Technologies Inc. has evolved from a specialized government contractor into a broad-market software provider.
SNDK
US$720.17
Sandisk
7D
16.4%
1Y
1,176.4%