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U.S. Tech Sector Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies961
  • 7D-4.6%
  • 3M7.3%
  • 1Y24.3%
  • YTD24.1%

Over the last 7 days, the Tech industry has dropped 4.3%, driven by a pullback from NVIDIA of 7.1%. In contrast, Micron Technology has gained 6.3%. In the past year, the industry has gained 24%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025US$22.9tUS$2.5tUS$477.6b30.5x47.9x9x
Mon, 06 Oct 2025US$22.7tUS$2.5tUS$439.2b31.7x51.8x9.1x
Wed, 03 Sep 2025US$20.7tUS$2.5tUS$429.3b28.7x48.3x8.5x
Fri, 01 Aug 2025US$20.8tUS$2.4tUS$399.7b28.4x52.1x8.7x
Sun, 29 Jun 2025US$19.6tUS$2.4tUS$393.2b28.4x49.8x8.2x
Tue, 27 May 2025US$17.5tUS$2.4tUS$385.8b26.9x45.5x7.4x
Thu, 24 Apr 2025US$15.2tUS$2.3tUS$386.4b25x39.3x6.5x
Sat, 22 Mar 2025US$16.5tUS$2.3tUS$386.8b27.2x42.7x7.1x
Mon, 17 Feb 2025US$18.9tUS$2.3tUS$369.9b32.4x51x8.2x
Wed, 15 Jan 2025US$17.9tUS$2.3tUS$367.2b32.1x48.7x7.9x
Fri, 13 Dec 2024US$18.8tUS$2.3tUS$362.8b32.6x51.7x8.3x
Sun, 10 Nov 2024US$18.3tUS$2.2tUS$352.6b33.3x51.8x8.2x
Tue, 08 Oct 2024US$17.2tUS$2.2tUS$378.1b29.7x45.6x8x
Thu, 05 Sep 2024US$16.1tUS$2.2tUS$378.4b28.4x42.4x7.4x
Sat, 03 Aug 2024US$16.0tUS$2.1tUS$363.4b29.6x43.9x7.5x
Mon, 01 Jul 2024US$16.9tUS$2.1tUS$362.8b30x46.4x8x
Wed, 29 May 2024US$15.4tUS$2.1tUS$349.9b30.5x43.9x7.5x
Fri, 26 Apr 2024US$13.9tUS$2.0tUS$328.7b28.4x42.4x6.8x
Sun, 24 Mar 2024US$14.9tUS$2.0tUS$328.6b27.8x45.4x7.3x
Tue, 20 Feb 2024US$14.2tUS$2.0tUS$310.2b27.5x45.9x7x
Thu, 18 Jan 2024US$13.4tUS$2.0tUS$292.0b25.4x45.8x6.5x
Sat, 16 Dec 2023US$13.4tUS$2.1tUS$293.6b26.5x45.5x6.5x
Mon, 13 Nov 2023US$12.4tUS$2.0tUS$279.7b23.4x44.2x6.1x
Wed, 11 Oct 2023US$11.9tUS$2.0tUS$269.8b25.1x43.9x5.8x
Fri, 08 Sep 2023US$11.9tUS$2.0tUS$272.8b24x43.8x5.9x
Sun, 06 Aug 2023US$11.9tUS$2.0tUS$262.2b25.6x45.4x5.9x
Tue, 04 Jul 2023US$12.0tUS$2.0tUS$258.1b25.2x46.6x5.9x
Thu, 01 Jun 2023US$11.4tUS$2.0tUS$262.7b23.9x43.5x5.6x
Sat, 29 Apr 2023US$10.3tUS$2.0tUS$265.1b20.9x38.9x5.1x
Mon, 27 Mar 2023US$10.1tUS$2.0tUS$278.4b22.1x36.1x4.9x
Wed, 22 Feb 2023US$10.7tUS$2.3tUS$297.0b23.4x36x4.8x
Fri, 20 Jan 2023US$10.0tUS$2.2tUS$327.5b23.3x30.6x4.5x
Sun, 18 Dec 2022US$10.0tUS$2.3tUS$329.9b21.7x30.2x4.4x
Tue, 15 Nov 2022US$10.3tUS$2.2tUS$333.3b21.9x31x4.6x
Price to Earnings Ratio

31x


Total Market Cap: US$10.3tTotal Earnings: US$333.3bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.1x202320242025
Current Industry PE
  • Investors are optimistic on the American Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.9x which is higher than its 3-year average PE of 44.1x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 9.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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-1.99%
Tech-4.60%
Tech Hardware-0.78%
Electronic Equipment and Components-1.21%
Software-5.19%
IT-5.52%
Semiconductors-5.77%
Communications-7.29%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 50.2x.
    • Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings growth of 3.3% per year.
  • Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 31.4x.
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 3.3% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.9% 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$237.926.3%
+US$15.9b		112.6%PE31.3x
DDOG DatadogUS$191.2417.5%
+US$9.9b		53.7%PE624.7x
SNDK SandiskUS$239.4820.1%
+US$5.9b		n/aPS4.5x
STX Seagate Technology HoldingsUS$279.359.2%
+US$5.0b		166.6%PE34.8x
WDC Western DigitalUS$162.968.5%
+US$4.4b		134.1%PE21.4x

Latest News

SNDK
US$239.48
Sandisk
7D
20.1%
1Y
n/a
MU
US$237.92
Micron Technology
7D
6.3%
1Y
112.6%

Micron Technology, Inc.'s (NASDAQ:MU) 28% Price Boost Is Out Of Tune With Revenues

Nov 07
Micron Technology, Inc.'s (NASDAQ:MU) 28% Price Boost Is Out Of Tune With Revenues
WDC
US$162.96
Western Digital
7D
8.5%
1Y
134.1%

Impressive Earnings May Not Tell The Whole Story For Western Digital (NASDAQ:WDC)

Nov 07
Impressive Earnings May Not Tell The Whole Story For Western Digital (NASDAQ:WDC)
COHR
US$154.51
Coherent
7D
17.1%
1Y
40.4%

What Coherent Corp.'s (NYSE:COHR) 40% Share Price Gain Is Not Telling You

Nov 07
What Coherent Corp.'s (NYSE:COHR) 40% Share Price Gain Is Not Telling You
LRCX
US$159.35
Lam Research
7D
1.2%
1Y
103.8%
DDOG
US$191.24
Datadog
7D
17.5%
1Y
53.7%
LITE
US$240.11
Lumentum Holdings
7D
19.1%
1Y
186.4%
ANET
US$134.65
Arista Networks
7D
-14.6%
1Y
34.5%
MSFT
US$496.82
Microsoft
7D
-4.1%
1Y
17.6%

MSFT: Future Cloud Demand Will Drive Expansion In AI Infrastructure And Partnerships

Analysts have increased their price target for Microsoft by $5.62 to $626.65. They cite continued momentum in cloud growth, strengthened profit margins, and improving revenue growth expectations driven by Azure’s performance and expanded partnerships in artificial intelligence.
AMD
US$233.54
Advanced Micro Devices
7D
-8.8%
1Y
57.9%

AMD: Major AI Partnerships And Execution Will Determine Future Industry Positioning

Analysts have increased their average price target for Advanced Micro Devices by approximately $7 to $246. They cite robust AI-related partnerships, strong quarterly revenue growth, and improving profit margin projections as key factors behind the upward revision.
PLTR
US$177.93
Palantir Technologies
7D
-11.2%
1Y
204.7%
STX
US$279.35
Seagate Technology Holdings
7D
9.2%
1Y
166.6%
AAPL
US$268.47
Apple
7D
-0.7%
1Y
18.3%
AVGO
US$349.43
Broadcom
7D
-5.5%
1Y
90.3%

AVGO: Upcoming AI Chip Production With Key Partner Will Shape Competitive Position

Broadcom's analyst price target has been raised from approximately $387 to $392, as analysts point to significant revenue and profit margin upside following recent AI-focused collaborations with OpenAI and positive supply chain checks. Analyst Commentary Analyst sentiment on Broadcom has grown increasingly favorable following major AI partnerships and a notable ramp in custom chip orders.
ORCL
US$239.26
Oracle
7D
-8.9%
1Y
26.4%

ORCL: Accelerating AI Cloud Demand Will Drive Upside Through Major Multi-Year Contracts

Oracle's analyst price target saw a modest increase, rising by $10 to $360. Analysts pointed to continued strength in AI infrastructure demand and the company’s ability to accelerate earnings growth through fiscal 2028.
NVDA
US$188.15
NVIDIA
7D
-7.1%
1Y
27.4%

NVDA: Expanding AI Demand Will Drive Major Data Center Investments Through 2026

Nvidia's analyst price target has been raised from approximately $218.51 to $225.50. Analysts cite stronger revenue growth expectations and improved profit margins based on increased visibility into future AI infrastructure demand.