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U.S. Tech Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies980
  • 7D6.5%
  • 3M-1.6%
  • 1Y44.3%
  • YTD-1.2%

Broadcom is up 21%, leading the way for the Tech industry, which has gained 6.5%. Meanwhile, Palantir Technologies actually underperformed within the industry, shrinking 11% in the last week. In the last 12 months, the industry was up 44%. 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
Tue, 14 Apr 2026US$21.8tUS$2.7tUS$555.0b31.7x39.3x8.1x
Thu, 12 Mar 2026US$21.6tUS$2.7tUS$542.2b30.1x39.8x8.1x
Sat, 07 Feb 2026US$21.3tUS$2.6tUS$517.1b30.3x41.2x8.1x
Mon, 05 Jan 2026US$22.5tUS$2.6tUS$506.7b31x44.5x8.7x
Wed, 03 Dec 2025US$22.8tUS$2.6tUS$494.2b30.7x46.1x8.9x
Fri, 31 Oct 2025US$24.0tUS$2.5tUS$466.8b29.7x51.4x9.5x
Sun, 28 Sep 2025US$22.2tUS$2.5tUS$437.8b31.3x50.6x9x
Tue, 26 Aug 2025US$20.8tUS$2.4tUS$418.9b28.6x49.8x8.6x
Thu, 24 Jul 2025US$20.3tUS$2.4tUS$393.0b28.5x51.7x8.5x
Sat, 21 Jun 2025US$18.7tUS$2.4tUS$391.4b27.2x47.9x7.9x
Mon, 19 May 2025US$18.1tUS$2.4tUS$385.4b26.8x47.1x7.7x
Wed, 16 Apr 2025US$15.5tUS$2.3tUS$386.7b25x40x6.6x
Fri, 14 Mar 2025US$16.3tUS$2.3tUS$386.5b26.4x42.3x7x
Sun, 09 Feb 2025US$18.2tUS$2.3tUS$372.2b33.2x48.8x7.9x
Tue, 07 Jan 2025US$18.6tUS$2.3tUS$366.9b33.5x50.7x8.2x
Thu, 05 Dec 2024US$18.5tUS$2.2tUS$361.2b34x51.1x8.2x
Sat, 02 Nov 2024US$17.1tUS$2.2tUS$353.3b29.7x48.5x7.7x
Mon, 30 Sep 2024US$17.2tUS$2.2tUS$378.1b29.7x45.4x7.9x
Wed, 28 Aug 2024US$16.9tUS$2.1tUS$367.5b29.5x45.9x7.9x
Fri, 26 Jul 2024US$16.3tUS$2.1tUS$362.1b31.1x45.1x7.7x
Sun, 23 Jun 2024US$16.9tUS$2.1tUS$360.5b30.4x46.8x8x
Tue, 21 May 2024US$14.9tUS$2.0tUS$337.1b30x44.3x7.3x
Thu, 18 Apr 2024US$14.0tUS$2.0tUS$328.5b28.1x42.7x6.9x
Sat, 16 Mar 2024US$14.7tUS$2.0tUS$325.3b27.9x45.3x7.2x
Mon, 12 Feb 2024US$14.6tUS$2.0tUS$308.4b26.8x47.2x7.2x
Wed, 10 Jan 2024US$13.2tUS$2.0tUS$292.7b26.3x45.2x6.5x
Fri, 08 Dec 2023US$12.6tUS$2.1tUS$292.9b25.1x43.1x6.2x
Sun, 05 Nov 2023US$11.8tUS$2.0tUS$279.2b23.1x42.4x5.8x
Tue, 03 Oct 2023US$11.5tUS$2.0tUS$269.9b24.8x42.5x5.6x
Thu, 31 Aug 2023US$12.2tUS$2.0tUS$270.6b24.8x44.9x6x
Sat, 29 Jul 2023US$12.3tUS$2.0tUS$263.2b24.8x46.6x6x
Mon, 26 Jun 2023US$11.7tUS$2.0tUS$264.6b24.1x44.2x5.7x
Wed, 24 May 2023US$10.7tUS$2.0tUS$260.7b23.2x41x5.3x
Fri, 21 Apr 2023US$10.2tUS$2.0tUS$275.1b21.7x37x5x
Price to Earnings Ratio

37x


Total Market Cap: US$10.2tTotal Earnings: US$275.1bTotal 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 39.3x 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 7.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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 Market4.25%
Tech6.48%
Electronic Equipment and Components14.67%
Semiconductors11.39%
Communications7.82%
Tech Hardware3.54%
Software0.52%
IT-2.97%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 32.3x.
    • 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 Software industry, which is trading below its 3-year average of 52.8x.
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 3.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.9% 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
AVGO BroadcomUS$379.7520.8%
+US$309.3b		112.9%PE72x
NVDA NVIDIAUS$189.316.6%
+US$283.5b		71.0%PE38.3x
MSFT MicrosoftUS$384.373.1%
+US$85.3b		-0.9%PE23.9x
AAPL AppleUS$259.202.2%
+US$83.7b		28.2%PE32.3x
INTC IntelUS$65.1823.2%
+US$61.6b		228.4%PS6.2x

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