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U.S. Tech Sector Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies989
  • 7D1.2%
  • 3M-0.01%
  • 1Y17.5%
  • YTD-4.1%

The Tech industry is up 1.2% in the last week, with NVIDIA up 3.8%. In the same time, Oracle was down 7.5%. This means that the industry has gained 18% over the past year. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026US$21.6tUS$2.6tUS$520.2b29.5x41.5x8.2x
Mon, 19 Jan 2026US$22.4tUS$2.6tUS$500.6b31.7x44.7x8.8x
Wed, 17 Dec 2025US$22.2tUS$2.6tUS$503.6b30.5x44x8.6x
Fri, 14 Nov 2025US$23.2tUS$2.5tUS$478.4b29.7x48.5x9.1x
Sun, 12 Oct 2025US$22.2tUS$2.5tUS$439.1b30.5x50.5x8.9x
Tue, 09 Sep 2025US$20.9tUS$2.5tUS$435.1b29.1x47.9x8.5x
Thu, 07 Aug 2025US$20.7tUS$2.4tUS$413.9b27.4x50x8.6x
Sat, 05 Jul 2025US$20.1tUS$2.4tUS$393.2b29.4x51.1x8.4x
Mon, 02 Jun 2025US$17.9tUS$2.4tUS$390.3b27x46x7.6x
Wed, 30 Apr 2025US$16.1tUS$2.3tUS$385.4b25.4x41.7x6.9x
Fri, 28 Mar 2025US$16.5tUS$2.3tUS$385.4b27.2x42.8x7.1x
Sun, 23 Feb 2025US$18.4tUS$2.3tUS$369.5b30.2x49.8x8x
Tue, 21 Jan 2025US$18.4tUS$2.3tUS$367.0b33.9x50x8.1x
Thu, 19 Dec 2024US$18.9tUS$2.3tUS$363.6b32.2x51.9x8.4x
Sat, 16 Nov 2024US$18.2tUS$2.2tUS$351.3b32.1x51.7x8.1x
Mon, 14 Oct 2024US$17.6tUS$2.2tUS$378.2b30.4x46.6x8.1x
Wed, 11 Sep 2024US$15.8tUS$2.2tUS$375.1b27.5x42.2x7.3x
Fri, 09 Aug 2024US$15.1tUS$2.1tUS$370.2b28.3x40.7x7x
Sun, 07 Jul 2024US$17.5tUS$2.1tUS$362.9b30.4x48.2x8.3x
Tue, 04 Jun 2024US$15.1tUS$2.1tUS$351.1b29.5x43x7.3x
Thu, 02 May 2024US$13.8tUS$2.0tUS$335.4b27.9x41.3x6.8x
Sat, 30 Mar 2024US$14.8tUS$2.0tUS$328.0b28.3x45x7.2x
Mon, 26 Feb 2024US$14.4tUS$2.0tUS$322.4b27.5x44.8x7.1x
Wed, 24 Jan 2024US$14.0tUS$2.0tUS$292.1b26.6x48.1x6.8x
Fri, 22 Dec 2023US$13.2tUS$2.1tUS$292.5b26.4x45.2x6.4x
Sun, 19 Nov 2023US$12.6tUS$2.0tUS$281.5b24.5x44.7x6.2x
Tue, 17 Oct 2023US$11.9tUS$2.0tUS$270.2b24.8x43.9x5.8x
Thu, 14 Sep 2023US$11.9tUS$2.0tUS$273.3b23.8x43.6x5.8x
Sat, 12 Aug 2023US$11.6tUS$2.0tUS$263.3b25.2x43.9x5.7x
Mon, 10 Jul 2023US$11.9tUS$2.0tUS$258.1b24.5x46x5.9x
Wed, 07 Jun 2023US$11.5tUS$2.0tUS$264.1b24.4x43.5x5.7x
Fri, 05 May 2023US$10.1tUS$2.0tUS$261.3b21.3x38.7x5x
Sun, 02 Apr 2023US$10.4tUS$2.0tUS$275.0b23.4x37.9x5.1x
Tue, 28 Feb 2023US$10.7tUS$2.3tUS$296.0b23.1x36.2x4.8x
Price to Earnings Ratio

36.2x


Total Market Cap: US$10.7tTotal Earnings: US$296.0bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.3x202420252026
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 41.5x which is lower than its 3-year average PE of 45.3x.
  • The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market0.99%
Tech1.19%
Tech Hardware3.08%
Electronic Equipment and Components3.04%
Semiconductors2.54%
Communications1.67%
Software-2.04%
IT-2.20%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 53.2x.
    • Analysts are expecting annual earnings growth of 24.3%, which is higher than its past year's earnings growth of 5.6% per year.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 54.1x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 5.6% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.7% 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
NVDA NVIDIAUS$189.823.8%
+US$170.3b		41.2%PE46.5x
AAPL AppleUS$264.583.4%
+US$129.2b		7.7%PE33x
AVGO BroadcomUS$332.652.3%
+US$35.5b		52.1%PE68.2x
MU Micron TechnologyUS$428.174.0%
+US$18.6b		333.2%PE40.5x
SHOP ShopifyUS$126.2012.0%
+US$17.6b		9.2%PE133.7x

Latest News

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Microsoft
7D
-1.0%
1Y
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ANET
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1Y
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CRWD
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CrowdStrike Holdings
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1Y
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NET
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Cloudflare
7D
-9.6%
1Y
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AMD
US$200.15
Advanced Micro Devices
7D
-3.5%
1Y
80.6%

AMD: AI Accelerator And Server Demand Will Support Long-Term Earnings Power

Analysts have trimmed their consolidated AMD price target by about $5 to reflect slightly more cautious revenue growth assumptions and a lower future P/E, while acknowledging stronger profit margin expectations supported by recent research highlighting AI accelerator demand, server CPU sell through into 2026, and ongoing debate around competitive risks. Analyst Commentary Recent research on Advanced Micro Devices points to a split tape in sentiment, but with a clear group of bullish analysts leaning into AI, server demand, and competitive positioning as key supports for valuation and growth expectations.
LRCX
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Lam Research
7D
4.0%
1Y
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AAPL
US$264.58
Apple
7D
3.4%
1Y
7.7%

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SHOP
US$126.20
Shopify
7D
12.0%
1Y
9.2%

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INTC
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Intel
7D
-5.7%
1Y
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TXN
US$219.73
Texas Instruments
7D
-2.8%
1Y
8.8%

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ORCL
US$148.08
Oracle
7D
-7.5%
1Y
-11.8%
PLTR
US$135.24
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7D
2.9%
1Y
33.4%
NVDA
US$189.82
NVIDIA
7D
3.8%
1Y
41.2%

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