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U.S. Tech Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies980
  • 7D-3.5%
  • 3M-12.7%
  • 1Y25.2%
  • YTD-11.6%

Over the last 7 days, the Tech industry has dropped 3.5%, driven by a pullback from Microsoft of 6.6%. Meanwhile, Arm Holdings actually outperformed within the industry, gaining 8.9% in the last week. In the past year, the industry has gained 25%. 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
Sun, 29 Mar 2026US$19.9tUS$2.7tUS$555.1b29.1x35.9x7.4x
Tue, 24 Feb 2026US$21.6tUS$2.6tUS$520.2b29x41.6x8.2x
Thu, 22 Jan 2026US$21.9tUS$2.6tUS$500.9b31.5x43.7x8.6x
Sat, 20 Dec 2025US$22.1tUS$2.6tUS$506.9b30.9x43.5x8.5x
Mon, 17 Nov 2025US$22.7tUS$2.5tUS$479.7b29.9x47.3x8.9x
Wed, 15 Oct 2025US$22.6tUS$2.5tUS$439.1b31.9x51.4x9x
Fri, 12 Sep 2025US$21.6tUS$2.5tUS$435.4b30.3x49.5x8.8x
Sun, 10 Aug 2025US$21.2tUS$2.4tUS$417.0b28x50.8x8.7x
Tue, 08 Jul 2025US$20.1tUS$2.4tUS$393.2b29.1x51.1x8.4x
Thu, 05 Jun 2025US$18.4tUS$2.4tUS$388.8b27.3x47.3x7.7x
Sat, 03 May 2025US$16.6tUS$2.3tUS$386.4b26.4x43.1x7.1x
Mon, 31 Mar 2025US$15.9tUS$2.3tUS$385.6b26.9x41.3x6.8x
Wed, 26 Feb 2025US$18.1tUS$2.3tUS$369.1b29.8x49.1x7.9x
Fri, 24 Jan 2025US$18.9tUS$2.3tUS$365.7b34.3x51.8x8.4x
Sun, 22 Dec 2024US$18.6tUS$2.3tUS$366.9b31.6x50.6x8.2x
Tue, 19 Nov 2024US$17.7tUS$2.2tUS$351.2b31.9x50.4x7.9x
Thu, 17 Oct 2024US$17.5tUS$2.2tUS$378.1b31.1x46.3x8.1x
Sat, 14 Sep 2024US$16.7tUS$2.2tUS$375.4b28.2x44.4x7.7x
Mon, 12 Aug 2024US$15.7tUS$2.1tUS$369.7b27.3x42.4x7.3x
Wed, 10 Jul 2024US$17.6tUS$2.1tUS$362.9b30.3x48.6x8.3x
Fri, 07 Jun 2024US$15.6tUS$2.1tUS$351.2b29.7x44.5x7.6x
Sun, 05 May 2024US$14.3tUS$2.0tUS$336.2b28.2x42.7x7x
Tue, 02 Apr 2024US$14.8tUS$2.0tUS$328.6b28.1x45x7.2x
Thu, 29 Feb 2024US$14.5tUS$2.0tUS$324.4b27.6x44.6x7.1x
Sat, 27 Jan 2024US$14.2tUS$2.0tUS$295.9b27.2x47.9x6.9x
Mon, 25 Dec 2023US$13.4tUS$2.1tUS$292.5b25.9x45.8x6.5x
Wed, 22 Nov 2023US$12.6tUS$2.0tUS$282.0b24.8x44.9x6.2x
Fri, 20 Oct 2023US$11.6tUS$2.0tUS$269.7b24x42.9x5.7x
Sun, 17 Sep 2023US$11.8tUS$2.0tUS$272.9b23.9x43.2x5.8x
Tue, 15 Aug 2023US$11.8tUS$2.0tUS$262.9b25.1x44.7x5.8x
Thu, 13 Jul 2023US$12.1tUS$2.0tUS$257.8b24.9x46.9x6x
Sat, 10 Jun 2023US$11.5tUS$2.0tUS$264.2b24.4x43.4x5.6x
Mon, 08 May 2023US$10.4tUS$2.0tUS$262.0b22.5x39.5x5.1x
Wed, 05 Apr 2023US$10.3tUS$2.0tUS$275.0b22.8x37.5x5.1x
Price to Earnings Ratio

37.5x


Total Market Cap: US$10.3tTotal Earnings: US$275.0bTotal 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 35.9x 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 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 Market-1.89%
Tech-3.47%
Electronic Equipment and Components1.36%
Communications-0.28%
Tech Hardware-0.33%
Semiconductors-3.21%
IT-4.10%
Software-7.12%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.9x.
    • 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 53.2x.
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 9.5% 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
ARM Arm HoldingsUS$144.138.9%
+US$12.5b		33.7%PE191.1x
AAPL AppleUS$248.800.3%
+US$11.9b		14.2%PE31x
GLW CorningUS$136.819.8%
+US$10.5b		198.3%PE73.6x
DELL Dell TechnologiesUS$171.819.0%
+US$9.1b		86.2%PE18.7x
CSCO Cisco SystemsUS$79.922.9%
+US$9.0b		31.3%PE28.5x

Latest News

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7D
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1Y
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AAPL
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Apple
7D
0.3%
1Y
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Buy now, I don't see this stock going much lower-too many improvements making quiet waves...

Well, folks, my experience is personal, as such my hope is that experience will help you decide if what I did yesterday with Apple (AAPL) is for you as well: Mine was something few believe, robocalls on this iphone, before that the landlines associated with it-but for the last 8 years, I have been the robocall king with over 28,000 calls-it ruined pretty much everything, as imagine if you had a phone, but could rarely use it because there was so much spam, it never allowed an open line-much less clients to call in-it was an impossible scenario, and then, very quietly, Apple just solved this for everyone with an Iphone-call screening. Now, after all of this interference, that problem is somewhat simply solved by Apple, I cannot stress enough how little this is up played so far.
MU
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We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Mar 26
We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings
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ORCL
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Oracle
7D
-6.7%
1Y
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ORCL: AI Data Center Spending And Margins Will Shape Cash Generation

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PLTR
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7D
-5.1%
1Y
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For me, the story behind this company is the following. I read Alex Carpe's book, The Philosopher in the Valley, and I loved how structured and driven he was.