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U.S. Tech Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies982
  • 7D2.4%
  • 3M-7.3%
  • 1Y46.7%
  • YTD-6.9%

The Tech industry is up 2.4% in the last week, with Broadcom up 7.9%. This means that the industry has gained 47% over the past year. 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, 08 Apr 2026US$20.9tUS$2.7tUS$554.9b30x37.8x7.8x
Fri, 06 Mar 2026US$21.6tUS$2.7tUS$541.9b30x39.8x8.1x
Sun, 01 Feb 2026US$22.1tUS$2.6tUS$528.4b30.3x41.7x8.4x
Tue, 30 Dec 2025US$22.8tUS$2.6tUS$506.8b30.6x44.9x8.8x
Thu, 27 Nov 2025US$22.2tUS$2.6tUS$494.2b29.1x44.9x8.6x
Sat, 25 Oct 2025US$22.9tUS$2.5tUS$463.2b30.7x49.5x9.2x
Mon, 22 Sep 2025US$22.2tUS$2.5tUS$435.4b31.4x51x9x
Wed, 20 Aug 2025US$21.1tUS$2.4tUS$418.1b27.6x50.6x8.7x
Fri, 18 Jul 2025US$20.3tUS$2.4tUS$393.2b29.5x51.8x8.5x
Sun, 15 Jun 2025US$18.5tUS$2.4tUS$391.0b27.6x47.4x7.8x
Tue, 13 May 2025US$17.0tUS$2.4tUS$383.9b27x44.3x7.2x
Thu, 10 Apr 2025US$13.8tUS$2.3tUS$386.8b25.2x35.8x5.9x
Sat, 08 Mar 2025US$16.7tUS$2.3tUS$383.9b28.2x43.5x7.2x
Mon, 03 Feb 2025US$18.0tUS$2.3tUS$370.9b33.3x48.5x7.9x
Wed, 01 Jan 2025US$18.5tUS$2.3tUS$366.8b31.9x50.4x8.2x
Fri, 29 Nov 2024US$18.0tUS$2.2tUS$361.3b33x49.8x8x
Sun, 27 Oct 2024US$17.8tUS$2.2tUS$378.1b30.3x47x8x
Tue, 24 Sep 2024US$17.0tUS$2.2tUS$375.4b28.8x45.2x7.8x
Thu, 22 Aug 2024US$17.0tUS$2.1tUS$368.0b29.6x46.2x7.9x
Sat, 20 Jul 2024US$16.9tUS$2.1tUS$363.1b30.7x46.6x8x
Mon, 17 Jun 2024US$17.0tUS$2.1tUS$360.7b29.1x47.1x8x
Wed, 15 May 2024US$14.6tUS$2.0tUS$337.3b30.3x43.2x7.2x
Fri, 12 Apr 2024US$14.5tUS$2.0tUS$328.6b28.6x44x7.1x
Sun, 10 Mar 2024US$14.7tUS$2.0tUS$325.0b28.2x45.1x7.2x
Tue, 06 Feb 2024US$14.0tUS$2.0tUS$306.5b25.5x45.7x6.9x
Thu, 04 Jan 2024US$12.9tUS$2.1tUS$292.6b25.6x44.1x6.3x
Sat, 02 Dec 2023US$12.8tUS$2.1tUS$292.4b25.5x43.6x6.2x
Mon, 30 Oct 2023US$11.2tUS$2.0tUS$278.4b22.3x40.1x5.5x
Wed, 27 Sep 2023US$11.3tUS$2.0tUS$273.1b23.8x41.4x5.5x
Fri, 25 Aug 2023US$11.6tUS$2.0tUS$270.5b24.8x43x5.7x
Sun, 23 Jul 2023US$12.2tUS$2.0tUS$258.1b25.5x47.3x6x
Tue, 20 Jun 2023US$11.9tUS$2.0tUS$264.4b24.9x45.2x5.9x
Thu, 18 May 2023US$10.6tUS$2.0tUS$262.0b23.5x40.4x5.2x
Sat, 15 Apr 2023US$10.2tUS$2.0tUS$274.9b22.6x37.2x5x
Price to Earnings Ratio

37.2x


Total Market Cap: US$10.2tTotal Earnings: US$274.9bTotal 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 37.8x 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 Market1.21%
Tech2.44%
Communications7.11%
Electronic Equipment and Components4.43%
Semiconductors3.98%
IT1.01%
Tech Hardware0.92%
Software0.49%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 32.1x.
    • Analysts are expecting annual earnings growth of 22.0%, 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 53.0x.
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 3.1% 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
AVGO BroadcomUS$333.977.9%
+US$115.8b		114.0%PE63.3x
NVDA NVIDIAUS$178.101.3%
+US$57.1b		55.8%PE36x
MU Micron TechnologyUS$377.5811.8%
+US$44.8b		476.1%PE17.7x
INTC IntelUS$52.9119.9%
+US$44.1b		191.8%PS5x
AMD Advanced Micro DevicesUS$221.538.9%
+US$29.5b		183.3%PE84.6x

Latest News

AVGO
US$333.97
Broadcom
7D
7.9%
1Y
114.0%

Broadcom: Riding The Anthropic Boom

Apr 08
NOW
US$100.55
ServiceNow
7D
-3.8%
1Y
-30.9%
ORCL
US$143.17
Oracle
7D
-2.7%
1Y
15.0%
AAPL
US$253.50
Apple
7D
-0.1%
1Y
47.0%

Apple Before Q2: Weaponizing Memory Shortages And The Globalstar Acquisition

Apr 07
STX
US$468.72
Seagate Technology Holdings
7D
19.6%
1Y
604.4%
INTU
US$410.24
Intuit
7D
-3.7%
1Y
-31.2%
ARM
US$143.86
Arm Holdings
7D
-4.9%
1Y
67.6%

Arm Holdings: The CPU Bottleneck Thesis Is Getting Harder To Ignore

Apr 06
SHOP
US$117.06
Shopify
7D
-1.2%
1Y
28.1%

Shopify: Exploit Misinformed AI Selloff For 20% Annual Returns (Upgrade)

Apr 06
WDC
US$311.96
Western Digital
7D
15.3%
1Y
888.8%
MU
US$377.58
Micron Technology
7D
11.8%
1Y
476.1%

Micron: I Was Wrong, This Time Is Indeed Different (Rating Upgrade)

Apr 05
NVDA
US$178.10
NVIDIA
7D
1.3%
1Y
55.8%

NVDA: Trillion Dollar AI Backlog Will Sustain Multi-Year Infrastructure Supercycle

Analysts have nudged NVIDIA's fair value estimate slightly lower to $268.22 while keeping revenue growth and margin assumptions effectively unchanged. They cite a series of higher price targets and upbeat GTC takeaways as support for a still robust AI demand outlook and a modestly lower future P/E of about 28.9x.
INTC
US$52.91
Intel
7D
19.9%
1Y
191.8%

Intel's Turnaround Gains Momentum

Apr 05
QCOM
US$124.07
QUALCOMM
7D
-3.7%
1Y
-0.5%

QCOM: Data Center AI Inference Will Offset Handset Weakness Over Time

Analysts have trimmed their QUALCOMM fair value estimate by about $2 to roughly $155, as a series of price target cuts and downgrades, partly offset by a few upgrades highlighting potential in data center and diversification beyond handsets, feeds into slightly lower revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research on QUALCOMM has turned more mixed, with several firms trimming ratings and price targets while a smaller group highlights potential upside tied to diversification and data center exposure.
CRM
US$182.96
Salesforce
7D
-2.0%
1Y
-25.0%

CRM: Debt-Funded Buybacks And AI Disruption Fears Will Shape Risk Balance

Analysts have reduced their Salesforce price targets, with several cuts of $50 to $100 or more, reflecting softer organic growth expectations, sector-wide multiple compression, and increased scrutiny of how quickly Agentforce-driven demand can translate into faster revenue growth. Analyst Commentary Recent research highlights a split view on Salesforce, with many firms cutting price targets while still acknowledging potential upside from Agentforce and other AI driven products.
MSFT
US$372.29
Microsoft
7D
0.6%
1Y
5.0%

Microsoft Has A Visibility Problem; I'd Rather Wait

Apr 04
AMD
US$221.53
Advanced Micro Devices
7D
8.9%
1Y
183.3%

AMD: Expanded Meta AI Infrastructure Deal Will Support Future Upside

Analysts have raised their average price target for AMD by $5 to $280, citing expanded multi-year GPU deployments with Meta, reinforced confidence in the MI450/Helio roadmap, and a series of recent research updates that emphasize AI accelerator share gains and deepening ecosystem partnerships. Analyst Commentary Recent research on Advanced Micro Devices clusters around the expanded GPU agreement with Meta, the MI450 and Helio roadmap, and growing partnerships in data center and edge inference.