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U.S. Tech Sector Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies980
  • 7D4.0%
  • 3M-4.1%
  • 1Y37.4%
  • YTD-4.7%

Over the last 7 days, the Tech industry has risen 2.4%, driven by gains in Broadcom and NVIDIA of 12% and 3.6%, respectively. This means that the industry has gained 47% 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
Thu, 09 Apr 2026US$21.1tUS$2.7tUS$554.9b31x38.1x7.8x
Sat, 07 Mar 2026US$21.4tUS$2.7tUS$542.3b29.3x39.4x8x
Mon, 02 Feb 2026US$22.1tUS$2.6tUS$528.4b30.3x41.7x8.4x
Wed, 31 Dec 2025US$22.7tUS$2.6tUS$506.8b31.1x44.8x8.8x
Fri, 28 Nov 2025US$22.5tUS$2.6tUS$494.1b29.4x45.4x8.7x
Sun, 26 Oct 2025US$23.3tUS$2.5tUS$463.2b30.7x50.2x9.3x
Tue, 23 Sep 2025US$22.4tUS$2.5tUS$435.4b31.9x51.4x9.1x
Thu, 21 Aug 2025US$20.7tUS$2.4tUS$417.9b27.3x49.5x8.5x
Sat, 19 Jul 2025US$20.5tUS$2.4tUS$392.6b29.1x52.3x8.6x
Mon, 16 Jun 2025US$18.5tUS$2.4tUS$391.0b27.6x47.4x7.8x
Wed, 14 May 2025US$17.6tUS$2.4tUS$383.9b27.3x45.8x7.5x
Fri, 11 Apr 2025US$15.8tUS$2.3tUS$386.8b24.1x40.8x6.8x
Sun, 09 Mar 2025US$16.9tUS$2.3tUS$384.4b28.1x44x7.3x
Tue, 04 Feb 2025US$18.0tUS$2.3tUS$370.8b32.9x48.5x7.9x
Thu, 02 Jan 2025US$18.3tUS$2.3tUS$366.8b31.9x49.8x8.1x
Sat, 30 Nov 2024US$18.2tUS$2.2tUS$361.4b32.9x50.3x8.1x
Mon, 28 Oct 2024US$17.8tUS$2.2tUS$378.1b30.3x47x8x
Wed, 25 Sep 2024US$17.0tUS$2.2tUS$375.4b29x45.2x7.8x
Fri, 23 Aug 2024US$16.9tUS$2.1tUS$367.6b29x46x7.9x
Sun, 21 Jul 2024US$16.7tUS$2.1tUS$363.1b30.7x46x7.9x
Tue, 18 Jun 2024US$17.0tUS$2.1tUS$360.7b29.5x47x8x
Thu, 16 May 2024US$14.7tUS$2.0tUS$337.3b30.9x43.7x7.2x
Sat, 13 Apr 2024US$14.8tUS$2.0tUS$328.5b28x45.1x7.2x
Mon, 11 Mar 2024US$14.7tUS$2.0tUS$325.0b28.2x45.1x7.2x
Wed, 07 Feb 2024US$14.0tUS$2.0tUS$306.7b25.8x45.5x6.9x
Fri, 05 Jan 2024US$12.8tUS$2.1tUS$292.6b25.9x43.8x6.2x
Sun, 03 Dec 2023US$12.8tUS$2.1tUS$292.3b25.4x43.8x6.2x
Tue, 31 Oct 2023US$11.3tUS$2.0tUS$278.1b22.6x40.5x5.5x
Thu, 28 Sep 2023US$11.3tUS$2.0tUS$273.1b24.1x41.5x5.6x
Sat, 26 Aug 2023US$11.7tUS$2.0tUS$270.6b24.4x43.3x5.8x
Mon, 24 Jul 2023US$12.2tUS$2.0tUS$258.1b25.4x47.3x6x
Wed, 21 Jun 2023US$11.9tUS$2.0tUS$264.4b24.9x45x5.8x
Fri, 19 May 2023US$10.8tUS$2.0tUS$262.2b23.5x41.3x5.3x
Sun, 16 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 Market2.97%
Tech3.98%
Communications10.93%
Electronic Equipment and Components8.63%
Semiconductors6.42%
Tech Hardware2.22%
IT0.58%
Software0.40%
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$350.6311.8%
+US$175.8b		89.4%PE66.5x
NVDA NVIDIAUS$182.082.6%
+US$113.9b		69.3%PE36.8x
INTC IntelUS$58.9522.7%
+US$54.8b		173.8%PS5.6x
AAPL AppleUS$258.901.3%
+US$48.0b		30.2%PE32.3x
MU Micron TechnologyUS$406.7311.1%
+US$45.7b		480.6%PE19x

Latest News

INTC
US$58.95
Intel
7D
22.7%
1Y
173.8%
AAPL
US$258.90
Apple
7D
1.3%
1Y
30.2%
MSFT
US$374.33
Microsoft
7D
1.3%
1Y
-4.1%
AMD
US$231.82
Advanced Micro Devices
7D
10.3%
1Y
139.4%
AVGO
US$350.63
Broadcom
7D
11.8%
1Y
89.4%
NOW
US$97.47
ServiceNow
7D
-6.3%
1Y
-41.0%
ORCL
US$143.66
Oracle
7D
-1.1%
1Y
2.8%
NVDA
US$182.08
NVIDIA
7D
2.6%
1Y
69.3%

NVIDIA will see a profit margin surge of 55% in the next 5 years

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WDAY
US$119.17
Workday
7D
-7.7%
1Y
-48.5%
INTU
US$389.51
Intuit
7D
-8.5%
1Y
-34.7%
ARM
US$148.91
Arm Holdings
7D
-4.0%
1Y
39.7%

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Apr 06
PLTR
US$140.76
Palantir Technologies
7D
-3.9%
1Y
53.0%

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Apr 06
MU
US$406.73
Micron Technology
7D
11.1%
1Y
480.6%

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Apr 05
CRM
US$176.37
Salesforce
7D
-5.3%
1Y
-33.5%

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.
ACN
US$193.84
Accenture
7D
-1.6%
1Y
-35.4%
LRCX
US$246.49
Lam Research
7D
11.0%
1Y
246.6%

LRCX: Future DRAM Spending And WFE Cycle Will Support Multi Year Upswing

Analysts have lifted their price target on Lam Research by $5 to $255, citing a more supportive outlook for wafer fab equipment spending, stronger expectations for DRAM-driven demand, and Lam's inclusion in preferred idea lists as key reasons for the change. Analyst Commentary Recent research points to a broadly constructive stance on Lam Research, with a series of higher price targets and fresh buy calls highlighting confidence in the company’s positioning within wafer fab equipment and memory exposure.