Has the U.S. Semiconductors Industry valuation changed over the past few years?

Investors are pessimistic on the American Semiconductor 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 30.3x which is lower than its 3-year average PE of 54.2x. The industry is trading close to its 3-year average PS ratio of 11.1x.

Which industries have driven the changes within the U.S. Tech industry?

Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 32.3x. Analysts are expecting annual earnings growth of 21.6%, which is lower than the prior year's growth of 25.6% per year. Investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 59.0x.

U.S. Semiconductors Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 02 Jun 2026	US$7.9t	US$747.9b	US$261.7b	66.9x	30.3x	10.6x
Thu, 30 Apr 2026	US$6.0t	US$701.5b	US$214.3b	48.8x	28.1x	8.6x
Sat, 28 Mar 2026	US$8.5t	US$697.5b	US$215.5b	38.2x	39.5x	12.2x
Mon, 23 Feb 2026	US$9.4t	US$647.8b	US$180.1b	43x	52.1x	14.5x
Wed, 21 Jan 2026	US$8.9t	US$640.8b	US$176.4b	42.2x	50.7x	14x
Fri, 19 Dec 2025	US$8.2t	US$640.7b	US$176.4b	36.1x	46.3x	12.8x
Sun, 16 Nov 2025	US$8.8t	US$610.3b	US$153.3b	34.7x	57.2x	14.4x
Tue, 14 Oct 2025	US$8.3t	US$597.4b	US$137.3b	35.5x	60.6x	13.9x
Thu, 11 Sep 2025	US$7.9t	US$593.8b	US$134.6b	33.4x	58.9x	13.3x
Sat, 09 Aug 2025	US$7.9t	US$572.2b	US$118.3b	29.1x	66.4x	13.7x
Mon, 07 Jul 2025	US$7.2t	US$566.4b	US$118.3b	29.8x	60.9x	12.7x
Wed, 04 Jun 2025	US$6.3t	US$561.3b	US$113.9b	25.7x	55.4x	11.2x
Fri, 02 May 2025	US$5.1t	US$539.3b	US$109.4b	20.6x	46.5x	9.4x
Sun, 30 Mar 2025	US$5.1t	US$537.3b	US$108.9b	24.8x	46.6x	9.4x
Tue, 25 Feb 2025	US$6.2t	US$515.3b	US$93.8b	32.2x	66.1x	12x
Thu, 23 Jan 2025	US$6.5t	US$513.6b	US$96.7b	33.2x	67.6x	12.7x
Sat, 21 Dec 2024	US$6.0t	US$513.5b	US$96.7b	29.1x	61.9x	11.7x
Mon, 18 Nov 2024	US$6.1t	US$488.4b	US$83.4b	30.5x	72.8x	12.4x
Wed, 16 Oct 2024	US$6.0t	US$489.1b	US$101.8b	28.5x	59.3x	12.3x
Fri, 13 Sep 2024	US$5.5t	US$485.4b	US$99.5b	27x	55.6x	11.4x
Sun, 11 Aug 2024	US$5.1t	US$467.2b	US$94.7b	26.6x	54x	10.9x
Tue, 09 Jul 2024	US$6.2t	US$467.9b	US$96.6b	31.2x	64.7x	13.4x
Thu, 06 Jun 2024	US$5.6t	US$461.2b	US$95.7b	30x	58.5x	12.1x
Sat, 04 May 2024	US$4.7t	US$446.9b	US$84.0b	27.4x	56.2x	10.6x
Mon, 01 Apr 2024	US$5.0t	US$447.4b	US$81.7b	29.2x	60.6x	11.1x
Wed, 28 Feb 2024	US$4.6t	US$443.5b	US$81.1b	31.1x	56.4x	10.3x
Fri, 26 Jan 2024	US$4.1t	US$431.1b	US$68.4b	28.2x	59.4x	9.4x
Sun, 24 Dec 2023	US$3.6t	US$433.3b	US$69.5b	27.4x	51.5x	8.3x
Tue, 21 Nov 2023	US$3.3t	US$420.6b	US$62.5b	24.5x	52.3x	7.8x
Thu, 19 Oct 2023	US$2.9t	US$427.9b	US$65.8b	24.8x	44.5x	6.8x
Sat, 16 Sep 2023	US$3.1t	US$430.8b	US$68.7b	25.9x	44.8x	7.1x
Mon, 14 Aug 2023	US$2.9t	US$419.7b	US$62.9b	25.1x	45.9x	6.9x
Wed, 12 Jul 2023	US$3.0t	US$429.1b	US$67.3b	23.3x	44.5x	7x
Fri, 09 Jun 2023	US$2.8t	US$434.3b	US$71.9b	23.4x	39.5x	6.5x


US Market	1.58%
Tech	4.73%
Semiconductors	3.74%
Semiconductors	3.82%
Semiconductor Equipment	3.02%

Company	Last Price	7D	1Y	Valuation
NVDA NVIDIA	US$224.36	4.4% +US$230.1b	58.9%	PE34x
AVGO Broadcom	US$459.97	11.1% +US$217.0b	84.9%	PE87.2x
MU Micron Technology	US$1.04k	15.6% +US$157.5b	912.7%	PE48.4x
ARM Arm Holdings	US$408.85	33.4% +US$110.6b	224.3%	PE483.1x
AMD Advanced Micro Devices	US$510.13	9.1% +US$69.5b	345.0%	PE168.7x

Announcement • 1h

Intel Corporation Unveils New AI Innovations Including Rackscale AI Infrastructure, Agentic Cloud Offering, Intel Xeon 6+ Processors, And Series 3 Family Of Processors

Intel Corporation unveiled new innovations that address customers’ chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure: Intel announced rackscale AI infrastructure for customers interested in scaling their inference and agentic workloads based on Intel Xeon processors and SambaNova SN-50 Reconfigurable Dataflow Units (RDUs). Agentic Cloud Offering for Disaggregated Inference: Vector Core Compute, a new purpose-built enterprise inference cloud formed by Vista Equity Partners and Cambium Capital, unveiled fully disaggregated inference running on Intel Xeon processors, SambaNova RDUs, and NVIDIA Blackwell GPUs. Deep industry solutions: Strategic collaborations with industry leaders, including Foxconn, Siemens, Hitachi, Echo Neurotechnologies, and Greenstone Biosciences focused on delivering integrated vertical customer solutions based on Intel processors and purpose-built silicon. Intel Xeon 6+ processors: Next-generation data center CPU built on Intel 18A and designed for high-density, scale-out workloads. PC, gaming handheld, and physical AI momentum: Broad partner support and customer uptake for the Series 3 family of processors. Intel, SambaNova, and Foxconn announced their intent to build rackscale AI infrastructure for data center, hyperscale, and intelligence center deployments—built on Intel Xeon processors. The companies are demonstrating production-ready racks that combine Intel Xeon processors with SambaNova SN-50 RDUs, which together are designed to deliver high performance AI inference with improved cost and power efficiency. As part of the collaboration, Foxconn will provide system integration capabilities for the new rackscale AI infrastructure. Foxconn also plans to manufacture a CPU-dense variant of the rackscale infrastructure for workloads that do not require additional acceleration, including cost-optimized inference, data processing, and hybrid AI. Vector Core Compute, a new purpose-built enterprise inference cloud formed by Vista Equity Partners and Cambium Capital, unveiled fully disaggregated inference. Running onstage at Computex, Intel, SambaNova, Vista Equity Partners and Cambium Capital showcased the first real-world demonstration of a disaggregated inference system, using Intel Xeon 6 processors for orchestration and execution, SambaNova SN40 RDUs for decode, and NVIDIA Blackwell GPUs for prefill—operating from a Vector Core Compute data center in Los Angeles, California. Together.ai is the first commercial customer running workloads on Vector Core Compute’s agentic cloud, which delivered the fastest enterprise inference on the MiniMax 2.5 model of any architecture to date. Vista Equity Partners has secured early access to the company’s high-quality, low-cost inference solutions for its 90+ portfolio companies which serve more than 2,500,000 enterprise customers and 750,000,000 users worldwide. Intel announced several strategic partnerships designed to co-develop industry-specific vertical solutions based on Intel processors and purpose-built silicon, including: Foxconn: The world’s largest electronics manufacturer is working with Intel to provide systems integration capabilities for rackscale AI infrastructure and explore collaboration in design services and custom silicon development. Siemens: The leading technology company focused on industry, infrastructure, transport, and healthcare and Intel have expanded their existing collaboration. In 2023, Siemens and Intel first joined forces; now the two companies are strengthening their collaboration across the entire value chain from design to manufacturing to chips embedded in Siemens products. Siemens brings its capabilities for the design, manufacturing, and lifecycle management of chips, as well as fab digitalization, automation, and electrification. This collaboration will enable the exploration of use cases for purpose-built Intel silicon for Siemens’ varied compute requirements, which may include edge devices, high-performance computing (HPC), and robotics. Hitachi: A global leader in digital innovation and sustainable solutions and Intel intend to work together on a range of solutions including foundry tools and quantum computing. Echo Neurotechnologies: The developer of neuroscience and brain-computer interface solutions and Intel are exploring new neuromorphic technologies to advance neuro-AI, speech neuroscience, brain-computer interfaces, and Intel's future neuromorphic and conventional hardware architectures. Greenstone Biosciences: The Silicon Valley biotech company plans to use Intel processors, purpose-built silicon, and the Intel Health and Life Sciences AI Suite to accelerate human-centric drug development using stem cells, organoids, genomics, and AI. Intel announced the availability of Intel Xeon 6+ processors, which provide greater performance density, power efficiency, and operational scale for cloud-native, agentic AI, and network-intensive workloads. Built on Intel 18A—its first use in a data center CPU—Xeon 6+ is engineered for sustained performance under real-world power constraints—addressing the orchestration, concurrency, and data movement demands of emerging agentic AI. Xeon 6+ can be configured for AI rackscale infrastructure purpose-built for hosting agents at maximum density. For example, a single liquid-cooled rack can deliver 36,864 cores using 32U of compute space, which provides the highest agent density available (at approximately 100-kilowatt rack power compute). Optimized for environments where watts per rack, throughput per core, and latency predictability are critical, Xeon 6+ emphasizes scale-out performance—making room for new AI workloads without requiring disruptive data center redesign. Core Ultra Series 3, built on Intel 18A, continues to experience strong customer uptake for a platform that now powers more than 325 consumer and commercial PC designs. Leveraging the same advanced IP as Ultra, the recently launched Core processors are enabling a new class of thin, sleek, powerful, and efficient PCs at affordable price points. Series 3 also pushes into the growing market of handheld gaming with the new Intel Arc G-series processors, which will be available starting this month. The expansion of the Series 3 processor family is being accelerated by increased 18A yields and strong customer and partner engagement. For the first time, the latest Series 3 IP scaling in the PC ecosystem will deploy in parallel to thousands of edge customers globally. Over 130 customers have already chosen Series 3 to power edge AI and robotics designs.

U.S. Semiconductors Industry Analysis

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