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

Investors are optimistic on the American Tech industry, and appear confident in long term growth rates. The industry is trading at a PE ratio of 39.6x which is higher than its 3-year average PE of 33.5x. The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 9.2x.

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

There are no additional sub-industries under this industry.

U.S. Tech Hardware Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 02 Jun 2026	US$5.4t	US$584.7b	US$136.6b	46.5x	39.6x	9.2x
Thu, 30 Apr 2026	US$4.5t	US$557.0b	US$122.9b	30.5x	36.8x	8.1x
Sat, 28 Mar 2026	US$4.1t	US$556.2b	US$122.6b	23.7x	33.4x	7.4x
Mon, 23 Feb 2026	US$4.3t	US$552.9b	US$121.7b	27.4x	35.3x	7.8x
Wed, 21 Jan 2026	US$3.9t	US$514.0b	US$111.8b	29.3x	34.8x	7.6x
Fri, 19 Dec 2025	US$4.2t	US$514.1b	US$111.9b	22.1x	37.8x	8.2x
Sun, 16 Nov 2025	US$4.2t	US$512.7b	US$113.1b	26.5x	37.5x	8.3x
Tue, 14 Oct 2025	US$3.8t	US$504.4b	US$100.3b	28.8x	38.4x	7.6x
Thu, 11 Sep 2025	US$3.5t	US$504.4b	US$100.3b	24.9x	35.3x	7x
Sat, 09 Aug 2025	US$3.4t	US$502.7b	US$100.7b	19.9x	33.9x	6.8x
Mon, 07 Jul 2025	US$3.3t	US$499.8b	US$98.6b	20.4x	33.8x	6.7x
Wed, 04 Jun 2025	US$3.1t	US$499.8b	US$99.9b	17.7x	31.4x	6.3x
Fri, 02 May 2025	US$3.3t	US$494.1b	US$101.1b	13.8x	32.6x	6.7x
Sun, 30 Mar 2025	US$3.4t	US$494.1b	US$101.2b	14.1x	33.4x	6.8x
Tue, 25 Feb 2025	US$3.9t	US$486.7b	US$100.5b	21.8x	38.4x	7.9x
Thu, 23 Jan 2025	US$3.5t	US$473.9b	US$97.2b	24.3x	35.9x	7.4x
Sat, 21 Dec 2024	US$3.9t	US$473.9b	US$97.2b	25.8x	40.1x	8.2x
Mon, 18 Nov 2024	US$3.5t	US$472.5b	US$96.4b	22.1x	36.4x	7.4x
Wed, 16 Oct 2024	US$3.7t	US$466.0b	US$106.7b	20x	34.5x	7.9x
Fri, 13 Sep 2024	US$3.5t	US$466.0b	US$106.7b	21.7x	32.8x	7.5x
Sun, 11 Aug 2024	US$3.4t	US$465.1b	US$106.7b	22.8x	31.9x	7.3x
Tue, 09 Jul 2024	US$3.6t	US$457.1b	US$103.3b	27.2x	35.1x	7.9x
Thu, 06 Jun 2024	US$3.1t	US$456.9b	US$103.3b	28.7x	30.3x	6.8x
Sat, 04 May 2024	US$2.9t	US$456.7b	US$103.3b	25.5x	28.5x	6.5x
Mon, 01 Apr 2024	US$2.8t	US$457.8b	US$102.9b	24.6x	27.3x	6.1x
Wed, 28 Feb 2024	US$2.9t	US$458.8b	US$102.5b	27.9x	28.6x	6.4x
Fri, 26 Jan 2024	US$3.1t	US$454.6b	US$98.4b	28.8x	31.7x	6.9x
Sun, 24 Dec 2023	US$3.1t	US$455.3b	US$98.5b	26.6x	31.6x	6.8x
Tue, 21 Nov 2023	US$3.0t	US$456.1b	US$98.1b	22x	31x	6.7x
Thu, 19 Oct 2023	US$2.8t	US$453.8b	US$95.1b	23.6x	29.9x	6.3x
Sat, 16 Sep 2023	US$2.8t	US$453.9b	US$95.1b	22.4x	29.6x	6.2x
Mon, 14 Aug 2023	US$2.9t	US$454.0b	US$95.2b	25.8x	30.2x	6.3x
Wed, 12 Jul 2023	US$3.1t	US$456.4b	US$95.7b	31.4x	31.9x	6.7x
Fri, 09 Jun 2023	US$2.9t	US$456.4b	US$95.7b	30.1x	30.6x	6.4x


US Market	1.58%
Tech	4.73%
Tech Hardware	2.52%
Tech Hardware Storage and Peripherals	2.52%

Company	Last Price	7D	1Y	Valuation
DELL Dell Technologies	US$465.96	57.9% +US$110.9b	331.1%	PE36x
SNDK Sandisk	US$1.76k	19.1% +US$41.9b	4,618.5%	PE57.9x
STX Seagate Technology Holdings	US$921.26	13.4% +US$26.2b	673.2%	PE87.7x
WDC Western Digital	US$546.20	12.8% +US$21.3b	946.6%	PE29.6x
HPE Hewlett Packard Enterprise	US$47.00	25.1% +US$12.5b	171.0%	PS1.7x

Announcement • 5h

Super Micro Computer, Inc. Introduces Dcbbs Blueprints for Nvidia Vera Rubin Nvl72 and Nvidia Hgx Rubin Nvl8

Super Micro Computer, Inc. introduces Data Center Building Block Solutions (DCBBS) Blueprints based on the NVIDIA Vera Rubin NVL72 and the NVIDIA HGX Rubin NVL8 platforms. The Blueprints are designed for gigawatt-scale AI data center deployment, starting from building blocks of a single 1,152-GPU scalable unit that can be multiplied to virtually any size. Supermicro's DCBBS Blueprints include the design and delivery of an end-to-end total solution with a dedicated team of experts covering the full deployment lifecycle. DCBBS provide the necessary compute, storage, networking, advanced liquid cooling, power distribution, and site infrastructure, accelerating time-to-online for large-scale liquid-cooled AI Factories. The DCBBS Blueprints address the challenges of the practical implementation behind the most advanced AI infrastructure in the world. The NVIDIA Vera Rubin platform vastly improves AI Factory performance density, doubling speeds across multiple computing domains. NVIDIA's latest reference architecture precisely defines what an ideal 1,152-GPU scalable unit should contain — a Supermicro's DCBBS Blueprint defines the steps to achieve deployment success, with a proven track record for deploying the world's largest liquid-cooled AI factories featuring over 100,000 GPUs. Customers planning AI factory buildouts or retrofits start from a fixed constraint: available power. DCBBS Blueprints for NVIDIA Vera Rubin NVL72 features a balanced bill-of-materials for a given power envelope, ranging from 5MW to 1GW, and provides the right ratio of cooling capacity, power delivery, compute nodes, management nodes, high-performance storage nodes, context memory storage platform nodes, and networking to ensure optimal performance due to bottlenecks such as network oversubscription, power capacity limitations, thermal throttling or other encumbrances. The Blueprints cover the full end-to-end sequence that Supermicro has successfully used to complete large-scale AI projects at record-breaking speeds. On-site facility surveys are conducted by the Supermicro dedicated team to analyze the physical site against the deployment requirements. Surveys include assessment of loading dock access, data hall measurements and clearances, floor plan, floor load ratings, and more. The site is assessed for existing prospective power and cooling infrastructure to accurately inform Supermicro's design proposal, tailored to each customer project. Project design and proposals include all critical details into a specific buildout plan customized to the customer's requirements and facility constraints. Supermicro defines the right combination of DCBBS components, including the cooling solution (in-row CDUs up to 1.8MW for fully direct liquid-cooled compatible facilities, liquid-to-air sidecars for facilities without facility water infrastructure, in-rack CDU options based on a 52U rack configuration are currently in development, and rear-door heat exchanger options are available as a supplementary option for environments with higher ambient temperatures). Customers receive a complete proposal with a transparent bill of materials and a clear deployment timeline. Solution Integration with Full On-Site Service: Supermicro's solution integration process starts well before on-site delivery, with much of the heavy-lifting happening in Supermicro's US-based manufacturing facilities. This includes the processes of racking, stacking, and cabling within each rack. Supermicro verifies functionality with a testing process that exceeds industry standards, extending to system-level (L10) and cluster-level (L11) multi-node tests. The Supermicro dedicated team manages the logistics of site-level components such as CDUs, cooling towers, and power infrastructure, including coordination with any third-party vendors of the customer's choice, if applicable. Integration delivery service and on-site integration include rack placement, power and cooling connections, network cabling, system commissioning, software stack installation, and on-site solution validation. Support, Services, and Software provide a range of continued on-site options for long-term success, including on-site response times as fast as 4 hours for mission-critical uptime requirements. Integration with Supermicro's software suite of infrastructure management tools are available, including Supermicro's SuperCloud Composer® and SuperCloud Director for unified infrastructure control ranging from bare-metal management to multi-tenant workload orchestration, and NVIDIA's full AI software stack including NVIDIA AI Enterprise and NVIDIA Run:ai. Asset tracking features ensure physical asset information and sensor data for every CDU, and other components, are readily available. The scalable units at the heart of the Supermicro DCBBS Blueprints provide 1,152 NVIDIA Rubin GPUs with 331TB of HBM4 GPU memory. The Vera Rubin generation doubles GPU memory bandwidth, GPU-to-GPU NVLink bandwidth, and per-GPU networking bandwidth compared to NVIDIA Blackwell, providing the architectural foundation for training and inference of frontier AI models with multiple trillions of parameters. Advanced Direct Liquid Cooling technology stack (DLC-2), including 5MW cooling towers, 4x in-row cooling distribution units (up to 1.8MW each), 16x vertically mounted cooling distribution manifolds, and 576 direct-to-chip copper cold plates (1 per every host processor module). Featuring Supermicro SMC PG25-A coolant engineered to deliver exceptional chemical and thermal stability. Liquid-to-air options will be available to support Vera Rubin NVL72 deployment in facilities without liquid cooling infrastructure, including a 200kW option supporting one rack and a 500kW option supporting two racks. Power Distribution Infrastructure from medium-voltage transformers through low-voltage distribution, rack-level power shelves, and battery backup units (BBUs). Each Vera Rubin NVL72 rack includes four 110 kW power shelves with redundant 18.3 kW power supply units. The DCBBS portfolio supports mission-critical data centers, with options including Supermicro's Battery Energy Storage System (BESS) providing instant-switching backup power. 48U and 52U rack enclosure options optimized for high-density direct liquid cooling. 16x compute racks optimized for the NVIDIA Vera Rubin NVL72 and NVIDIA HGX Rubin NVL8 platforms. 6x networking racks (4x compute, 2x converged) support NVIDIA Spectrum-X Ethernet or NVIDIA Quantum-X800 InfiniBand up to 1.6TB/s for the compute fabric.

U.S. Tech Hardware Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Super Micro Computer, Inc. Introduces Dcbbs Blueprints for Nvidia Vera Rubin Nvl72 and Nvidia Hgx Rubin Nvl8

Hewlett Packard Enterprise Company Declares Regular Cash Dividend, Payable on or About July 15, 2026

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Fourth quarter dividend of US$0.52 announced

Investor sentiment improves as stock rises 19%

Dell Technologies Rises on Surging AI Server Demand and Guidance Boost to US$169 Billion

Apple: We Don't Need No Engineering, We Don't Need No Fold-A-Phone

Western Digital Posts Record Margins and Dividend Growth as AI Storage Demand Accelerates

First quarter 2027 earnings: EPS and revenues exceed analyst expectations

Seagate: Micron And SK Hynix Gave The Greenlight To Buy More

Consensus revenue estimates fall by 34%

Independent Chair recently bought US$190k worth of stock

CFO & Senior VP exercised options and sold US$233k worth of stock

Foxx Development Holdings Inc. announced delayed 10-Q filing

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