Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Tech Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies964
  • 7D-0.4%
  • 3M7.3%
  • 1Y27.7%
  • YTD23.5%

In the last week, the Tech industry is flat overall, with Oracle standing out by going down 6.9%. As for the the longer term, the industry is up 28% over the past 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025US$23.2tUS$2.5tUS$478.4b29.7x48.5x9.1x
Tue, 14 Oct 2025US$22.2tUS$2.5tUS$439.1b31.7x50.5x8.9x
Thu, 11 Sep 2025US$21.1tUS$2.5tUS$434.9b29.1x48.6x8.6x
Sat, 09 Aug 2025US$21.0tUS$2.4tUS$416.3b28x50.5x8.7x
Mon, 07 Jul 2025US$20.1tUS$2.4tUS$393.2b29.4x51.1x8.4x
Wed, 04 Jun 2025US$18.2tUS$2.4tUS$390.3b27x46.7x7.7x
Fri, 02 May 2025US$16.2tUS$2.3tUS$390.6b25.3x41.4x6.9x
Sun, 30 Mar 2025US$15.9tUS$2.3tUS$385.6b26.8x41.3x6.8x
Tue, 25 Feb 2025US$18.4tUS$2.3tUS$369.5b29.9x49.8x8x
Thu, 23 Jan 2025US$18.5tUS$2.3tUS$366.9b35x50.3x8.2x
Sat, 21 Dec 2024US$18.3tUS$2.3tUS$366.9b31.6x49.8x8.1x
Mon, 18 Nov 2024US$17.7tUS$2.2tUS$351.2b31.6x50.4x7.9x
Wed, 16 Oct 2024US$17.6tUS$2.2tUS$378.2b30.2x46.4x8.1x
Fri, 13 Sep 2024US$16.6tUS$2.2tUS$375.1b28.1x44.1x7.7x
Sun, 11 Aug 2024US$15.7tUS$2.1tUS$369.8b27.3x42.4x7.3x
Tue, 09 Jul 2024US$17.6tUS$2.1tUS$362.9b30.7x48.4x8.3x
Thu, 06 Jun 2024US$15.3tUS$2.1tUS$351.2b29.9x43.5x7.4x
Sat, 04 May 2024US$14.3tUS$2.0tUS$336.2b28.2x42.4x7x
Mon, 01 Apr 2024US$14.8tUS$2.0tUS$328.6b28.2x44.9x7.2x
Wed, 28 Feb 2024US$14.5tUS$2.0tUS$324.1b28x44.6x7.1x
Fri, 26 Jan 2024US$14.2tUS$2.0tUS$292.7b26.6x48.4x6.9x
Sun, 24 Dec 2023US$13.4tUS$2.1tUS$292.5b25.9x45.8x6.5x
Tue, 21 Nov 2023US$12.6tUS$2.0tUS$282.0b24.5x44.8x6.2x
Thu, 19 Oct 2023US$11.6tUS$2.0tUS$270.2b24.5x43.1x5.7x
Sat, 16 Sep 2023US$11.9tUS$2.0tUS$272.6b24.3x43.8x5.8x
Mon, 14 Aug 2023US$11.6tUS$2.0tUS$263.4b24.7x43.9x5.7x
Wed, 12 Jul 2023US$11.9tUS$2.0tUS$257.8b25.1x46.3x5.9x
Fri, 09 Jun 2023US$11.4tUS$2.0tUS$264.2b24.5x43.2x5.6x
Sun, 07 May 2023US$10.4tUS$2.0tUS$262.0b22.5x39.5x5.1x
Tue, 04 Apr 2023US$10.4tUS$2.0tUS$275.0b23.1x37.8x5.1x
Thu, 02 Mar 2023US$10.6tUS$2.3tUS$296.3b22.6x35.9x4.7x
Sat, 28 Jan 2023US$10.7tUS$2.2tUS$321.9b24.4x33.4x4.8x
Mon, 26 Dec 2022US$9.7tUS$2.2tUS$327.5b21.8x29.8x4.3x
Wed, 23 Nov 2022US$10.4tUS$2.2tUS$332.6b22.2x31.2x4.6x
Price to Earnings Ratio

31.2x


Total Market Cap: US$10.4tTotal Earnings: US$332.6bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.2x202320242025
Current Industry PE
  • Investors are optimistic on the American Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.5x which is higher than its 3-year average PE of 44.2x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 9.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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-0.42%
Tech-0.37%
Communications2.29%
Tech Hardware1.15%
Semiconductors-0.41%
Software-0.59%
IT-3.82%
Electronic Equipment and Components-3.93%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 50.4x.
    • Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings decline of 0.5% per year.
  • Investors are most pessimistic about the Tech Hardware industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 31.5x.
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 decline of 0.5% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.8% 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
MSFT MicrosoftUS$510.182.7%
+US$99.3b		22.9%PE36.1x
AAPL AppleUS$272.411.5%
+US$58.2b		21.1%PE35.9x
NVDA NVIDIAUS$190.171.1%
+US$49.1b		33.9%PE53.4x
CSCO Cisco SystemsUS$78.009.8%
+US$27.3b		35.7%PE29.8x
AMD Advanced Micro DevicesUS$246.815.7%
+US$21.6b		83.0%PE128.3x

Latest News

AAPL
US$272.41
Apple
7D
1.5%
1Y
21.1%
MSTR
US$199.75
Strategy
7D
-17.4%
1Y
-41.4%
APP
US$557.70
AppLovin
7D
-10.0%
1Y
91.6%
MU
US$246.83
Micron Technology
7D
3.7%
1Y
156.2%
CRWV
US$77.36
CoreWeave
7D
-25.6%
1Y
n/a
INTU
US$662.41
Intuit
7D
2.1%
1Y
-3.7%
CRM
US$243.66
Salesforce
7D
1.6%
1Y
-25.1%
CSCO
US$78.00
Cisco Systems
7D
9.8%
1Y
35.7%
ARM
US$139.77
Arm Holdings
7D
-8.3%
1Y
8.6%

ARM: Future AI Momentum Will Drive Licensing and Royalty Expansion

Analysts have raised their fair value estimate for Arm Holdings from $157.52 to $166.72 per share, citing ongoing momentum in licensing, royalties, and strong gains from artificial intelligence projects. Analyst Commentary Recent updates from street research highlight a notable shift in sentiment among bullish analysts regarding Arm Holdings' performance and outlook.
MSFT
US$510.18
Microsoft
7D
2.7%
1Y
22.9%
AMD
US$246.81
Advanced Micro Devices
7D
5.7%
1Y
83.0%
AVGO
US$342.46
Broadcom
7D
-2.0%
1Y
107.8%
INTC
US$35.52
Intel
7D
-6.8%
1Y
45.9%
NVDA
US$190.17
NVIDIA
7D
1.1%
1Y
33.9%
LRCX
US$148.26
Lam Research
7D
-7.0%
1Y
111.6%
ORCL
US$222.85
Oracle
7D
-6.9%
1Y
21.3%

ORCL: Accelerating AI Cloud Demand Will Drive Upside Through Major Multi-Year Contracts

Oracle's analyst price target saw a modest increase, rising by $10 to $360. Analysts pointed to continued strength in AI infrastructure demand and the company’s ability to accelerate earnings growth through fiscal 2028.