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

U.S. Tech Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies960
  • 7D-1.1%
  • 3M9.4%
  • 1Y27.1%
  • YTD27.1%

Over the last 7 days, the Tech industry has dropped 1.1%, driven by a pullback from Microsoft of 1.6%. In contrast, Micron Technology has gained 7.9%. This takes the industry's 12 month performance to a gain of 27%. 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
Tue, 11 Nov 2025US$23.2tUS$2.5tUS$478.4b30.1x48.5x9.1x
Thu, 09 Oct 2025US$22.7tUS$2.5tUS$438.2b32.5x51.9x9.2x
Sat, 06 Sep 2025US$20.8tUS$2.5tUS$435.1b29.2x47.9x8.5x
Mon, 04 Aug 2025US$20.3tUS$2.4tUS$413.0b27.6x49.1x8.4x
Wed, 02 Jul 2025US$19.6tUS$2.4tUS$393.2b28.8x49.8x8.2x
Fri, 30 May 2025US$18.0tUS$2.4tUS$389.8b27.3x46.3x7.6x
Sun, 27 Apr 2025US$16.1tUS$2.3tUS$386.0b25.9x41.7x6.9x
Tue, 25 Mar 2025US$16.6tUS$2.3tUS$386.8b27.7x42.9x7.1x
Thu, 20 Feb 2025US$18.9tUS$2.3tUS$369.6b32.1x51x8.2x
Sat, 18 Jan 2025US$18.2tUS$2.3tUS$367.0b33.9x49.6x8x
Mon, 16 Dec 2024US$18.7tUS$2.3tUS$363.6b32.3x51.4x8.3x
Wed, 13 Nov 2024US$18.1tUS$2.2tUS$349.2b33.1x51.9x8.1x
Fri, 11 Oct 2024US$17.6tUS$2.2tUS$378.2b29.9x46.5x8.1x
Sun, 08 Sep 2024US$15.6tUS$2.2tUS$374.5b27.2x41.7x7.2x
Tue, 06 Aug 2024US$15.6tUS$2.1tUS$363.3b28.3x42.9x7.3x
Thu, 04 Jul 2024US$17.4tUS$2.1tUS$362.9b30.8x47.9x8.2x
Sat, 01 Jun 2024US$15.1tUS$2.1tUS$351.1b29.5x43x7.3x
Mon, 29 Apr 2024US$14.2tUS$2.1tUS$335.6b28.4x42.3x6.9x
Wed, 27 Mar 2024US$14.8tUS$2.0tUS$328.2b27.4x45.1x7.3x
Fri, 23 Feb 2024US$13.9tUS$2.0tUS$322.1b28.1x43.1x6.8x
Sun, 21 Jan 2024US$13.9tUS$2.0tUS$292.0b26.5x47.4x6.8x
Tue, 19 Dec 2023US$13.4tUS$2.1tUS$293.6b26.2x45.5x6.5x
Thu, 16 Nov 2023US$12.6tUS$2.0tUS$280.3b24.5x44.8x6.2x
Sat, 14 Oct 2023US$11.7tUS$2.0tUS$270.2b24.8x43.5x5.8x
Mon, 11 Sep 2023US$12.0tUS$2.0tUS$272.9b24.3x43.8x5.9x
Wed, 09 Aug 2023US$11.8tUS$2.0tUS$262.4b25.1x45x5.8x
Fri, 07 Jul 2023US$11.9tUS$2.0tUS$258.1b24.7x46.1x5.9x
Sun, 04 Jun 2023US$11.5tUS$2.0tUS$264.1b24.7x43.7x5.7x
Tue, 02 May 2023US$10.3tUS$2.0tUS$265.3b21.3x38.9x5.1x
Thu, 30 Mar 2023US$10.1tUS$2.0tUS$279.2b22.9x36.3x5x
Sat, 25 Feb 2023US$10.7tUS$2.3tUS$295.9b23.2x36.1x4.7x
Mon, 23 Jan 2023US$10.3tUS$2.2tUS$327.5b23.5x31.5x4.6x
Wed, 21 Dec 2022US$9.8tUS$2.3tUS$330.0b21.7x29.8x4.4x
Fri, 18 Nov 2022US$10.3tUS$2.2tUS$331.4b21.9x31x4.6x
Price to Earnings Ratio

31x


Total Market Cap: US$10.3tTotal Earnings: US$331.4bTotal 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 Market0.088%
Tech-1.06%
Electronic Equipment and Components0.90%
Tech Hardware0.37%
Semiconductors-0.42%
IT-1.50%
Software-2.26%
Communications-6.03%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 50.3x.
    • Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings growth of 3.3% 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 31.4x.
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 3.3% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.9% 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
MU Micron TechnologyUS$253.307.9%
+US$20.9b		133.1%PE33.3x
DDOG DatadogUS$199.7223.2%
+US$13.5b		63.2%PE656x
SNDK SandiskUS$267.9537.7%
+US$10.8b		n/aPS5x
STX Seagate Technology HoldingsUS$293.9917.4%
+US$9.3b		194.6%PE36.7x
NVDA NVIDIAUS$199.050.2%
+US$8.7b		34.2%PE55.9x

Latest News

SNDK
US$267.95
Sandisk
7D
37.7%
1Y
n/a

Analyst Forecasts For Sandisk Corporation (NASDAQ:SNDK) Are Surging Higher

Nov 11
Analyst Forecasts For Sandisk Corporation (NASDAQ:SNDK) Are Surging Higher
STX
US$293.99
Seagate Technology Holdings
7D
17.4%
1Y
194.6%
PLTR
US$193.61
Palantir Technologies
7D
1.5%
1Y
223.5%
NVDA
US$199.05
NVIDIA
7D
0.2%
1Y
34.2%
LRCX
US$166.37
Lam Research
7D
3.2%
1Y
118.4%
MU
US$253.30
Micron Technology
7D
7.9%
1Y
133.1%

Micron Technology, Inc.'s (NASDAQ:MU) 28% Price Boost Is Out Of Tune With Revenues

Nov 07
Micron Technology, Inc.'s (NASDAQ:MU) 28% Price Boost Is Out Of Tune With Revenues
WDC
US$174.22
Western Digital
7D
14.5%
1Y
172.4%

Impressive Earnings May Not Tell The Whole Story For Western Digital (NASDAQ:WDC)

Nov 07
Impressive Earnings May Not Tell The Whole Story For Western Digital (NASDAQ:WDC)
DDOG
US$199.72
Datadog
7D
23.2%
1Y
63.2%
ANET
US$137.26
Arista Networks
7D
-12.9%
1Y
38.2%
ARM
US$154.84
Arm Holdings
7D
-8.2%
1Y
9.1%
DELL
US$142.69
Dell Technologies
7D
-10.9%
1Y
3.0%
MSFT
US$506.00
Microsoft
7D
-1.6%
1Y
19.6%

MSFT: Future Cloud Demand Will Drive Expansion In AI Infrastructure And Partnerships

Analysts have increased their price target for Microsoft by $5.62 to $626.65. They cite continued momentum in cloud growth, strengthened profit margins, and improving revenue growth expectations driven by Azure’s performance and expanded partnerships in artificial intelligence.
AMD
US$243.98
Advanced Micro Devices
7D
-6.0%
1Y
65.6%

AMD: Major AI Partnerships And Execution Will Determine Future Industry Positioning

Analysts have increased their average price target for Advanced Micro Devices by approximately $7 to $246. They cite robust AI-related partnerships, strong quarterly revenue growth, and improving profit margin projections as key factors behind the upward revision.
CRM
US$241.71
Salesforce
7D
-7.5%
1Y
-29.3%

Salesforce Stock: AI-Fueled Growth Is Real — But Can Margins Stay This Strong?

Salesforce (NYSE: CRM) delivered another strong quarter, proving it can grow revenue while expanding profitability—something investors have demanded for years. For Q2 fiscal 2026 (ended July 31, 2025), revenue climbed 10% year-over-year to $10.2 billion , with subscription and support revenue up 11% to $9.7 billion.
AVGO
US$358.39
Broadcom
7D
-1.1%
1Y
100.3%

AVGO: Upcoming AI Chip Production With Key Partner Will Shape Competitive Position

Broadcom's analyst price target has been raised from approximately $387 to $392, as analysts point to significant revenue and profit margin upside following recent AI-focused collaborations with OpenAI and positive supply chain checks. Analyst Commentary Analyst sentiment on Broadcom has grown increasingly favorable following major AI partnerships and a notable ramp in custom chip orders.
ORCL
US$240.83
Oracle
7D
-6.6%
1Y
27.3%

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.