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U.S. Tech Sector Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies988
  • 7D-0.7%
  • 3M-6.6%
  • 1Y26.6%
  • YTD-7.0%

Over the last 7 days, the Tech industry has remained flat, although notably Micron Technology gained 15%. As for the the longer term, the industry is up 31% 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
Sat, 14 Mar 2026US$21.2tUS$2.7tUS$542.7b30x39.1x7.9x
Mon, 09 Feb 2026US$21.7tUS$2.6tUS$517.1b30.3x42.1x8.3x
Wed, 07 Jan 2026US$22.5tUS$2.6tUS$506.8b32.1x44.5x8.7x
Fri, 05 Dec 2025US$22.8tUS$2.6tUS$497.5b30.8x45.8x8.9x
Sun, 02 Nov 2025US$23.9tUS$2.5tUS$481.9b30.2x49.6x9.4x
Tue, 30 Sep 2025US$22.2tUS$2.5tUS$437.8b30.9x50.8x9x
Thu, 28 Aug 2025US$21.0tUS$2.4tUS$419.1b29.3x50x8.6x
Sat, 26 Jul 2025US$20.6tUS$2.4tUS$392.9b28.3x52.3x8.6x
Mon, 23 Jun 2025US$18.7tUS$2.4tUS$391.7b27.2x47.8x7.8x
Wed, 21 May 2025US$18.1tUS$2.4tUS$385.2b26.7x47x7.7x
Fri, 18 Apr 2025US$14.9tUS$2.3tUS$386.6b24.6x38.6x6.4x
Sun, 16 Mar 2025US$16.6tUS$2.3tUS$386.2b26.5x42.9x7.1x
Tue, 11 Feb 2025US$18.2tUS$2.3tUS$372.0b33.2x48.8x7.9x
Thu, 09 Jan 2025US$18.4tUS$2.3tUS$366.9b33.1x50.2x8.2x
Sat, 07 Dec 2024US$18.8tUS$2.3tUS$362.4b33.4x51.9x8.4x
Mon, 04 Nov 2024US$17.2tUS$2.2tUS$353.4b29.7x48.8x7.7x
Wed, 02 Oct 2024US$17.3tUS$2.2tUS$378.1b29.4x45.6x8x
Fri, 30 Aug 2024US$16.7tUS$2.2tUS$378.3b29.2x44.2x7.7x
Sun, 28 Jul 2024US$16.3tUS$2.1tUS$361.7b31.6x45.2x7.7x
Tue, 25 Jun 2024US$16.9tUS$2.1tUS$360.6b29.8x46.8x8x
Thu, 23 May 2024US$15.2tUS$2.0tUS$337.3b29.6x44.9x7.4x
Sat, 20 Apr 2024US$13.9tUS$2.0tUS$328.5b27.8x42.3x6.8x
Mon, 18 Mar 2024US$14.5tUS$2.0tUS$325.3b27.9x44.7x7.1x
Wed, 14 Feb 2024US$14.2tUS$2.0tUS$309.8b27x45.8x7x
Fri, 12 Jan 2024US$13.4tUS$2.0tUS$292.0b26.1x45.7x6.5x
Sun, 10 Dec 2023US$12.9tUS$2.1tUS$293.2b25x44x6.3x
Tue, 07 Nov 2023US$11.8tUS$2.0tUS$279.2b22.8x42.4x5.8x
Thu, 05 Oct 2023US$11.6tUS$2.0tUS$269.9b24.7x43x5.7x
Sat, 02 Sep 2023US$12.3tUS$2.0tUS$272.5b24.7x45x6x
Mon, 31 Jul 2023US$12.4tUS$2.0tUS$263.2b24.8x47.1x6.1x
Wed, 28 Jun 2023US$11.8tUS$2.0tUS$264.5b24.1x44.7x5.8x
Fri, 26 May 2023US$10.6tUS$2.0tUS$261.2b23x40.7x5.2x
Sun, 23 Apr 2023US$10.2tUS$2.0tUS$275.1b21.5x36.9x5x
Tue, 21 Mar 2023US$9.9tUS$2.0tUS$278.5b21.8x35.5x4.9x
Price to Earnings Ratio

35.5x


Total Market Cap: US$9.9tTotal Earnings: US$278.5bTotal 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 39.6x 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 7.3x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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-1.64%
Tech-0.75%
Communications1.95%
Semiconductors1.40%
Electronic Equipment and Components1.10%
Tech Hardware-1.87%
IT-2.95%
Software-3.35%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.6x.
    • Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings growth of 15.7% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 32.9x.
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 4.1% 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
MU Micron TechnologyUS$426.1315.1%
+US$62.8b		322.8%PE40.3x
NVDA NVIDIAUS$180.251.4%
+US$59.0b		48.1%PE36.5x
SNDK SandiskUS$661.6225.5%
+US$19.8b		1,106.9%PS10.9x
LRCX Lam ResearchUS$212.206.5%
+US$16.1b		169.7%PE42.6x
AMAT Applied MaterialsUS$341.535.2%
+US$13.3b		119.4%PE34.6x

Latest News

MU
US$426.13
Micron Technology
7D
15.1%
1Y
322.8%
ADBE
US$249.32
Adobe
7D
-12.1%
1Y
-36.8%
MSFT
US$395.55
Microsoft
7D
-3.3%
1Y
1.8%
AMAT
US$341.53
Applied Materials
7D
5.2%
1Y
119.4%
AVGO
US$322.16
Broadcom
7D
-2.5%
1Y
64.8%
IBM
US$246.28
International Business Machines
7D
-4.9%
1Y
-0.8%
KLAC
US$1,418.64
KLA
7D
5.5%
1Y
99.0%
WDC
US$272.29
Western Digital
7D
11.0%
1Y
511.5%
APP
US$458.67
AppLovin
7D
-8.7%
1Y
56.6%
NVDA
US$180.25
NVIDIA
7D
1.4%
1Y
48.1%
INTC
US$45.77
Intel
7D
5.4%
1Y
90.3%
INTU
US$439.96
Intuit
7D
-8.6%
1Y
-26.5%

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Our updated fair value estimate for Intuit moves lower to align with the Street's reset in price targets toward the $500 to $600 range, as analysts factor in slightly softer growth and margin assumptions while still highlighting resilient tax and small business franchises and emerging AI traction despite recent AI related concerns. Analyst Commentary Street research on Intuit has shifted toward lower price targets clustered around the $500 to $600 range, but with many firms still maintaining positive ratings.
AAPL
US$250.12
Apple
7D
-2.9%
1Y
17.2%

Apple will shine with a 6% revenue growth in the next 5 years

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LRCX
US$212.20
Lam Research
7D
6.5%
1Y
169.7%

LRCX: Future DRAM WFE Cycle May Drive Multi Year Upswing

The analyst price target for Lam Research has been raised by $10 to $254, as analysts point to higher wafer fab equipment growth forecasts, strong demand for DRAM memory spending, and broad Street support including Lam's addition to BofA's "US 1 List". Analyst Commentary Recent research is broadly constructive on Lam Research, with a series of higher price targets and fresh initiations pointing to confidence in the company’s position in wafer fab equipment and memory exposure.
PLTR
US$150.95
Palantir Technologies
7D
-4.0%
1Y
75.0%

Analysis of Palantir Technologies: Commercial Acceleration and Financial Maturity

Palantir Technologies Inc. has evolved from a specialized government contractor into a broad-market software provider.
SNDK
US$661.62
Sandisk
7D
25.5%
1Y
1,106.9%