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U.S. Tech Sector Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies939
  • 7D1.1%
  • 3M15.9%
  • 1Y23.4%
  • YTD13.9%

In the last week, the Tech industry is up 1.1%, with NVIDIA up 3.5%. This means that the industry has gained 23% over the past year. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Aug 2025US$20.8tUS$2.4tUS$418.9b29x49.6x8.5x
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
Thu, 16 Feb 2023US$11.3tUS$2.3tUS$297.5b24.1x38.1x5x
Sat, 14 Jan 2023US$10.2tUS$2.2tUS$327.5b23.8x31.2x4.5x
Mon, 12 Dec 2022US$10.2tUS$2.2tUS$330.5b22.6x30.9x4.5x
Wed, 09 Nov 2022US$9.4tUS$2.2tUS$333.7b20.3x28.3x4.2x
Fri, 07 Oct 2022US$10.1tUS$2.2tUS$345.7b19.7x29.1x4.6x
Sun, 04 Sep 2022US$10.5tUS$2.2tUS$347.1b20.8x30.4x4.8x
Price to Earnings Ratio

30.4x


Total Market Cap: US$10.5tTotal Earnings: US$347.1bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 42.7x202320242025
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 49.6x which is higher than its 3-year average PE of 42.7x.
  • The 3-year average PS ratio of 6.6x is lower than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 6.5% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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 Market1.32%
Tech1.07%
Communications3.20%
Semiconductors2.83%
Electronic Equipment and Components1.96%
IT0.57%
Software-0.24%
Tech Hardware-0.35%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 47.4x.
    • Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings decline of 0.7% 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 30.4x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 0.7% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.3% 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
NVDA NVIDIAUS$181.513.5%
+US$149.2b		44.5%PE57.7x
AAPL AppleUS$230.492.0%
+US$66.5b		1.8%PE34.5x
AVGO BroadcomUS$300.303.1%
+US$43.0b		89.8%PE106.7x
APP AppLovinUS$462.7812.2%
+US$17.0b		425.9%PE62.3x
ADI Analog DevicesUS$255.6310.9%
+US$11.4b		10.3%PE64.2x

Latest News

MDB
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7D
39.0%
1Y
25.6%
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1Y
-16.4%

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AVGO
US$300.30
Broadcom
7D
3.1%
1Y
89.8%

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NVDA
US$181.51
NVIDIA
7D
3.5%
1Y
44.5%

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Analysts have raised NVIDIA’s price target to $194.22, citing surging demand for Blackwell and H20 products, resumed shipments to China, under-ownership by institutions, and strong AI infrastructure tailwinds driving higher earnings forecasts. Analyst Commentary Bullish analysts cite accelerating shipments and demand for Nvidia’s Blackwell (GB200/GB300) and Rubin products, underpinned by strong order momentum from hyperscalers, including resumption and ramping of H20 and GB series shipments, with positive guidance expected.
INTU
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Intuit
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1Y
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ADI
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Analog Devices
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1Y
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ARM
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Arm Holdings
7D
7.2%
1Y
12.2%
MSFT
US$502.04
Microsoft
7D
-0.7%
1Y
22.3%
UI
US$524.14
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32.8%
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CRCL
US$127.40
Circle Internet Group
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1Y
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US$528.66
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7D
-2.2%
1Y
-3.9%
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7D
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APP
US$462.78
AppLovin
7D
12.2%
1Y
425.9%
MU
US$116.50
Micron Technology
7D
-4.5%
1Y
19.0%
AAPL
US$230.49
Apple
7D
2.0%
1Y
1.8%