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U.S. Tech Sector Analysis

UpdatedJul 25, 2025
DataAggregated Company Financials
Companies935
  • 7D0.1%
  • 3M27.7%
  • 1Y26.5%
  • YTD12.5%

Over the last 7 days, the Tech industry has remained flat, although notably Texas Instruments declined by 14%. The past year has been better, since the industry has gained 26% in that time. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 25 Jul 2025US$20.5tUS$2.4tUS$394.2b28.3x51.9x8.6x
Sun, 22 Jun 2025US$18.7tUS$2.4tUS$391.4b27.2x47.9x7.9x
Tue, 20 May 2025US$18.1tUS$2.4tUS$385.4b26.6x47.1x7.7x
Thu, 17 Apr 2025US$15.5tUS$2.3tUS$386.6b24.8x40.2x6.7x
Sat, 15 Mar 2025US$16.1tUS$2.3tUS$386.3b26.6x41.6x6.9x
Mon, 10 Feb 2025US$18.2tUS$2.3tUS$372.2b33.2x48.8x7.9x
Wed, 08 Jan 2025US$18.9tUS$2.3tUS$366.9b32.9x51.5x8.4x
Fri, 06 Dec 2024US$18.8tUS$2.2tUS$361.2b33.3x52.1x8.4x
Sun, 03 Nov 2024US$17.2tUS$2.2tUS$353.4b29.7x48.8x7.7x
Tue, 01 Oct 2024US$17.3tUS$2.2tUS$378.0b30.1x45.7x8x
Thu, 29 Aug 2024US$16.9tUS$2.1tUS$367.6b29x46.1x7.9x
Sat, 27 Jul 2024US$16.2tUS$2.1tUS$361.7b31.6x44.7x7.7x
Mon, 24 Jun 2024US$16.9tUS$2.1tUS$360.5b30.4x46.8x8x
Wed, 22 May 2024US$15.1tUS$2.0tUS$337.3b29.7x44.8x7.4x
Fri, 19 Apr 2024US$13.9tUS$2.0tUS$328.5b27.8x42.3x6.8x
Sun, 17 Mar 2024US$14.5tUS$2.0tUS$325.3b27.9x44.7x7.1x
Tue, 13 Feb 2024US$14.5tUS$2.0tUS$308.4b27.3x47x7.1x
Thu, 11 Jan 2024US$13.2tUS$2.0tUS$292.0b26.1x45.3x6.5x
Sat, 09 Dec 2023US$12.8tUS$2.1tUS$293.2b25x43.6x6.2x
Mon, 06 Nov 2023US$11.8tUS$2.0tUS$279.2b23.1x42.4x5.8x
Wed, 04 Oct 2023US$11.6tUS$2.0tUS$269.9b24.5x43x5.7x
Fri, 01 Sep 2023US$12.2tUS$2.0tUS$272.0b24.6x45x6x
Sun, 30 Jul 2023US$12.3tUS$2.0tUS$263.2b24.8x46.6x6x
Tue, 27 Jun 2023US$11.6tUS$2.0tUS$264.6b23.9x43.7x5.7x
Thu, 25 May 2023US$10.6tUS$2.0tUS$261.2b23x40.7x5.2x
Sat, 22 Apr 2023US$10.2tUS$2.0tUS$275.1b21.5x36.9x5x
Mon, 20 Mar 2023US$9.9tUS$2.0tUS$278.4b21.4x35.4x4.8x
Wed, 15 Feb 2023US$11.3tUS$2.2tUS$297.1b23.8x37.9x5x
Fri, 13 Jan 2023US$10.2tUS$2.2tUS$327.5b23.2x31.1x4.5x
Sun, 11 Dec 2022US$10.2tUS$2.2tUS$330.5b22.6x30.9x4.5x
Tue, 08 Nov 2022US$9.4tUS$2.2tUS$333.7b20.3x28.3x4.2x
Thu, 06 Oct 2022US$10.1tUS$2.2tUS$345.7b19.9x29.3x4.6x
Sat, 03 Sep 2022US$10.5tUS$2.2tUS$347.0b20.8x30.4x4.8x
Mon, 01 Aug 2022US$11.5tUS$2.2tUS$355.2b23.8x32.5x5.3x
Price to Earnings Ratio

32.5x


Total Market Cap: US$11.5tTotal Earnings: US$355.2bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 42.2x202320242025
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 51.9x which is higher than its 3-year average PE of 42.2x.
  • The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market0.97%
Tech0.12%
Tech Hardware1.67%
Electronic Equipment and Components1.47%
Communications0.55%
Software0.03%
Semiconductors-0.18%
IT-2.90%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 46.0x.
    • Analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings growth of 4.7% 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 30.2x.
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 growth rate of 4.7% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.2% 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
AAPL AppleUS$213.761.8%
+US$55.9b		-1.7%PE32.8x
NVDA NVIDIAUS$173.740.4%
+US$18.1b		54.7%PE55.2x
AVGO BroadcomUS$288.710.8%
+US$10.6b		93.4%PE102.6x
TEL TE ConnectivityUS$205.6015.7%
+US$8.1b		33.0%PE41.8x
NOW ServiceNowUS$996.183.9%
+US$7.7b		20.2%PE124.4x

Latest News

ADI
US$226.37
Analog Devices
7D
-6.1%
1Y
2.5%
IBM
US$260.51
International Business Machines
7D
-7.6%
1Y
35.7%
TEL
US$205.60
TE Connectivity
7D
15.7%
1Y
33.0%
NOW
US$996.18
ServiceNow
7D
3.9%
1Y
20.2%
ORCL
US$242.83
Oracle
7D
-2.4%
1Y
76.2%
TXN
US$185.69
Texas Instruments
7D
-14.3%
1Y
-5.8%
QCOM
US$158.84
QUALCOMM
7D
4.1%
1Y
-9.4%
AAPL
US$213.76
Apple
7D
1.8%
1Y
-1.7%
CRCL
US$193.08
Circle Internet Group
7D
-17.9%
1Y
n/a
INTU
US$781.21
Intuit
7D
3.4%
1Y
24.7%
NVDA
US$173.74
NVIDIA
7D
0.4%
1Y
54.7%
MSFT
US$510.88
Microsoft
7D
-0.2%
1Y
22.1%
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United States: 50.87%1-Year Revenue Growth = 16.83%
AVGO
US$288.71
Broadcom
7D
0.8%
1Y
93.4%
SHOP
US$122.08
Shopify
7D
-3.9%
1Y
103.7%
MSTR
US$414.92
MicroStrategy
7D
-8.1%
1Y
158.3%
CRM
US$267.70
Salesforce
7D
3.0%
1Y
4.4%