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U.S. Tech Sector Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies981
  • 7D-3.5%
  • 3M-10.8%
  • 1Y25.8%
  • YTD-9.5%

Over the last 7 days, the Tech industry has dropped 3.5%, driven by declines in NVIDIA and Microsoft of 4.1% and 5.9%, respectively. Over the past 12 months, the industry was up 26%. 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
Fri, 27 Mar 2026US$20.9tUS$2.7tUS$555.3b29.7x37.7x7.7x
Sun, 22 Feb 2026US$21.7tUS$2.6tUS$520.2b29.5x41.7x8.2x
Tue, 20 Jan 2026US$22.4tUS$2.6tUS$500.6b31.7x44.7x8.8x
Thu, 18 Dec 2025US$22.2tUS$2.6tUS$503.6b30.4x44x8.6x
Sat, 15 Nov 2025US$22.6tUS$2.5tUS$479.1b29.9x47.1x8.9x
Mon, 13 Oct 2025US$22.2tUS$2.5tUS$439.1b30.5x50.5x8.9x
Wed, 10 Sep 2025US$21.1tUS$2.5tUS$435.1b29.3x48.4x8.6x
Fri, 08 Aug 2025US$20.9tUS$2.4tUS$415.3b27.6x50.3x8.6x
Sun, 06 Jul 2025US$20.1tUS$2.4tUS$393.2b29.4x51.1x8.4x
Tue, 03 Jun 2025US$17.9tUS$2.4tUS$390.2b26.5x46x7.6x
Thu, 01 May 2025US$16.1tUS$2.3tUS$385.2b25.3x41.9x6.9x
Sat, 29 Mar 2025US$16.3tUS$2.3tUS$385.4b26.7x42.4x7x
Mon, 24 Feb 2025US$18.4tUS$2.3tUS$369.5b30.2x49.8x8x
Wed, 22 Jan 2025US$18.4tUS$2.3tUS$367.0b34.4x50x8.1x
Fri, 20 Dec 2024US$18.3tUS$2.3tUS$366.6b32x49.8x8.1x
Sun, 17 Nov 2024US$17.7tUS$2.2tUS$351.2b31.6x50.4x7.9x
Tue, 15 Oct 2024US$17.6tUS$2.2tUS$378.2b30.4x46.6x8.1x
Thu, 12 Sep 2024US$16.5tUS$2.2tUS$375.1b28x44.1x7.6x
Sat, 10 Aug 2024US$15.6tUS$2.1tUS$370.1b27.5x42.1x7.3x
Mon, 08 Jul 2024US$17.5tUS$2.1tUS$362.9b30.4x48.2x8.3x
Wed, 05 Jun 2024US$15.2tUS$2.1tUS$351.2b29.4x43.4x7.4x
Fri, 03 May 2024US$13.9tUS$2.1tUS$336.7b28.1x41.3x6.8x
Sun, 31 Mar 2024US$14.8tUS$2.0tUS$328.5b28.3x44.9x7.2x
Tue, 27 Feb 2024US$14.5tUS$2.0tUS$322.6b28.2x44.9x7.1x
Thu, 25 Jan 2024US$14.1tUS$2.0tUS$293.0b26.5x48.1x6.9x
Sat, 23 Dec 2023US$13.4tUS$2.1tUS$292.5b25.9x45.8x6.5x
Mon, 20 Nov 2023US$12.6tUS$2.0tUS$281.9b24.5x44.8x6.2x
Wed, 18 Oct 2023US$11.8tUS$2.0tUS$270.2b24.8x43.6x5.8x
Fri, 15 Sep 2023US$11.9tUS$2.0tUS$272.6b24.3x43.8x5.8x
Sun, 13 Aug 2023US$11.6tUS$2.0tUS$263.3b25.2x43.9x5.7x
Tue, 11 Jul 2023US$11.9tUS$2.0tUS$258.1b24.9x46.1x5.9x
Thu, 08 Jun 2023US$11.5tUS$2.0tUS$264.2b24.4x43.4x5.6x
Sat, 06 May 2023US$10.4tUS$2.0tUS$262.0b22.5x39.5x5.1x
Mon, 03 Apr 2023US$10.4tUS$2.0tUS$275.0b23.4x37.9x5.1x
Price to Earnings Ratio

37.9x


Total Market Cap: US$10.4tTotal Earnings: US$275.0bTotal 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 37.7x 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 26% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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-1.62%
Tech-3.55%
Tech Hardware-0.071%
Communications-2.21%
Electronic Equipment and Components-2.32%
Semiconductors-3.75%
IT-3.81%
Software-6.02%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 31.8x.
    • Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings growth of 15.7% per year.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 53.3x.
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 3.1% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.7% 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$252.891.6%
+US$57.7b		13.0%PE31.5x
ARM Arm HoldingsUS$154.8019.2%
+US$26.5b		37.6%PE205.2x
CSCO Cisco SystemsUS$82.164.6%
+US$14.4b		33.8%PE29.3x
DELL Dell TechnologiesUS$175.8212.2%
+US$12.3b		81.1%PE19.1x
MRVL Marvell TechnologyUS$97.689.1%
+US$7.1b		50.6%PE32x

Latest News

SNDK
US$603.17
Sandisk
7D
-21.9%
1Y
1,040.6%
ARM
US$154.80
Arm Holdings
7D
19.2%
1Y
37.6%
NVDA
US$171.24
NVIDIA
7D
-4.1%
1Y
53.7%
MU
US$355.46
Micron Technology
7D
-15.9%
1Y
301.9%

We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings

Mar 26
We Think That There Are Issues Underlying Micron Technology's (NASDAQ:MU) Earnings
CSCO
US$82.16
Cisco Systems
7D
4.6%
1Y
33.8%
TXN
US$193.41
Texas Instruments
7D
2.7%
1Y
7.0%
GLW
US$135.32
Corning
7D
1.7%
1Y
190.6%
DELL
US$175.82
Dell Technologies
7D
12.2%
1Y
81.1%
HPE
US$25.07
Hewlett Packard Enterprise
7D
13.3%
1Y
57.3%
AVGO
US$309.42
Broadcom
7D
-3.3%
1Y
79.9%
LRCX
US$211.62
Lam Research
7D
-9.6%
1Y
182.9%

Lam Research (LRCX): The "AI Foundry" Backbone and the Memory Supercycle

Lam Research (LRCX) is currently trading at $233.31 USD on the NASDAQ as of March 23, 2026, marking a 2.17% gain in today's session. The stock has demonstrated remarkable resilience, recovering from a brief dip earlier in the month to trade near its 52-week high of $256.68.
MSFT
US$365.97
Microsoft
7D
-5.9%
1Y
-6.3%
ORCL
US$142.81
Oracle
7D
-8.2%
1Y
-2.0%

ORCL: AI Data Center Spending And Margins Will Shape Cash Generation

Oracle's analyst fair value estimate has moved from about $193.08 to $155.00 as analysts factor in lower profit margin assumptions along with stronger modeled revenue growth and generally supportive post earnings research. Analyst Commentary Street research around Oracle following the fiscal Q3 report reflects a mix of renewed confidence in the business trajectory and recalibration of expectations.
MRVL
US$97.68
Marvell Technology
7D
9.1%
1Y
50.6%

MRVL: AI Data Center And Optics Momentum Will Offset XPU Sustainability Risks

Marvell Technology's updated fair value estimate moved from $90.00 to about $85.78, as analysts adjusted their models to reflect higher projected revenue growth and profit margins, alongside a lower future P/E multiple. This revision is supported by recent price target updates that cite stronger data center momentum, AI driven custom compute and optics demand, and new partnerships such as the Mojo Vision micro-LED collaboration.
AAPL
US$252.89
Apple
7D
1.6%
1Y
13.0%
PLTR
US$147.56
Palantir Technologies
7D
-5.2%
1Y
63.8%

My take on Palantir

For me, the story behind this company is the following. I read Alex Carpe's book, The Philosopher in the Valley, and I loved how structured and driven he was.