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U.S. Tech Sector Analysis

UpdatedJul 24, 2025
DataAggregated Company Financials
Companies934
  • 7D0.6%
  • 3M28.9%
  • 1Y24.5%
  • YTD11.9%

In the last week, the Tech industry is flat overall, with Texas Instruments standing out by going down 14%. The past year has been better, since the industry has gained 25% in that time. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 24 Jul 2025US$20.3tUS$2.4tUS$393.0b28.5x51.7x8.5x
Sat, 21 Jun 2025US$18.7tUS$2.4tUS$391.4b27.2x47.9x7.9x
Mon, 19 May 2025US$18.1tUS$2.4tUS$385.4b26.8x47.1x7.7x
Wed, 16 Apr 2025US$15.5tUS$2.3tUS$386.7b25x40x6.6x
Fri, 14 Mar 2025US$16.3tUS$2.3tUS$386.5b26.4x42.3x7x
Sun, 09 Feb 2025US$18.2tUS$2.3tUS$372.2b33.2x48.8x7.9x
Tue, 07 Jan 2025US$18.6tUS$2.3tUS$366.9b33.5x50.7x8.2x
Thu, 05 Dec 2024US$18.5tUS$2.2tUS$361.2b34x51.1x8.2x
Sat, 02 Nov 2024US$17.1tUS$2.2tUS$353.3b29.7x48.5x7.7x
Mon, 30 Sep 2024US$17.2tUS$2.2tUS$378.1b29.7x45.4x7.9x
Wed, 28 Aug 2024US$16.9tUS$2.1tUS$367.5b29.5x45.9x7.9x
Fri, 26 Jul 2024US$16.3tUS$2.1tUS$362.1b31.1x45.1x7.7x
Sun, 23 Jun 2024US$16.9tUS$2.1tUS$360.5b30.4x46.8x8x
Tue, 21 May 2024US$14.9tUS$2.0tUS$337.1b30x44.3x7.3x
Thu, 18 Apr 2024US$14.0tUS$2.0tUS$328.5b28.1x42.7x6.9x
Sat, 16 Mar 2024US$14.7tUS$2.0tUS$325.3b27.9x45.3x7.2x
Mon, 12 Feb 2024US$14.6tUS$2.0tUS$308.4b26.8x47.2x7.2x
Wed, 10 Jan 2024US$13.2tUS$2.0tUS$292.7b26.3x45.2x6.5x
Fri, 08 Dec 2023US$12.6tUS$2.1tUS$292.9b25.1x43.1x6.2x
Sun, 05 Nov 2023US$11.8tUS$2.0tUS$279.2b23.1x42.4x5.8x
Tue, 03 Oct 2023US$11.5tUS$2.0tUS$269.9b24.8x42.5x5.6x
Thu, 31 Aug 2023US$12.2tUS$2.0tUS$270.6b24.8x44.9x6x
Sat, 29 Jul 2023US$12.3tUS$2.0tUS$263.2b24.8x46.6x6x
Mon, 26 Jun 2023US$11.7tUS$2.0tUS$264.6b24.1x44.2x5.7x
Wed, 24 May 2023US$10.7tUS$2.0tUS$260.7b23.2x41x5.3x
Fri, 21 Apr 2023US$10.2tUS$2.0tUS$275.1b21.7x37x5x
Sun, 19 Mar 2023US$10.2tUS$2.2tUS$268.8b22.3x38x4.7x
Tue, 14 Feb 2023US$11.2tUS$2.2tUS$296.3b24.2x37.7x5x
Thu, 12 Jan 2023US$10.1tUS$2.2tUS$327.5b23x30.9x4.5x
Sat, 10 Dec 2022US$10.2tUS$2.2tUS$330.5b22.6x30.9x4.5x
Mon, 07 Nov 2022US$9.4tUS$2.2tUS$333.7b20.1x28.3x4.2x
Wed, 05 Oct 2022US$10.1tUS$2.2tUS$345.7b19.8x29.2x4.6x
Fri, 02 Sep 2022US$10.7tUS$2.2tUS$346.1b21x30.9x4.9x
Sun, 31 Jul 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 51.7x 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 8.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 3.4% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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 Market1.68%
Tech0.55%
Electronic Equipment and Components3.27%
Communications2.69%
Tech Hardware1.94%
Software0.69%
IT0.52%
Semiconductors-0.55%
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 30.1x.
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$214.152.0%
+US$61.7b		-1.5%PE32.9x
SNPS SynopsysUS$614.427.6%
+US$25.1b		11.0%PE84.2x
AVGO BroadcomUS$283.691.0%
+US$13.5b		87.5%PE100.8x
CRM SalesforceUS$267.223.6%
+US$8.9b		7.0%PE41.2x
TEL TE ConnectivityUS$202.0414.5%
+US$7.6b		28.8%PE43.1x

Latest News

CRWV
US$126.05
CoreWeave
7D
-11.9%
1Y
n/a
TXN
US$186.25
Texas Instruments
7D
-14.0%
1Y
-6.1%
TEL
US$202.04
TE Connectivity
7D
14.5%
1Y
28.8%
QCOM
US$159.88
QUALCOMM
7D
3.8%
1Y
-11.7%
SNPS
US$614.42
Synopsys
7D
7.6%
1Y
11.0%
AAPL
US$214.15
Apple
7D
2.0%
1Y
-1.5%
ADI
US$228.08
Analog Devices
7D
-5.2%
1Y
1.5%

What Does Analog Devices, Inc.'s (NASDAQ:ADI) Share Price Indicate?

Jul 23
What Does Analog Devices, Inc.'s (NASDAQ:ADI) Share Price Indicate?
CRCL
US$202.41
Circle Internet Group
7D
-13.2%
1Y
n/a
ANET
US$113.04
Arista Networks
7D
4.4%
1Y
38.8%
MU
US$109.83
Micron Technology
7D
-5.7%
1Y
-0.4%
AMAT
US$187.01
Applied Materials
7D
-4.0%
1Y
-9.5%
INTU
US$776.00
Intuit
7D
3.4%
1Y
25.1%
NVDA
US$170.78
NVIDIA
7D
-0.3%
1Y
49.5%
AVGO
US$283.69
Broadcom
7D
1.0%
1Y
87.5%
MSTR
US$412.67
MicroStrategy
7D
-9.5%
1Y
146.7%
CRM
US$267.22
Salesforce
7D
3.6%
1Y
7.0%