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U.S. Tech Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies966
  • 7D-4.4%
  • 3M3.5%
  • 1Y19.0%
  • YTD17.9%

Over the last 7 days, the Tech industry has dropped 4.4%, driven by NVIDIA declining 5.0%. This takes the industry's 12 month performance to a gain of 19%. 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, 21 Nov 2025US$22.0tUS$2.5tUS$479.5b29.2x45.9x8.7x
Sun, 19 Oct 2025US$22.6tUS$2.5tUS$439.1b31.2x51.6x9.1x
Tue, 16 Sep 2025US$21.8tUS$2.5tUS$435.6b29.7x49.9x8.8x
Thu, 14 Aug 2025US$21.3tUS$2.4tUS$420.1b29.6x50.8x8.8x
Sat, 12 Jul 2025US$20.2tUS$2.4tUS$393.2b29.4x51.4x8.5x
Mon, 09 Jun 2025US$18.6tUS$2.4tUS$391.8b27.9x47.4x7.8x
Wed, 07 May 2025US$16.6tUS$2.3tUS$385.5b25.8x43x7.1x
Fri, 04 Apr 2025US$15.6tUS$2.3tUS$386.8b25.6x40.4x6.7x
Sun, 02 Mar 2025US$17.6tUS$2.3tUS$378.4b29.7x46.5x7.6x
Tue, 28 Jan 2025US$18.1tUS$2.3tUS$365.6b34x49.5x8x
Thu, 26 Dec 2024US$19.0tUS$2.3tUS$366.9b32.5x51.7x8.4x
Sat, 23 Nov 2024US$18.1tUS$2.3tUS$361.1b32.9x50.2x8.1x
Mon, 21 Oct 2024US$17.8tUS$2.2tUS$378.2b30.3x47x8.2x
Wed, 18 Sep 2024US$16.6tUS$2.2tUS$375.5b28.4x44.3x7.7x
Fri, 16 Aug 2024US$16.3tUS$2.1tUS$367.8b28.6x44.4x7.6x
Sun, 14 Jul 2024US$17.6tUS$2.1tUS$363.1b30.6x48.4x8.3x
Tue, 11 Jun 2024US$15.7tUS$2.1tUS$351.2b29.5x44.7x7.6x
Thu, 09 May 2024US$14.5tUS$2.0tUS$336.6b29.8x43x7.1x
Sat, 06 Apr 2024US$14.5tUS$2.0tUS$328.6b28.3x44x7.1x
Mon, 04 Mar 2024US$14.8tUS$2.0tUS$327.4b28.2x45.3x7.3x
Wed, 31 Jan 2024US$14.2tUS$2.1tUS$296.1b26.6x48.1x6.9x
Fri, 29 Dec 2023US$13.5tUS$2.1tUS$292.5b26.4x46x6.6x
Sun, 26 Nov 2023US$12.7tUS$2.0tUS$290.1b25x43.8x6.2x
Tue, 24 Oct 2023US$11.4tUS$2.0tUS$269.7b23.6x42.3x5.6x
Thu, 21 Sep 2023US$11.6tUS$2.0tUS$272.9b24x42.5x5.7x
Sat, 19 Aug 2023US$11.4tUS$2.0tUS$264.3b24.5x43.2x5.6x
Mon, 17 Jul 2023US$12.2tUS$2.0tUS$257.8b25x47.5x6x
Wed, 14 Jun 2023US$11.8tUS$2.0tUS$264.2b24.9x44.6x5.8x
Fri, 12 May 2023US$10.4tUS$2.0tUS$261.4b23x39.7x5.1x
Sun, 09 Apr 2023US$10.2tUS$2.0tUS$274.9b22.5x37.2x5x
Tue, 07 Mar 2023US$11.0tUS$2.3tUS$298.5b23x37x4.9x
Thu, 02 Feb 2023US$11.0tUS$2.3tUS$319.8b24.8x34.3x4.9x
Sat, 31 Dec 2022US$9.8tUS$2.2tUS$327.4b21.8x29.8x4.3x
Mon, 28 Nov 2022US$10.4tUS$2.2tUS$332.6b22x31.3x4.6x
Price to Earnings Ratio

31.3x


Total Market Cap: US$10.4tTotal Earnings: US$332.6bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 44.3x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 8.7x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 Market-3.20%
Tech-4.38%
Tech Hardware-2.96%
Semiconductors-4.01%
IT-4.22%
Communications-4.83%
Software-5.51%
Electronic Equipment and Components-5.57%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 50.6x.
    • Analysts are expecting annual earnings growth of 25.7%, which is higher than its past year's earnings growth of 3.3% 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 31.6x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 3.3% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.8% 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
AVGO BroadcomUS$346.822.0%
+US$32.3b		111.6%PE87.1x
SEMR Semrush HoldingsUS$11.7761.0%
+US$665.4m		-20.3%PS4.1x
CWAN Clearwater Analytics HoldingsUS$20.758.8%
+US$481.2m		-34.6%PE15.2x
KC Kingsoft Cloud HoldingsUS$12.108.5%
+US$286.5m		109.3%PS2.9x
WULF TeraWulfUS$11.565.2%
+US$238.6m		55.2%PS28.9x

Latest News

MU
US$201.37
Micron Technology
7D
-15.0%
1Y
96.0%
AVGO
US$346.82
Broadcom
7D
2.0%
1Y
111.6%
MSFT
US$478.43
Microsoft
7D
-4.9%
1Y
15.9%
KC
US$12.10
Kingsoft Cloud Holdings
7D
8.5%
1Y
109.3%
SEMR
US$11.77
Semrush Holdings
7D
61.0%
1Y
-20.3%
NVDA
US$180.64
NVIDIA
7D
-5.0%
1Y
27.3%

Another strong financial results

1. Latest Financial Results Numbers at a glance: • For the quarter ended Oct 26 2025 (Q3 FY26), NVIDIA reported revenue of US$57.0 billion, up ~22% quarter-on-quarter and ~62% year-on-year.
LRCX
US$139.59
Lam Research
7D
-9.0%
1Y
90.9%
ORCL
US$210.69
Oracle
7D
-3.2%
1Y
9.5%
CWAN
US$20.75
Clearwater Analytics Holdings
7D
8.8%
1Y
-34.6%
WULF
US$11.56
TeraWulf
7D
5.2%
1Y
55.2%
AAPL
US$266.25
Apple
7D
-2.5%
1Y
16.5%

AAPL: Future Revenue Growth Will Depend On Sustained Demand And Ecosystem Expansion

Apple's fair value estimate has been raised from $275.21 to $281.07, as analysts cite stronger-than-expected iPhone demand, improved multi-year outlooks, and increased confidence in future revenue growth. This comes despite slight shifts in margins and discount rate assumptions.
AMD
US$206.02
Advanced Micro Devices
7D
-16.9%
1Y
49.8%
U
US$37.71
Unity Software
7D
1.5%
1Y
67.9%

U: Revenue Forecast Boost and New Product Access Will Drive Stronger Performance

Unity Software's analyst price target has risen from $36.88 to $42.31. Analysts cite stronger projected revenue growth as the primary driver for the upward revision.
PI
US$147.94
Impinj
7D
3.0%
1Y
-21.4%
PLTR
US$155.75
Palantir Technologies
7D
-9.5%
1Y
153.8%
ATGL
US$21.00
Alpha Technology Group
7D
50.0%
1Y
72.7%