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U.S. Tech Sector Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies987
  • 7D-1.2%
  • 3M-4.9%
  • 1Y17.1%
  • YTD-1.7%

Over the last 7 days, the Tech industry has dropped 1.2%, driven by Apple declining 3.8%. On the other hand Micron Technology is actually up 18%. In the past year, the industry has gained 17%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026US$22.0tUS$2.6tUS$500.9b31.9x44x8.6x
Sun, 21 Dec 2025US$22.5tUS$2.6tUS$506.9b30.9x44.4x8.7x
Tue, 18 Nov 2025US$22.6tUS$2.5tUS$479.5b29.7x47.2x8.9x
Thu, 16 Oct 2025US$22.4tUS$2.5tUS$439.1b32.5x51.1x9x
Sat, 13 Sep 2025US$21.7tUS$2.5tUS$435.6b29.7x49.8x8.8x
Mon, 11 Aug 2025US$21.2tUS$2.4tUS$417.0b28x50.8x8.7x
Wed, 09 Jul 2025US$19.9tUS$2.4tUS$393.2b29.5x50.7x8.4x
Fri, 06 Jun 2025US$18.4tUS$2.4tUS$388.9b27.6x47.3x7.7x
Sun, 04 May 2025US$16.7tUS$2.3tUS$386.4b26.4x43.2x7.1x
Tue, 01 Apr 2025US$15.9tUS$2.3tUS$385.6b26.7x41.3x6.8x
Thu, 27 Feb 2025US$17.8tUS$2.3tUS$368.6b30.2x48.4x7.7x
Sat, 25 Jan 2025US$18.9tUS$2.3tUS$365.6b33.9x51.8x8.4x
Mon, 23 Dec 2024US$18.6tUS$2.3tUS$366.9b31.5x50.6x8.2x
Wed, 20 Nov 2024US$17.8tUS$2.2tUS$351.2b32x50.6x8x
Fri, 18 Oct 2024US$17.6tUS$2.2tUS$378.1b31x46.7x8.1x
Sun, 15 Sep 2024US$16.8tUS$2.2tUS$375.4b28.3x44.7x7.8x
Tue, 13 Aug 2024US$15.8tUS$2.1tUS$369.7b27.2x42.7x7.4x
Thu, 11 Jul 2024US$17.6tUS$2.1tUS$362.9b30x48.5x8.3x
Sat, 08 Jun 2024US$15.6tUS$2.1tUS$351.2b29.5x44.5x7.6x
Mon, 06 May 2024US$14.3tUS$2.0tUS$336.2b28.2x42.7x7x
Wed, 03 Apr 2024US$14.8tUS$2.0tUS$328.6b28.3x45x7.2x
Fri, 01 Mar 2024US$14.4tUS$2.0tUS$327.2b27.7x44.2x7.1x
Sun, 28 Jan 2024US$14.1tUS$2.0tUS$295.9b27x47.5x6.9x
Tue, 26 Dec 2023US$13.4tUS$2.1tUS$292.5b25.9x45.8x6.5x
Thu, 23 Nov 2023US$12.8tUS$2.0tUS$281.5b24.8x45.4x6.3x
Sat, 21 Oct 2023US$11.4tUS$2.0tUS$269.7b23.5x42.2x5.6x
Mon, 18 Sep 2023US$11.8tUS$2.0tUS$272.9b23.9x43.2x5.8x
Wed, 16 Aug 2023US$11.6tUS$2.0tUS$263.5b24.7x44.2x5.7x
Fri, 14 Jul 2023US$12.3tUS$2.0tUS$257.8b25.6x47.6x6.1x
Sun, 11 Jun 2023US$11.5tUS$2.0tUS$264.2b24.4x43.4x5.6x
Tue, 09 May 2023US$10.4tUS$2.0tUS$262.0b22.3x39.6x5.1x
Thu, 06 Apr 2023US$10.2tUS$2.0tUS$275.3b22.4x37x5x
Sat, 04 Mar 2023US$11.0tUS$2.3tUS$298.5b23.3x37x4.9x
Mon, 30 Jan 2023US$10.7tUS$2.2tUS$321.9b24.5x33.4x4.8x
Price to Earnings Ratio

33.4x


Total Market Cap: US$10.7tTotal Earnings: US$321.9bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.1x202420252026
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 45.1x.
  • The 3-year average PS ratio of 7.2x 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 16% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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-0.28%
Tech-1.23%
Semiconductors0.69%
Communications0.68%
Electronic Equipment and Components-0.40%
Software-2.70%
Tech Hardware-3.07%
IT-3.21%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 52.4x.
    • Analysts are expecting annual earnings growth of 25.7%, which is higher than its past year's earnings growth of 4.4% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 32.5x.
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 4.4% 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
MU Micron TechnologyUS$397.5818.1%
+US$68.6b		279.2%PE37.6x
INTC IntelUS$54.3215.7%
+US$36.7b		160.8%PE1367.5x
AMD Advanced Micro DevicesUS$253.739.4%
+US$35.7b		106.6%PE131.9x
ARM Arm HoldingsUS$119.2013.4%
+US$14.9b		-28.4%PE152.4x
SNDK SandiskUS$503.4423.0%
+US$13.8b		n/aPS9.5x

Latest News

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Oracle
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7D
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1Y
160.8%
ANET
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1Y
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NVIDIA
7D
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1Y
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7D
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1Y
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Microsoft
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AMD
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APP
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SHOP
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Shopify
7D
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1Y
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WDC
US$243.29
Western Digital
7D
9.5%
1Y
254.2%

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MU
US$397.58
Micron Technology
7D
18.1%
1Y
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PLTR
US$165.90
Palantir Technologies
7D
-6.3%
1Y
110.1%
ARM
US$119.20
Arm Holdings
7D
13.4%
1Y
-28.4%

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SNDK
US$503.44
Sandisk
7D
23.0%
1Y
n/a