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U.S. Tech Sector Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies980
  • 7D4.1%
  • 3M-3.8%
  • 1Y40.8%
  • YTD-3.3%

Broadcom is up 18%, leading the way for the Tech industry, which has gained 4.1%. During this same period, the Palantir Technologies underperformed, falling 13%. This means that the industry has gained 41% over the past year. 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
Mon, 13 Apr 2026US$21.8tUS$2.7tUS$555.0b31.2x39.3x8.1x
Wed, 11 Mar 2026US$21.5tUS$2.7tUS$542.2b29.7x39.7x8x
Fri, 06 Feb 2026US$21.1tUS$2.6tUS$529.4b27.9x39.9x8.1x
Sun, 04 Jan 2026US$22.5tUS$2.6tUS$506.7b31x44.5x8.7x
Tue, 02 Dec 2025US$22.6tUS$2.6tUS$494.1b30.3x45.7x8.8x
Thu, 30 Oct 2025US$19.2tUS$2.5tUS$463.7b30x41.4x7.7x
Sat, 27 Sep 2025US$22.1tUS$2.5tUS$437.8b31.3x50.5x9x
Mon, 25 Aug 2025US$20.8tUS$2.4tUS$418.9b28.4x49.7x8.6x
Wed, 23 Jul 2025US$20.4tUS$2.4tUS$392.8b29x52x8.6x
Fri, 20 Jun 2025US$18.8tUS$2.4tUS$391.4b27.5x48x7.9x
Sun, 18 May 2025US$18.1tUS$2.4tUS$385.4b27.1x47.1x7.7x
Tue, 15 Apr 2025US$15.4tUS$2.3tUS$386.7b24.9x39.8x6.6x
Thu, 13 Mar 2025US$16.1tUS$2.3tUS$385.5b26.8x41.8x6.9x
Sat, 08 Feb 2025US$18.3tUS$2.3tUS$372.2b33.2x49.3x8x
Mon, 06 Jan 2025US$18.6tUS$2.3tUS$366.9b32.7x50.7x8.2x
Wed, 04 Dec 2024US$18.3tUS$2.2tUS$361.4b33.6x50.8x8.2x
Fri, 01 Nov 2024US$17.1tUS$2.2tUS$378.5b29.3x45.3x7.7x
Sun, 29 Sep 2024US$17.2tUS$2.2tUS$378.1b29.7x45.4x7.9x
Tue, 27 Aug 2024US$17.0tUS$2.1tUS$367.7b29.6x46.3x8x
Thu, 25 Jul 2024US$17.0tUS$2.1tUS$362.3b30.1x47x8.1x
Sat, 22 Jun 2024US$17.0tUS$2.1tUS$360.5b30.4x47.2x8x
Mon, 20 May 2024US$14.9tUS$2.0tUS$337.1b29.9x44.4x7.3x
Wed, 17 Apr 2024US$14.2tUS$2.0tUS$328.5b27.7x43.4x7x
Fri, 15 Mar 2024US$14.8tUS$2.0tUS$325.3b28.2x45.4x7.2x
Sun, 11 Feb 2024US$14.6tUS$2.0tUS$308.4b26.8x47.2x7.2x
Tue, 09 Jan 2024US$12.9tUS$2.1tUS$292.6b26.4x44.1x6.3x
Thu, 07 Dec 2023US$12.6tUS$2.1tUS$292.8b24.9x43.1x6.2x
Sat, 04 Nov 2023US$11.8tUS$2.0tUS$279.2b23.1x42.4x5.8x
Mon, 02 Oct 2023US$11.5tUS$2.0tUS$269.9b24.7x42.5x5.6x
Wed, 30 Aug 2023US$12.1tUS$2.0tUS$270.6b24.7x44.5x5.9x
Fri, 28 Jul 2023US$12.3tUS$2.0tUS$260.0b24.9x47.2x6x
Sun, 25 Jun 2023US$11.7tUS$2.0tUS$264.6b24.1x44.2x5.7x
Tue, 23 May 2023US$10.8tUS$2.0tUS$260.8b23.6x41.6x5.3x
Thu, 20 Apr 2023US$10.3tUS$2.0tUS$275.0b21.9x37.4x5.1x
Price to Earnings Ratio

37.4x


Total Market Cap: US$10.3tTotal 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 39.3x 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 7.4x.
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 Market3.08%
Tech4.15%
Electronic Equipment and Components12.05%
Semiconductors10.46%
Communications7.22%
Tech Hardware1.62%
Software-3.91%
IT-8.01%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 32.2x.
    • Analysts are expecting annual earnings growth of 22.1%, 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 52.8x.
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 9.9% 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$371.5518.2%
+US$270.4b		108.3%PE70.4x
NVDA NVIDIAUS$188.636.2%
+US$267.0b		70.4%PE38.2x
INTC IntelUS$62.3822.8%
+US$58.2b		207.1%PS5.9x
LRCX Lam ResearchUS$263.6619.5%
+US$53.7b		288.5%PE53x
MU Micron TechnologyUS$420.5911.3%
+US$48.3b		492.2%PE19.7x

Latest News

MU
US$420.59
Micron Technology
7D
11.3%
1Y
492.2%
AVGO
US$371.55
Broadcom
7D
18.2%
1Y
108.3%
NOW
US$83.00
ServiceNow
7D
-19.0%
1Y
-48.1%

ServiceNow Inc. (NOW): The "AI Control Tower" and the 2026 Agentic Transformation

ServiceNow Inc. (NOW) closed the April 10, 2026, session at $82.91 USD on the NYSE, experiencing a period of significant technical pressure as the stock trades near its 52-week lows.
AMD
US$245.04
Advanced Micro Devices
7D
11.3%
1Y
159.3%
ANET
US$147.35
Arista Networks
7D
16.7%
1Y
100.2%
INTU
US$350.94
Intuit
7D
-15.9%
1Y
-40.9%
MSFT
US$370.87
Microsoft
7D
-0.5%
1Y
-4.4%

Microsoft: Temporary CapEx Panic Masks The Long-Term Edge

Apr 10
ORCL
US$138.09
Oracle
7D
-5.1%
1Y
2.6%

Oracle's Layoffs: The $4 Billion Return Threshold Investors Cannot Ignore

Apr 10
NET
US$166.99
Cloudflare
7D
-21.1%
1Y
55.9%

Cloudflare, Inc. (NET): The "Connectivity Cloud" and the 2026 AI Inference Breakout

Cloudflare, Inc. (NET) , the powerhouse behind the "connectivity cloud," experienced a sharp technical correction on April 9, 2026, closing at $193.05 USD on the NYSE.
INTC
US$62.38
Intel
7D
22.8%
1Y
207.1%
AMAT
US$399.49
Applied Materials
7D
13.3%
1Y
176.4%
NVDA
US$188.63
NVIDIA
7D
6.2%
1Y
70.4%

NVIDIA will see a profit margin surge of 55% in the next 5 years

1. The Undisputed King of AI Infrastructure NVIDIA’s dominance in the AI chip market is not merely a transient trend but a structural, long-term leadership position.
IBM
US$230.76
International Business Machines
7D
-6.5%
1Y
-3.5%

International Business Machines (IBM): The "Blue Chip" Transformation into the AI Hybrid Backbone

International Business Machines (IBM) , the foundational architect of the computing age, closed the April 2, 2026, session at $248.16 USD on the NYSE. As of today, April 6, 2026, IBM has shed its "legacy" label to emerge as a dominant force in the enterprise AI and hybrid cloud sectors.
PLTR
US$128.06
Palantir Technologies
7D
-13.4%
1Y
38.3%

Why Palantir's Best Days May Still Be Ahead

Apr 06
CRM
US$164.96
Salesforce
7D
-10.8%
1Y
-35.2%

CRM: Debt-Funded Buybacks And AI Disruption Fears Will Shape Risk Balance

Analysts have reduced their Salesforce price targets, with several cuts of $50 to $100 or more, reflecting softer organic growth expectations, sector-wide multiple compression, and increased scrutiny of how quickly Agentforce-driven demand can translate into faster revenue growth. Analyst Commentary Recent research highlights a split view on Salesforce, with many firms cutting price targets while still acknowledging potential upside from Agentforce and other AI driven products.
LRCX
US$263.66
Lam Research
7D
19.5%
1Y
288.5%

LRCX: Future DRAM Spending And WFE Cycle Will Support Multi Year Upswing

Analysts have lifted their price target on Lam Research by $5 to $255, citing a more supportive outlook for wafer fab equipment spending, stronger expectations for DRAM-driven demand, and Lam's inclusion in preferred idea lists as key reasons for the change. Analyst Commentary Recent research points to a broadly constructive stance on Lam Research, with a series of higher price targets and fresh buy calls highlighting confidence in the company’s positioning within wafer fab equipment and memory exposure.