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U.S. Tech Sector Analysis

UpdatedAug 08, 2025
DataAggregated Company Financials
Companies944
  • 7D1.2%
  • 3M24.3%
  • 1Y34.5%
  • YTD14.3%

Over the last 7 days, the Tech industry has risen 1.2%, driven by gains from Apple of 6.0%. In the last 12 months, the industry was up 35%. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 01 Mar 2023US$10.7tUS$2.3tUS$296.3b23x36.2x4.8x
Fri, 27 Jan 2023US$10.7tUS$2.3tUS$326.8b24.4x32.7x4.7x
Sun, 25 Dec 2022US$9.7tUS$2.2tUS$327.5b21.8x29.8x4.3x
Tue, 22 Nov 2022US$10.2tUS$2.2tUS$330.9b21.7x30.8x4.6x
Thu, 20 Oct 2022US$9.6tUS$2.2tUS$345.2b18.8x27.7x4.4x
Sat, 17 Sep 2022US$10.3tUS$2.2tUS$346.7b20.4x29.6x4.7x
Mon, 15 Aug 2022US$12.0tUS$2.2tUS$350.3b24x34.4x5.5x
Price to Earnings Ratio

34.4x


Total Market Cap: US$12.0tTotal Earnings: US$350.3bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 42.4x202320242025
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 50.3x which is higher than its 3-year average PE of 42.4x.
  • The 3-year average PS ratio of 6.5x 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 5.8% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market0.20%
Tech1.19%
Communications5.54%
Tech Hardware5.43%
Semiconductors3.00%
IT0.92%
Electronic Equipment and Components-0.50%
Software-2.41%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 46.6x.
    • Analysts are expecting annual earnings growth of 22.7%, which is higher than its past year's earnings decline of 0.6% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 30.3x.
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 decline of 0.6% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 9.3% 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$220.036.0%
+US$181.5b		3.2%PE32.9x
NVDA NVIDIAUS$180.774.1%
+US$172.0b		72.6%PE57.5x
PLTR Palantir TechnologiesUS$182.2015.1%
+US$58.5b		522.3%PE566.3x
AVGO BroadcomUS$303.763.4%
+US$47.3b		108.4%PE107.9x
SHOP ShopifyUS$151.0723.6%
+US$37.8b		120.4%PE83.7x

Latest News

CRM
US$240.88
Salesforce
7D
-6.8%
1Y
-3.3%
AAPL
US$220.03
Apple
7D
6.0%
1Y
3.2%
FTNT
US$75.30
Fortinet
7D
-24.6%
1Y
9.6%
MSFT
US$520.84
Microsoft
7D
-2.4%
1Y
29.3%
APP
US$437.34
AppLovin
7D
11.9%
1Y
470.0%
ORCL
US$249.39
Oracle
7D
-1.7%
1Y
93.4%
SHOP
US$151.07
Shopify
7D
23.6%
1Y
120.4%
ANET
US$139.28
Arista Networks
7D
13.0%
1Y
66.6%
IT
US$229.69
Gartner
7D
-32.2%
1Y
-52.0%
PLTR
US$182.20
Palantir Technologies
7D
15.1%
1Y
522.3%
AVGO
US$303.76
Broadcom
7D
3.4%
1Y
108.4%
FIG
US$78.24
Figma
7D
-32.3%
1Y
n/a

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Jul 31
NOW
US$874.12
ServiceNow
7D
-7.3%
1Y
9.8%
CRWV
US$121.08
CoreWeave
7D
16.3%
1Y
n/a
ACN
US$241.72
Accenture
7D
-9.5%
1Y
-23.5%
NVDA
US$180.77
NVIDIA
7D
4.1%
1Y
72.6%