Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Tech Sector Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies998
  • 7D3.1%
  • 3M24.6%
  • 1Y35.3%
  • YTD20.3%

The Tech industry is up 3.1% in the last week, with NVIDIA up 8.3%. Meanwhile, Intel actually underperformed within the industry, shrinking 8.7% in the last week. This takes the industry's 12 month performance to a gain of 35%. Earnings are forecast to grow by 22% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Jul 2026US$27.1tUS$2.9tUS$645.3b34.3x42x9.4x
Mon, 08 Jun 2026US$26.7tUS$2.8tUS$617.3b34.4x43.2x9.4x
Wed, 06 May 2026US$24.6tUS$2.8tUS$574.7b33.8x42.8x8.9x
Fri, 03 Apr 2026US$20.7tUS$2.7tUS$554.9b29.8x37.3x7.7x
Sun, 01 Mar 2026US$21.2tUS$2.7tUS$542.4b29.7x39.1x8x
Tue, 27 Jan 2026US$22.2tUS$2.6tUS$500.5b31.6x44.3x8.7x
Thu, 25 Dec 2025US$22.8tUS$2.6tUS$506.9b31.1x45.1x8.8x
Sat, 22 Nov 2025US$21.5tUS$2.6tUS$492.5b28.6x43.6x8.4x
Mon, 20 Oct 2025US$22.6tUS$2.5tUS$439.1b31.2x51.6x9.1x
Wed, 17 Sep 2025US$21.9tUS$2.5tUS$435.6b29.5x50.2x8.9x
Fri, 15 Aug 2025US$21.3tUS$2.4tUS$421.1b28.6x50.6x8.8x
Sun, 13 Jul 2025US$20.0tUS$2.4tUS$393.2b29.5x50.9x8.4x
Tue, 10 Jun 2025US$18.5tUS$2.4tUS$391.8b27.7x47.3x7.8x
Thu, 08 May 2025US$16.5tUS$2.3tUS$386.4b26.3x42.6x7x
Sat, 05 Apr 2025US$15.0tUS$2.3tUS$386.8b24.1x38.8x6.4x
Mon, 03 Mar 2025US$17.6tUS$2.3tUS$378.4b29.7x46.5x7.6x
Wed, 29 Jan 2025US$18.1tUS$2.3tUS$365.8b34.3x49.4x8x
Fri, 27 Dec 2024US$19.0tUS$2.3tUS$366.9b32.6x51.7x8.4x
Sun, 24 Nov 2024US$18.1tUS$2.3tUS$361.1b33x50.2x8.1x
Tue, 22 Oct 2024US$17.8tUS$2.2tUS$378.2b30.4x47x8.2x
Thu, 19 Sep 2024US$16.6tUS$2.2tUS$375.5b28.2x44.3x7.7x
Sat, 17 Aug 2024US$16.8tUS$2.1tUS$368.1b29x45.6x7.8x
Mon, 15 Jul 2024US$17.6tUS$2.1tUS$363.1b30.6x48.4x8.3x
Wed, 12 Jun 2024US$15.7tUS$2.1tUS$351.3b29.4x44.7x7.6x
Fri, 10 May 2024US$14.5tUS$2.0tUS$337.4b29.5x42.9x7.1x
Sun, 07 Apr 2024US$14.6tUS$2.0tUS$328.6b28.3x44.4x7.1x
Tue, 05 Mar 2024US$14.8tUS$2.0tUS$327.4b27.9x45.3x7.3x
Thu, 01 Feb 2024US$14.1tUS$2.1tUS$302.0b26.1x46.8x6.9x
Sat, 30 Dec 2023US$13.5tUS$2.1tUS$292.5b26.1x46.1x6.6x
Mon, 27 Nov 2023US$12.7tUS$2.0tUS$290.1b25x43.8x6.2x
Wed, 25 Oct 2023US$11.4tUS$2.0tUS$269.7b23.6x42.3x5.6x
Fri, 22 Sep 2023US$11.4tUS$2.0tUS$272.9b23.7x41.9x5.6x
Sun, 20 Aug 2023US$11.4tUS$2.0tUS$264.4b24.5x43.2x5.6x
Tue, 18 Jul 2023US$12.2tUS$2.0tUS$257.8b25.3x47.5x6x
Price to Earnings Ratio

47.5x


Total Market Cap: US$12.2tTotal Earnings: US$257.8bTotal Revenue: US$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.2x202420252026
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 42.0x which is lower than its 3-year average PE of 45.2x.
  • The 3-year average PS ratio of 7.6x is lower than the industry's current PS ratio of 9.4x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.74%
Tech3.08%
Communications8.63%
Semiconductors5.18%
Tech Hardware3.20%
IT1.67%
Software-1.23%
Electronic Equipment and Components-1.54%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 34.6x.
    • Analysts are expecting annual earnings growth of 27.0%, which is higher than its past year's earnings growth of 10.1% per year.
  • Investors are most pessimistic about the Software industry, which is trading below its 3-year average of 50.3x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 12% 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
NVDA NVIDIAUS$210.968.3%
+US$390.7b		27.9%PE32x
AVGO BroadcomUS$399.9711.0%
+US$188.0b		45.8%PE64.9x
AAPL AppleUS$315.322.2%
+US$98.3b		49.3%PE37.8x
AMD Advanced Micro DevicesUS$557.897.7%
+US$65.3b		281.0%PE184.4x
CSCO Cisco SystemsUS$121.317.6%
+US$34.0b		78.5%PE40x

Latest News

INTC
US$109.84
Intel
7D
-8.7%
1Y
368.8%
Seeking Alpha • 7m

Intel's Turnaround Is Accelerating (Rating Upgrade)

Summary Intel has recorded 32 upward EPS revisions and 32 upward revenue revisions with zero downgrades, signaling an unusually broad consensus upgrade. Consensus projects EPS to increase from $1.09 in FY26 to $12.29 by FY35, while revenue is expected to exceed $122.7 billion. Agentic AI is expanding server CPU demand, with the 2030 market opportunity rising to $223 billion, and a bullish scenario reaching $330 billion. Intel's 18A and 14A process technologies, combined with growing foundry partnerships, are reinforcing expectations for sustained multi-year revenue growth. The primary risk remains execution, as Intel has missed EPS in five of the last eight quarters despite beating revenue estimates in seven. Read the full article on Seeking Alpha
AVGO
US$399.97
Broadcom
7D
11.0%
1Y
45.8%
AAPL
US$315.32
Apple
7D
2.2%
1Y
49.3%
NVDA
US$210.96
NVIDIA
7D
8.3%
1Y
27.9%
PLTR
US$126.79
Palantir Technologies
7D
-1.9%
1Y
-10.8%
MSFT
US$385.10
Microsoft
7D
-1.4%
1Y
-23.5%
APH
US$159.06
Amphenol
7D
-3.4%
1Y
61.1%
Seeking Alpha • 22h

Amphenol Is A Force To Reckon With

Summary Amphenol is well-positioned as Nvidia’s primary connector supplier, benefiting from hyperscaler AI data center capex and robust IT Datacom growth. APH’s IT Datacom segment contributed 41% of revenues in Q1 2026. Strong execution is reflected in APH’s 26% operating and 30% cash flow margins, even amid ongoing acquisitions and integration. Amphenol's strength with over 50 acquisitions in 10 years gives it competitive advantages of scale, product width, and switching costs. While inorganic growth expands competitiveness, it introduces margin pressures and makes execution critical, especially as other segments grow only in the mid-to-high teens. Read the full article on Seeking Alpha
SNDK
US$1,915.92
Sandisk
7D
9.8%
1Y
4,056.9%
Narrative Update • Jul 10

SNDK: AI Supply Deals And Tight Memory Support Further Upside Potential

SanDisk's analyst price target has been raised from $322.0 to $3,250.0 as analysts factor in a tight NAND supply backdrop, new long-term memory agreements with firmer pricing, and stronger assumed profit margins, despite moderating revenue growth expectations and a higher future P/E multiple. Analyst Commentary Recent Street research on SanDisk leans clearly positive, with a series of higher price targets and rating upgrades clustered around similar themes, including tight memory supply, firmer pricing and growing confidence in long-term demand for NAND and DRAM tied to AI and data center spending.
APP
US$506.98
AppLovin
7D
-3.8%
1Y
51.3%
ANET
US$186.96
Arista Networks
7D
16.9%
1Y
72.2%
AMD
US$557.89
Advanced Micro Devices
7D
7.7%
1Y
281.0%
CSCO
US$121.31
Cisco Systems
7D
7.6%
1Y
78.5%
CRWD
US$187.18
CrowdStrike Holdings
7D
-3.5%
1Y
56.5%
Seeking Alpha • Jul 09

CrowdStrike Is Riding The Perfect Wave, But The Market Already Knows

Summary CrowdStrike stands at the forefront of cybersecurity as AI-driven threats and agent adoption accelerate, driving heightened demand for its platform. CRWD’s land-and-expand strategy, high net retention (115% in 2026), and expanding RPO ($9B, +38% YoY) reinforce its competitive moat and indispensability. Despite leading innovation with AI Detection and Response (AIDR) and AgentWorks, CRWD trades at a steep premium (PE Non-GAAP 188x, EV/Sales 38x) versus peers. I recommend a Hold: while CRWD is well-positioned for AI security growth, its valuation is at least 5x higher than competitors with similarly promising prospects. Read the full article on Seeking Alpha
MRVL
US$235.81
Marvell Technology
7D
-3.9%
1Y
224.3%
Narrative Update • Jul 09

MRVL: AI Data Center Networking And Optics Will Drive Future Upside

Marvell Technology's updated analyst fair value estimate has shifted materially higher to about $372 from roughly $250, as analysts point to a larger AI data center and optical interconnect opportunity that is reflected in higher revenue growth assumptions and a richer future P/E multiple. Analyst Commentary Recent Street research around Marvell Technology has turned more constructive, with a cluster of higher fair value estimates and price targets that connect directly to the AI data center story, optical interconnect, and custom silicon programs.
PANW
US$325.91
Palo Alto Networks
7D
-6.4%
1Y
73.9%
DELL
US$434.97
Dell Technologies
7D
10.3%
1Y
243.0%
Seeking Alpha • Jul 07

Dell: I Would Wait For A Pullback To Enter The Stock

Summary Dell Technologies Inc. earns a Hold rating, as its stock has rapidly compressed a decade’s worth of re-rating into just six months. DELL’s AI-driven backlog exceeds $43B, with a broadening customer base and strong demand visibility, but memory cost inflation threatens EPS guidance. Operating margins remain resilient at 10.5% despite a dilutive mix shift, yet the fastest-growing AI server revenues are low-margin and cyclical. DELL stock's valuation is stretched versus peers like Hewlett Packard Enterprise, with Dell trading at premium multiples that may not be justified by its underlying business mix. Read the full article on Seeking Alpha