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U.S. Tech Sector Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies972
  • 7D-2.5%
  • 3M3.2%
  • 1Y19.7%
  • YTD22.6%

Over the last 7 days, the Tech industry has dropped 2.5%, driven by NVIDIA declining 4.1%. Over the past 12 months, the industry was up 20%. 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
Sat, 13 Dec 2025US$23.1tUS$2.6tUS$503.6b31.1x45.8x8.9x
Mon, 10 Nov 2025US$22.8tUS$2.5tUS$478.4b30.2x47.6x9x
Wed, 08 Oct 2025US$22.9tUS$2.5tUS$439.1b31.2x52.1x9.2x
Fri, 05 Sep 2025US$20.8tUS$2.5tUS$429.6b28.3x48.3x8.5x
Sun, 03 Aug 2025US$20.3tUS$2.4tUS$413.0b27.6x49.1x8.4x
Tue, 01 Jul 2025US$19.6tUS$2.4tUS$393.2b28.8x49.8x8.2x
Thu, 29 May 2025US$18.0tUS$2.4tUS$386.0b27.4x46.6x7.6x
Sat, 26 Apr 2025US$15.8tUS$2.3tUS$386.0b26x41x6.8x
Mon, 24 Mar 2025US$16.6tUS$2.3tUS$386.9b27.2x42.9x7.1x
Wed, 19 Feb 2025US$18.9tUS$2.3tUS$369.6b32.1x51x8.2x
Fri, 17 Jan 2025US$18.3tUS$2.3tUS$367.0b33.3x49.8x8.1x
Sun, 15 Dec 2024US$18.8tUS$2.3tUS$363.6b32.5x51.6x8.3x
Tue, 12 Nov 2024US$18.3tUS$2.2tUS$349.2b33.7x52.3x8.2x
Thu, 10 Oct 2024US$17.4tUS$2.2tUS$378.2b30.3x46x8x
Sat, 07 Sep 2024US$15.6tUS$2.2tUS$374.5b27.2x41.7x7.2x
Mon, 05 Aug 2024US$15.6tUS$2.1tUS$363.3b29.6x42.9x7.3x
Wed, 03 Jul 2024US$17.1tUS$2.1tUS$362.9b30.7x47x8.1x
Fri, 31 May 2024US$15.1tUS$2.1tUS$351.1b29.8x43.1x7.3x
Sun, 28 Apr 2024US$14.2tUS$2.1tUS$335.6b28.4x42.3x6.9x
Tue, 26 Mar 2024US$14.9tUS$2.0tUS$328.6b27.7x45.5x7.3x
Thu, 22 Feb 2024US$14.0tUS$2.0tUS$311.6b27.1x44.9x6.9x
Sat, 20 Jan 2024US$13.9tUS$2.0tUS$292.0b26.4x47.4x6.8x
Mon, 18 Dec 2023US$13.4tUS$2.1tUS$293.6b26.5x45.5x6.5x
Wed, 15 Nov 2023US$12.3tUS$2.0tUS$280.4b24.2x43.9x6x
Fri, 13 Oct 2023US$12.0tUS$2.0tUS$270.1b24.7x44.2x5.9x
Sun, 10 Sep 2023US$12.0tUS$2.0tUS$272.9b24.3x43.8x5.9x
Tue, 08 Aug 2023US$11.9tUS$2.0tUS$262.2b25.3x45.5x5.9x
Thu, 06 Jul 2023US$12.0tUS$2.0tUS$258.1b24.7x46.3x5.9x
Sat, 03 Jun 2023US$11.5tUS$2.0tUS$264.1b24.6x43.7x5.7x
Mon, 01 May 2023US$10.3tUS$2.0tUS$265.6b20.9x38.9x5.1x
Wed, 29 Mar 2023US$9.9tUS$2.0tUS$278.2b22.3x35.7x4.9x
Fri, 24 Feb 2023US$10.9tUS$2.3tUS$295.6b23.4x36.7x4.8x
Sun, 22 Jan 2023US$10.3tUS$2.2tUS$327.5b23.5x31.5x4.6x
Tue, 20 Dec 2022US$9.8tUS$2.3tUS$330.1b21.6x29.7x4.4x
Price to Earnings Ratio

29.7x


Total Market Cap: US$9.8tTotal Earnings: US$330.1bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 44.6x202320242025
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 44.6x.
  • The 3-year average PS ratio of 7.0x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Market-0.66%
Tech-2.47%
IT0.32%
Tech Hardware-0.23%
Communications-0.74%
Electronic Equipment and Components-1.68%
Software-1.89%
Semiconductors-4.45%
Industry PE
  • Investors are most optimistic about the IT industry even though it's trading below its 3-year average PE ratio of 68.8x.
    • Analysts are expecting annual earnings growth of 19.8%, which is higher than its past year's earnings growth of 17.1% 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 31.9x.
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 4.7% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 8.9% 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
MU Micron TechnologyUS$241.141.7%
+US$4.4b		135.3%PE31.7x
PLTR Palantir TechnologiesUS$183.571.0%
+US$4.3b		141.3%PE399.4x
ADBE AdobeUS$356.432.9%
+US$4.3b		-23.5%PE20.9x
SHOP ShopifyUS$164.191.9%
+US$4.0b		43.2%PE120x
QCOM QUALCOMMUS$178.292.0%
+US$3.3b		12.5%PE34.3x

Latest News

MRVL
US$84.43
Marvell Technology
7D
-14.6%
1Y
-30.1%
WDC
US$176.34
Western Digital
7D
4.4%
1Y
170.8%
AVGO
US$359.93
Broadcom
7D
-7.8%
1Y
60.1%
AMD
US$210.78
Advanced Micro Devices
7D
-3.3%
1Y
66.1%
MSFT
US$478.53
Microsoft
7D
-1.0%
1Y
7.0%
INTC
US$37.81
Intel
7D
-8.7%
1Y
85.9%
ADBE
US$356.43
Adobe
7D
2.9%
1Y
-23.5%
ORCL
US$189.97
Oracle
7D
-12.7%
1Y
9.6%
CFLT
US$30.05
Confluent
7D
29.9%
1Y
-1.4%

CFLT: Sale Exploration And Cloud Stabilization Will Shape Future Share Performance

Analysts have nudged their fair value estimate for Confluent higher from approximately $27.87 to $30.77 per share, reflecting increased confidence in stabilizing cloud consumption, stronger than expected subscription and cloud growth, and improved execution that has driven a series of upward price target revisions across the Street. Analyst Commentary Recent Street research has skewed clearly positive, with multiple firms lifting price targets in response to Confluent's improving cloud trends, stronger than expected subscription performance, and a more constructive demand backdrop.
QCOM
US$178.29
QUALCOMM
7D
2.0%
1Y
12.5%

QCOM: Premium Android Strength And Emerging AI Inference Will Drive Balanced Future Outcomes

Analysts have modestly raised their price target on Qualcomm to about $205, citing broad based strength in premium Android handsets, autos and IoT; a solid earnings beat; and growing optionality from the company’s emerging AI and data center accelerator initiatives. Analyst Commentary Bullish analysts see Qualcomm's latest quarter as reinforcing a multi year growth narrative, with upside driven by premium Android share gains, expanding auto and IoT businesses, and early traction in AI accelerators.
APH
US$129.24
Amphenol
7D
-7.3%
1Y
75.5%
SHOP
US$164.19
Shopify
7D
1.9%
1Y
43.2%
NVDA
US$175.02
NVIDIA
7D
-4.1%
1Y
30.4%
PLTR
US$183.57
Palantir Technologies
7D
1.0%
1Y
141.3%
MU
US$241.14
Micron Technology
7D
1.7%
1Y
135.3%
ACN
US$271.56
Accenture
7D
1.9%
1Y
-24.3%