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U.S. Tech Sector Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies989
  • 7D1.0%
  • 3M-6.7%
  • 1Y22.2%
  • YTD-0.8%

Last week, the Tech industry hasn't moved much but NVIDIA is up 4.1% in that time. As for the the longer term, the industry is up 22% over the past 12 months. Looking forward, 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
Fri, 30 Jan 2026US$22.9tUS$2.6tUS$520.3b30.8x44x8.8x
Sun, 28 Dec 2025US$22.9tUS$2.6tUS$506.9b30.7x45.1x8.8x
Tue, 25 Nov 2025US$21.7tUS$2.6tUS$492.7b29x44x8.4x
Thu, 23 Oct 2025US$22.8tUS$2.5tUS$439.2b30x52x9.1x
Sat, 20 Sep 2025US$22.0tUS$2.5tUS$435.4b31.4x50.4x8.9x
Mon, 18 Aug 2025US$21.1tUS$2.4tUS$418.3b27.8x50.5x8.7x
Wed, 16 Jul 2025US$20.0tUS$2.4tUS$393.2b28.9x50.9x8.4x
Fri, 13 Jun 2025US$18.7tUS$2.4tUS$390.6b28.1x47.8x7.8x
Sun, 11 May 2025US$16.8tUS$2.3tUS$383.7b25.7x43.7x7.1x
Tue, 08 Apr 2025US$14.2tUS$2.3tUS$386.8b24.2x36.6x6.1x
Thu, 06 Mar 2025US$17.0tUS$2.3tUS$378.8b28.9x44.9x7.3x
Sat, 01 Feb 2025US$18.1tUS$2.3tUS$370.8b33.3x48.8x7.9x
Mon, 30 Dec 2024US$18.7tUS$2.3tUS$366.9b32.1x51x8.3x
Wed, 27 Nov 2024US$18.1tUS$2.2tUS$361.4b33.1x50x8x
Fri, 25 Oct 2024US$17.7tUS$2.2tUS$376.4b30x46.9x8.1x
Sun, 22 Sep 2024US$17.0tUS$2.2tUS$375.4b28.8x45.2x7.8x
Tue, 20 Aug 2024US$16.8tUS$2.1tUS$368.0b29.8x45.7x7.9x
Thu, 18 Jul 2024US$17.4tUS$2.1tUS$363.1b31.5x48x8.2x
Sat, 15 Jun 2024US$16.9tUS$2.1tUS$360.4b29.2x46.9x8x
Mon, 13 May 2024US$14.5tUS$2.0tUS$337.0b30.1x43x7.1x
Wed, 10 Apr 2024US$14.6tUS$2.0tUS$328.6b28.8x44.3x7.1x
Fri, 08 Mar 2024US$14.9tUS$2.0tUS$327.8b28.5x45.5x7.3x
Sun, 04 Feb 2024US$14.2tUS$2.1tUS$305.8b26.6x46.3x6.9x
Tue, 02 Jan 2024US$13.4tUS$2.1tUS$292.6b26.1x45.9x6.5x
Thu, 30 Nov 2023US$12.7tUS$2.0tUS$291.1b25.5x43.8x6.2x
Sat, 28 Oct 2023US$11.2tUS$2.0tUS$278.4b22.2x40.1x5.5x
Mon, 25 Sep 2023US$11.5tUS$2.0tUS$273.1b24.4x41.9x5.6x
Wed, 23 Aug 2023US$11.7tUS$2.0tUS$264.8b24.4x44x5.7x
Fri, 21 Jul 2023US$12.3tUS$2.0tUS$257.9b25.3x47.5x6x
Sun, 18 Jun 2023US$11.9tUS$2.0tUS$264.4b24.9x45.2x5.9x
Tue, 16 May 2023US$10.5tUS$2.0tUS$262.3b23x39.9x5.2x
Thu, 13 Apr 2023US$10.1tUS$2.0tUS$274.9b22.8x36.6x5x
Sat, 11 Mar 2023US$10.6tUS$2.3tUS$298.6b21.8x35.7x4.7x
Mon, 06 Feb 2023US$11.2tUS$2.2tUS$314.5b25.4x35.5x5x
Price to Earnings Ratio

35.5x


Total Market Cap: US$11.2tTotal Earnings: US$314.5bTotal Revenue: US$2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tech Sector Price to Earnings3Y Average 45.2x202420252026
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 45.2x.
  • The 3-year average PS ratio of 7.2x is lower than the industry's current PS ratio of 8.8x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Market0.25%
Tech0.98%
Communications5.31%
Tech Hardware4.64%
Semiconductors3.33%
Electronic Equipment and Components0.67%
IT0.21%
Software-4.43%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 52.6x.
    • Analysts are expecting annual earnings growth of 25.5%, which is higher than its past year's earnings growth of 4.9% 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 32.6x.
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 4.9% 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
NVDA NVIDIAUS$192.514.1%
+US$186.4b		54.4%PE47.2x
AAPL AppleUS$258.284.1%
+US$150.5b		9.4%PE33.9x
MU Micron TechnologyUS$435.799.6%
+US$43.0b		371.1%PE41.2x
LRCX Lam ResearchUS$248.1712.4%
+US$33.3b		207.4%PE50x
AVGO BroadcomUS$330.731.6%
+US$24.8b		53.4%PE67.8x

Latest News

INTC
US$48.66
Intel
7D
-10.4%
1Y
143.2%

Improved Revenues Required Before Intel Corporation (NASDAQ:INTC) Stock's 30% Jump Looks Justified

Jan 30
Improved Revenues Required Before Intel Corporation (NASDAQ:INTC) Stock's 30% Jump Looks Justified
INTU
US$502.98
Intuit
7D
-8.2%
1Y
-16.8%
AAPL
US$258.28
Apple
7D
4.1%
1Y
9.4%
STX
US$446.57
Seagate Technology Holdings
7D
28.9%
1Y
354.4%
KLAC
US$1,684.71
KLA
7D
12.3%
1Y
126.9%
NOW
US$116.73
ServiceNow
7D
-9.2%
1Y
-42.4%
LRCX
US$248.17
Lam Research
7D
12.4%
1Y
207.4%
MSFT
US$433.50
Microsoft
7D
-3.9%
1Y
4.5%
ORCL
US$169.01
Oracle
7D
-5.1%
1Y
-0.8%
TXN
US$218.97
Texas Instruments
7D
12.3%
1Y
18.2%
NVDA
US$192.51
NVIDIA
7D
4.1%
1Y
54.4%
ACN
US$261.22
Accenture
7D
-8.4%
1Y
-31.4%

ACN: GenAI Modernization Partnerships And Cannibalization Risks Will Steer Future Returns

Analysts have nudged their fair value estimate for Accenture higher to about $292, a move of roughly $3, as recent research highlights renewed interest in the stock, supported by fresh coverage and upward price target revisions tied to GenAI driven enterprise modernization potential. Analyst Commentary Bullish Takeaways Bullish analysts see Accenture as a relatively attractive way to gain exposure to GenAI driven enterprise modernization, with the current valuation framed as reasonable versus its own history.
CRM
US$214.08
Salesforce
7D
-6.1%
1Y
-37.7%

CRM: AI Adoption And 2026 Setup Will Support Durable Long Term Shareholder Value

Salesforce's analyst price target edges higher by $8 to $338, as analysts highlight a supportive 2026 setup for software, stable macro and IT spending, relatively low sector valuations, and potential benefits from artificial intelligence adoption alongside improving company key performance indicators. Analyst Commentary Recent research points to a generally constructive tone around Salesforce, with several firms updating their views as they look ahead to 2026 and the role artificial intelligence could play in the broader software group.
AVGO
US$330.73
Broadcom
7D
1.6%
1Y
53.4%

AVGO: AI Custom Silicon Demand Will Drive Future Risk Reward Profile

Analysts raised their Broadcom fair value estimate from $403.66 to $456.56, reflecting expectations for higher projected revenue growth, slightly stronger profit margins, and a more moderate future P/E multiple supported by recent positive research on AI-related demand and custom silicon exposure. Analyst Commentary Recent Street research on Broadcom clusters around AI exposure, custom silicon, and the implications for valuation, margins, and long term growth execution.
MU
US$435.79
Micron Technology
7D
9.6%
1Y
371.1%

MU: AI Memory Supercycle Hype Will Eventually Meet New DRAM Capacity

Our fair value estimate for Micron Technology has been adjusted higher to US$176.14 from US$171.83, reflecting analysts' higher price targets and rationale around tight DRAM supply, strong AI driven memory demand, and expectations for improved margins and earnings power. Analyst Commentary Recent research has generally pointed to tight DRAM conditions, AI related memory demand, and constrained high bandwidth memory supply as key themes for Micron.
PLTR
US$151.86
Palantir Technologies
7D
-8.5%
1Y
87.0%