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Tech sector market cap now aligns more closely with earnings than during the 2000 bubble peak.

Market News
24 May 2026
Seeking Alpha
View Source
Neutral
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The tech sector's market capitalization currently stands at about 37%, closely matching its earnings weight of 30.8%, a contrast to the late 1990s tech bubble when market cap was 33-35% but earnings weight was only 13%. Semiconductor stocks, a key driver this year, hold an 18.7% market cap weight versus a 15.1% earnings weight. Forward earnings per share estimates for the S&P 500 show no signs of slowing, indicating continued optimism in the market despite past tech bubble concerns.

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