This tracks how US Technology is performing against the S&P 500: the relative-strength read traders use to find sectors gaining momentum and the strongest stocks within them. Look for three things: whether it is gaining or losing ground on the index, whether the move is broad or led by a few large names, and which stocks lead on relative strength.
Current read · as at 3 July 2026
US Technology is outperforming the S&P 500 but losing momentum (the weakening zone of the rotation chart). It is down 10.1% over the past month but up 66.0% year to date. 13 of 20 stocks are above their 50-day average, with broad participation across the sector. On 3-month relative strength, AMD.US, INTC.US and SNDK.US lead the sector.
Relative strength is measured against S&P 500, centred at 100. Above 100 means it outpaced the benchmark.
Performance charts
Rebased to 100 vs S&P 500
End of day
Equal-weight tracks the typical stock (sector breadth); Cap-weight is driven by the largest names. The gap between them shows how broad the move is.
US Technology vs S&P 500
Rising = outperforming
100 = matches benchmark. Above = outpacing it; below = lagging.
Equal-weight minus cap-weight
Participation, not a forecast
Above zero = broad participation (typical stock leading the largest names); below zero = narrow, megacap-driven.
What's underneath the leaders
End of day
Latest-day drivers
- SNDK.US-14.13%-0.71%
- KLAC.US-11.51%-0.58%
- LRCX.US-10.19%-0.51%
Top 3 account for 36% of the total move.
Contribution is each holding's weight times its one-day move.
Emerging leaders (3-month rank)
- 1AMD.US+11
- 2INTC.US+7
- 3SNDK.US-2
- 4DELL.US+1
- 5MU.US-3
Rank 1 = strongest 3-month move. Delta is the rank change; positive means improving.
Breadth and Effective N measure how widely the basket is moving right now — a participation gauge, not a forecast.
Constituents
Weights and contribution to the basket move
AAPL.US | Apple Inc. | $308.63 | +4.84% | 5.0% | +0.24% |
AMAT.US | Applied Materials Inc | $603.04 | -7.35% | 5.0% | -0.37% |
AMD.US | Advanced Micro Devices Inc | $517.82 | -4.26% | 5.0% | -0.21% |
ARM.US | Arm Holdings plc American Depositary Shares | $315.28 | -6.58% | 5.0% | -0.33% |
ASML.US | ASML Holding NV ADR | $1,769.3199 | -4.00% | 5.0% | -0.20% |
AVGO.US | Broadcom Inc | $360.45 | -2.41% | 5.0% | -0.12% |
CSCO.US | Cisco Systems Inc | $112.69 | -3.69% | 5.0% | -0.18% |
DELL.US | Dell Technologies Inc | $394.32 | -7.27% | 5.0% | -0.36% |
IBM.US | International Business Machines | $289.52 | +1.14% | 5.0% | +0.06% |
INTC.US | Intel Corporation | $120.35 | -5.25% | 5.0% | -0.26% |
KLAC.US | KLA Corporation | $235.55 | -11.51% | 5.0% | -0.58% |
LRCX.US | Lam Research Corp | $351.41 | -10.19% | 5.0% | -0.51% |
MSFT.US | Microsoft Corporation | $390.49 | +1.62% | 5.0% | +0.08% |
MU.US | Micron Technology Inc | $975.56 | -5.49% | 5.0% | -0.27% |
NVDA.US | NVIDIA Corporation | $194.83 | -1.39% | 5.0% | -0.07% |
ORCL.US | Oracle Corporation | $140.27 | -1.56% | 5.0% | -0.08% |
PLTR.US | Palantir Technologies Inc. | $129.30 | +2.84% | 5.0% | +0.14% |
SNDK.US | Sandisk Corp | $1,745.00 | -14.13% | 5.0% | -0.71% |
TSM.US | Taiwan Semiconductor Manufacturing | $434.16 | -2.27% | 5.0% | -0.11% |
TXN.US | Texas Instruments Incorporated | $293.08 | -1.79% | 5.0% | -0.09% |
AAPL.US
Apple Inc.
- Last
- $308.63
- 1D
- +4.84%
- Weight
- 5.0%
- Contribution
- +0.24%
AMAT.US
Applied Materials Inc
- Last
- $603.04
- 1D
- -7.35%
- Weight
- 5.0%
- Contribution
- -0.37%
AMD.US
Advanced Micro Devices Inc
- Last
- $517.82
- 1D
- -4.26%
- Weight
- 5.0%
- Contribution
- -0.21%
ARM.US
Arm Holdings plc American Depositary Shares
- Last
- $315.28
- 1D
- -6.58%
- Weight
- 5.0%
- Contribution
- -0.33%
ASML.US
ASML Holding NV ADR
- Last
- $1,769.3199
- 1D
- -4.00%
- Weight
- 5.0%
- Contribution
- -0.20%
AVGO.US
Broadcom Inc
- Last
- $360.45
- 1D
- -2.41%
- Weight
- 5.0%
- Contribution
- -0.12%
CSCO.US
Cisco Systems Inc
- Last
- $112.69
- 1D
- -3.69%
- Weight
- 5.0%
- Contribution
- -0.18%
DELL.US
Dell Technologies Inc
- Last
- $394.32
- 1D
- -7.27%
- Weight
- 5.0%
- Contribution
- -0.36%
IBM.US
International Business Machines
- Last
- $289.52
- 1D
- +1.14%
- Weight
- 5.0%
- Contribution
- +0.06%
INTC.US
Intel Corporation
- Last
- $120.35
- 1D
- -5.25%
- Weight
- 5.0%
- Contribution
- -0.26%
KLAC.US
KLA Corporation
- Last
- $235.55
- 1D
- -11.51%
- Weight
- 5.0%
- Contribution
- -0.58%
LRCX.US
Lam Research Corp
- Last
- $351.41
- 1D
- -10.19%
- Weight
- 5.0%
- Contribution
- -0.51%
MSFT.US
Microsoft Corporation
- Last
- $390.49
- 1D
- +1.62%
- Weight
- 5.0%
- Contribution
- +0.08%
MU.US
Micron Technology Inc
- Last
- $975.56
- 1D
- -5.49%
- Weight
- 5.0%
- Contribution
- -0.27%
NVDA.US
NVIDIA Corporation
- Last
- $194.83
- 1D
- -1.39%
- Weight
- 5.0%
- Contribution
- -0.07%
ORCL.US
Oracle Corporation
- Last
- $140.27
- 1D
- -1.56%
- Weight
- 5.0%
- Contribution
- -0.08%
PLTR.US
Palantir Technologies Inc.
- Last
- $129.30
- 1D
- +2.84%
- Weight
- 5.0%
- Contribution
- +0.14%
SNDK.US
Sandisk Corp
- Last
- $1,745.00
- 1D
- -14.13%
- Weight
- 5.0%
- Contribution
- -0.71%
TSM.US
Taiwan Semiconductor Manufacturing
- Last
- $434.16
- 1D
- -2.27%
- Weight
- 5.0%
- Contribution
- -0.11%
TXN.US
Texas Instruments Incorporated
- Last
- $293.08
- 1D
- -1.79%
- Weight
- 5.0%
- Contribution
- -0.09%
Last price shown at full precision. Contribution is each holding's weight times its one-day move. A dash marks data pending after the latest end-of-day refresh.
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Back to all US sectorsMethodology
Equal weighted. Membership is recalculated nightly from end-of-day data: active US common stocks in the Technology sector with a market cap of at least USD 1 billion and a 90-day average daily value traded of at least USD 5 million, ranked by market cap, top 20. The published index is equal-weighted, tracking the typical stock; a market-cap-weighted companion line (capped at 20% per stock) is shown for comparison. The gap between the two is a participation gauge, not a forecast.