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 12 Sept 2026
US Technology is outperforming the S&P 500 and still gaining ground (the leading zone of the rotation chart). It is down 0.3% over the past month but up 72.8% year to date. 12 of 20 stocks are above their 50-day average. On 3-month relative strength, DELL.US, PLTR.US and MSFT.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
- DELL.US+11.98%+0.60%
- CSCO.US+4.37%+0.22%
- ARM.US+4.17%+0.21%
Top 3 account for 44% of the total move.
Contribution is each holding's weight times its one-day move.
Emerging leaders (3-month rank)
- 1DELL.US+2
- 2PLTR.US+18
- 3MSFT.US+16
- 4AAPL.US+13
- 5AMD.US-1
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. | $332.27 | +1.75% | 5.0% | +0.09% |
AMAT.US | Applied Materials Inc | $456.49 | +0.55% | 5.0% | +0.03% |
AMD.US | Advanced Micro Devices Inc | $516.13 | +2.49% | 5.0% | +0.12% |
ARM.US | Arm Holdings plc American Depositary Shares | $264.79 | +4.17% | 5.0% | +0.21% |
ASML.US | ASML Holding NV ADR | $1,698.30 | +0.64% | 5.0% | +0.03% |
AVGO.US | Broadcom Inc | $361.99 | +0.32% | 5.0% | +0.02% |
CSCO.US | Cisco Systems Inc | $112.13 | +4.37% | 5.0% | +0.22% |
DELL.US | Dell Technologies Inc | $567.29 | +11.98% | 5.0% | +0.60% |
IBM.US | International Business Machines | $243.29 | +3.96% | 5.0% | +0.20% |
INTC.US | Intel Corporation | $102.94 | +2.61% | 5.0% | +0.13% |
KLAC.US | KLA Corporation | $180.64 | +1.95% | 5.0% | +0.10% |
LRCX.US | Lam Research Corp | $298.22 | +0.07% | 5.0% | +0.00% |
MSFT.US | Microsoft Corporation | $495.63 | +0.65% | 5.0% | +0.03% |
MU.US | Micron Technology Inc | $975.26 | -0.22% | 5.0% | -0.01% |
NVDA.US | NVIDIA Corporation | $218.29 | -0.03% | 5.0% | -0.00% |
ORCL.US | Oracle Corporation | $150.28 | -1.74% | 5.0% | -0.09% |
PLTR.US | Palantir Technologies Inc. | $167.23 | +0.83% | 5.0% | +0.04% |
SNDK.US | Sandisk Corp | $1,633.35 | -3.50% | 5.0% | -0.17% |
TSM.US | Taiwan Semiconductor Manufacturing | $433.24 | +1.22% | 5.0% | +0.06% |
TXN.US | Texas Instruments Incorporated | $268.70 | +3.82% | 5.0% | +0.19% |
AAPL.US
Apple Inc.
- Last
- $332.27
- 1D
- +1.75%
- Weight
- 5.0%
- Contribution
- +0.09%
AMAT.US
Applied Materials Inc
- Last
- $456.49
- 1D
- +0.55%
- Weight
- 5.0%
- Contribution
- +0.03%
AMD.US
Advanced Micro Devices Inc
- Last
- $516.13
- 1D
- +2.49%
- Weight
- 5.0%
- Contribution
- +0.12%
ARM.US
Arm Holdings plc American Depositary Shares
- Last
- $264.79
- 1D
- +4.17%
- Weight
- 5.0%
- Contribution
- +0.21%
ASML.US
ASML Holding NV ADR
- Last
- $1,698.30
- 1D
- +0.64%
- Weight
- 5.0%
- Contribution
- +0.03%
AVGO.US
Broadcom Inc
- Last
- $361.99
- 1D
- +0.32%
- Weight
- 5.0%
- Contribution
- +0.02%
CSCO.US
Cisco Systems Inc
- Last
- $112.13
- 1D
- +4.37%
- Weight
- 5.0%
- Contribution
- +0.22%
DELL.US
Dell Technologies Inc
- Last
- $567.29
- 1D
- +11.98%
- Weight
- 5.0%
- Contribution
- +0.60%
IBM.US
International Business Machines
- Last
- $243.29
- 1D
- +3.96%
- Weight
- 5.0%
- Contribution
- +0.20%
INTC.US
Intel Corporation
- Last
- $102.94
- 1D
- +2.61%
- Weight
- 5.0%
- Contribution
- +0.13%
KLAC.US
KLA Corporation
- Last
- $180.64
- 1D
- +1.95%
- Weight
- 5.0%
- Contribution
- +0.10%
LRCX.US
Lam Research Corp
- Last
- $298.22
- 1D
- +0.07%
- Weight
- 5.0%
- Contribution
- +0.00%
MSFT.US
Microsoft Corporation
- Last
- $495.63
- 1D
- +0.65%
- Weight
- 5.0%
- Contribution
- +0.03%
MU.US
Micron Technology Inc
- Last
- $975.26
- 1D
- -0.22%
- Weight
- 5.0%
- Contribution
- -0.01%
NVDA.US
NVIDIA Corporation
- Last
- $218.29
- 1D
- -0.03%
- Weight
- 5.0%
- Contribution
- -0.00%
ORCL.US
Oracle Corporation
- Last
- $150.28
- 1D
- -1.74%
- Weight
- 5.0%
- Contribution
- -0.09%
PLTR.US
Palantir Technologies Inc.
- Last
- $167.23
- 1D
- +0.83%
- Weight
- 5.0%
- Contribution
- +0.04%
SNDK.US
Sandisk Corp
- Last
- $1,633.35
- 1D
- -3.50%
- Weight
- 5.0%
- Contribution
- -0.17%
TSM.US
Taiwan Semiconductor Manufacturing
- Last
- $433.24
- 1D
- +1.22%
- Weight
- 5.0%
- Contribution
- +0.06%
TXN.US
Texas Instruments Incorporated
- Last
- $268.70
- 1D
- +3.82%
- Weight
- 5.0%
- Contribution
- +0.19%
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.