---
title: "Tech earnings surge as concentration risk nears 2000 levels"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286424278.md"
description: "Tech earnings have surged, with Q1 earnings growing over 50% year-over-year, while the forward P/E ratio has decreased to 23.6 from over 30 last year. However, top tech companies now represent over 40% of U.S. investable assets, a concentration level reminiscent of the 2000 bubble. The performance of the Magnificent Seven, which fell 40% in 2022 compared to the S&P's 18%, highlights the importance of diversification in investment portfolios."
datetime: "2026-05-14T13:21:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286424278.md)
  - [en](https://longbridge.com/en/news/286424278.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286424278.md)
---

# Tech earnings surge as concentration risk nears 2000 levels

Earnings beat valuations: Tech’s forward P/E has fallen to 23.6 from over 30 last year, even as Q1 earnings grew more than 50% year-over-year. Concentration at extremes: Top tech names now comprise over 40% of U.S. investable assets, a level not seen since the 2000 bubble. Portfolio risk lessons: In 2022, the Magnificent Seven fell 40% versus the S&P’s 18%, underscoring the need for diversification.

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