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ProCap Insights · May 11, 2026

Tech stocks keep getting cheaper even as their prices go up. Look at these 2 names.

The S&P 500 Information Technology sector is up 21.9% year to date, yet the forward price-to-earnings multiple for the largest tech names has fallen by double digits over the same window. Tech-sector earnings grew 41% in Q1 against a roughly 22% price gain, which is the only way both can be true.

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