US Tech Market Treemap

by gwintrob • 8 months ago

121 54 8 months ago

This is cool.

It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change. When it comes to a high level view of the market, why would I care for a comparison of todays prices to ... YESTERDAY??

My first reaction was to look for a 10 year option. There is none, so I took the 5 year option. All of the big names roughly doubled or tripled over the last 5 years. Amazon lagging a bit behind. I could start to reason about the numbers but .. 5 years is just too short. I would play with it more if there was a 10 year option.

And I would love Love LOVE a European version of this.

chronil3058• 8 months ago

It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change.

Because earning 10% in passive index funds over 20-30 years will not make you rich.

Subtract taxes and inflation, and you’re at low single digit returns.

The average tech person “gambling” with stock picking will have the same quality of life as the passive index fund investor.

However the gambler has higher chance at generational wealth. The index fund investor does not.

nerdponx2• 8 months ago

the gambler has higher chance at generational wealth

And a symmetrically higher chance of ruin, and in the process the "averaged out" gain might actually be worse than the index investor after taxes, fees, and inflation are factored in.

HPsquared2• 8 months ago

They could save a lot of effort and take it to the casino.

cj• 8 months ago

Most people don’t invest in things with the explicit goal of getting rich.

Most average investors would be happy with guaranteed single digit returns, however boring.

malfist• 8 months ago

10% YoY in passive funds is amazing. You can absolutely get rich on that.

roenxi• 8 months ago

In defence of prices yesterday - the people who would use a tool like this the most are the traders since they are looking at the numbers every day, so it probably comes out of the trader community.

Real returns are expected to be in the 2-8% range which means that most people should be looking at timeframes around 10-50 year. Unfortunately at that range the money printing has a real impact so the chart needs to be adjusted for inflation and, realistically, changes in the money supply [0] and so it is more work for the implementer.

[0] If it hasn't gone up 33% since 2020 it probably lost value in real terms.

Karrot_Kream• 8 months ago

It tells you something about how much a gambling place the market is when a site like this has a one day default for the price change. When it comes to a high level view of the market, why would I care for a comparison of todays prices to ... YESTERDAY??

Treeviews are pretty common views for traders trying to get into new markets. Just like a software engineer understands that the backbone of our networks is retries and waits, traders will create funds that smooth over this kind of daily volatility for people that just want to have their capital appreciate. Imagine explaining to a non software engineer that actually things on the internet are failing all the time and turning them off and on again (retries) is actually how we make sure it all works ;) (and obviously the math that underpins it all is pretty much the same. Networks and markets run on RVs and time-series.)

There is undoubtedly European versions of this btw. If I get around to it after work I'll try and post some.

hnthrowawayacct• 8 months ago

why is hims and hers listed as a tech company?

Terr_• 8 months ago

It looks like the company (ticker: HIMS) has made a lot of noise about being an AI-enabled telehealth company etc., so it might be one of those "because it's on the internet" things.

lotsofpulp• 8 months ago

If Netflix is a tech company, why aren’t any of the other streaming businesses?

I guess that’s just Comcast and Disney, since Paramount went private, and WarnerBros is about to also.

is_true• 8 months ago

In my experience using both Netflix and Disney+ I have to say that Netflix is clearly a tech company or Disney+ is a pigeon carrier company.

mbesto• 8 months ago

Tech isn't a market thats why.... but there is a narrative that it is.

Tesla is an automobile, solar and robotics company.

Facebook is a media company.

Google is a highly diversified media company.

The list goes on and on...

Fun fact: Goldman Sachs spends $1.9B on technology ever year. Palantir spends about $1B (if you add COGS/Infra + R&D).

francisofascii• 8 months ago

Maybe because it's HQ is in the Bay area? :)

krkb9• 8 months ago

Great question. I included them because they would argue very tech enabled. Also, around $10B market cap cutoff. In a future iteration I may make it so you can edit which companies get displayed...if that's interesting to people.

irrpy• 8 months ago

Nice work. For more inspiration I would take a look at this website -> https://finviz.com/map.ashx

I use it all the time and its one of my favorite ways to visually see what is happening.

krkb9• 8 months ago

Yes, I love finviz. Lmk if you want any additional features implemented or are interested in helping build.

bigwheels• 8 months ago

What is the best way to get in touch with you?

CSMastermind• 8 months ago

I didn't realize that Doordash was doing so well.

krkb9• 8 months ago

Incredibly well

ghaff• 8 months ago

There are apparently a lot of people, if probably a small subset of the population, who will pay a big premium for delivered food.

darth_aardvark• 8 months ago

It's doing well, TODAY. 6% daily bumps are big but they happen all the time. Look at its performance over the past year for a better picture.

roughly• 8 months ago

At a glance, that’s what, 2/3rds of the market in 10 companies?

outside1234• 8 months ago

This is the scary thing about OpenAI. When the OpenAI bubble pops it is going to cause an immense amount of 401k pain for a lot of people.

krkb9• 8 months ago

Thinking of maybe including private companies on here some day too. A few people recommended.

BeetleB2• 8 months ago

OpenAI is not a public company - it shouldn't affect anyone's 401K.

avrionov2• 8 months ago

It will affect Microsoft, NVidia, Oracle at least and many other companies which have deals with them.

dmoy• 8 months ago

5 year view drops META, I guess it loses continuity with the previous ticker? That would be a cool bug to fix, because companies do switch stuff from time to time (see e.g. GOOG -> GOOG+GOOGL)

krkb9• 8 months ago

Yes, some of the data drops. That one is because of the ticker change I think. Would be glad to add it to the roadmap, but it's really just a fun internal tool turned side project for me, so please do lmk if you want to help.

sitzkrieg• 8 months ago

it would be nice to historically visualize splits and buybacks but this is a hard problem to display across broad markets nicely

krkb9• 8 months ago

Thanks for posting! If anyone is interested in the project and wants to help, please DM me. I made this as an internal tool for myself and shared it in case others found it cool. Plenty of roadmap / much more than I have time, so anyone is welcome to help if excited about where it can go: https://www.linkedin.com/in/konstantinebuhler/ https://x.com/Konstantine

rshanreddy• 8 months ago

Super clean and instantly legible. Great to have a clean, up-to-date tech-only treemap, glad this exists!

A few suggestions: 1) Sector/subsector drill-downs (AI, cloud, semis, autos) so you can zoom into sectors/clusters 2) Hover/tap cards with basics like revenue, P/E, EV/EBITDA, or YTD return 3) AI “explanations mode”: tap a ticker -> auto-generate a 1-sentence summary of why it moved today (“AMD up 3%: fabs reporting stronger wafer starts; NVDA sympathy move”)

Congrats on the ship @krkb :)

carabiner• 8 months ago

This, and pretty much every other hobby project posted on HN, gets blocked by my corporate firewall. Anyone know why this might be the case? I'm guessing it might be something to do with SSL but not sure. Otherwise my corp has unrestricted access to internet.

HPsquared2• 8 months ago

Can you view different dimensions? It'd be nice to see revenue, say, or profits. As in, allow changing the size metric

jeffbee• 8 months ago

It's totally wild to me that Cisco is still a top-20 entry on this map, in light of the fact that their products contain 100% frozen concentrated garbage juice and they haven't made anything that benefitted the customer in more than 20 years.

phailhaus• 8 months ago

Oh man being able to pick the time range is awesome. I hate hate hate standard financial data tables and how they just show you "today's performance". Absolutely useless, nobody in retail cares outside of gambling day traders. How is it that even giants like Fidelity can't get this right? I need to be able to see my portfolio's performance over the last month, year, 5 years!

eitally• 8 months ago

What's the conventional wisdom explanation for why the big enterprise SaaS vendors are all down 10-20%+ YTD. This holds for ServiceNow, Workday, and even Salesforce?

nathancspencer• 8 months ago

Not that I agree, but per-seat pricing, with forecasted lower seat growth of companies due to AI labor market displacement.

bigyabai• 8 months ago

They were overvalued.

3x3m3• 8 months ago

Can you include bitcoin?

krkb9• 8 months ago

Good idea

devops000• 8 months ago

Made with neural networks in San Francisco? (footer)

ryandrake• 8 months ago

Weird that they have EA but they don't have the even larger RBLX who seem to have built something closer to the Metaverse than even Meta has managed to do.

cyanydeez• 8 months ago

Someone do this but only for AI and show all the latest agreement to do wash trading with each other.

rmah• 8 months ago

I don't understand why tesla (a car manufacturer), uber (a ride services company), robinhood (financial services), doordash (meal delivery service) are in the treemap of "tech market" companies. OK, I take that back, I understand why (i.e. good PR by those companies to be included in a sector other than their own in order to get higher market valuations), I just don't agree with it.

nerdponx2• 8 months ago

A charitable interpretaion is that it's because they all got big and popular because they disrupted their respective markets with new technology. I'd agree with Tesla (legitimately new car technology) and Uber (lots of innovation behind the scenes to make it work), but not Robinhood. Airbnb is in there too and I think it's more questionable than Uber.

luckman212• 8 months ago

I'm no expert, but UBER with a current P/E of 11.7 is "cheaper" than 27 of the 30 Dow Jones Industrial stocks, and also well below the S&P500 long term historical average.

throwaway290• 8 months ago

Where's the tree?

killingtime742• 8 months ago

Missing quite a lot of big tech companies. Atlassian (39 billion)? Square/Block (37.86 billion)? Roblox? Is this just a random AI generated incomplete list?

krkb9• 8 months ago

You're right! Missing RBLX! Block is on there (XYZ). Atlassian is actually in Sydney and this one is just US (for now).

killingtime742• 8 months ago

Atlassian is listed on the NASDAQ though, domiciled in the United states.

US Tech Market Treemap

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