Back to Home11/14/2025, 4:42:12 PM

US Tech Market Treemap

117 points
53 comments

Mood

thoughtful

Sentiment

neutral

Category

tech

Key topics

US tech market

data visualization

market trends

Debate intensity20/100

A treemap visualization of the US tech market is shared, providing insights into the industry's structure and trends.

Snapshot generated from the HN discussion

Discussion Activity

Very active discussion

First comment

2h

Peak period

49

Day 1

Avg / period

49

Comment distribution49 data points

Based on 49 loaded comments

Key moments

  1. 01Story posted

    11/14/2025, 4:42:12 PM

    4d ago

    Step 01
  2. 02First comment

    11/14/2025, 6:24:51 PM

    2h after posting

    Step 02
  3. 03Peak activity

    49 comments in Day 1

    Hottest window of the conversation

    Step 03
  4. 04Latest activity

    11/15/2025, 6:40:19 AM

    4d ago

    Step 04

Generating AI Summary...

Analyzing up to 500 comments to identify key contributors and discussion patterns

Discussion (53 comments)
Showing 49 comments of 53
ArtTimeInvestor
4d ago
3 replies
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
4d ago
4 replies
>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.

malfist
4d ago
10% YoY in passive funds is amazing. You can absolutely get rich on that.
nerdponx
4d 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.

HPsquared
4d ago
They could save a lot of effort and take it to the casino.
cj
4d 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.

Karrot_Kream
4d 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.

roenxi
4d 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.

hnthrowawayacct
4d ago
5 replies
why is hims and hers listed as a tech company?
lotsofpulp
4d ago
1 reply
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
4d 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.
Terr_
4d 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.
mbesto
4d 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
4d ago
Maybe because it's HQ is in the Bay area? :)
krkb
4d 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
4d ago
1 reply
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.

krkb
4d ago
1 reply
Yes, I love finviz. Lmk if you want any additional features implemented or are interested in helping build.
bigwheels
4d ago
What is the best way to get in touch with you?
CSMastermind
4d ago
3 replies
I didn't realize that Doordash was doing so well.
ghaff
4d 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
4d 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.
krkb
4d ago
Incredibly well
outside1234
4d ago
2 replies
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.
BeetleB
4d ago
1 reply
OpenAI is not a public company - it shouldn't affect anyone's 401K.
avrionov
4d ago
1 reply
It will affect Microsoft, NVidia, Oracle at least and many other companies which have deals with them.
BeetleB
4d ago
1 reply
And when it does, the losses in their 401Ks will be due to the artificial gains they've been seeing in the last few years.

IOW, I don't expect people's 401K to dip below what it would have been had the AI bubble never existed.

avrionov
4d ago
It depends how big is the panic. It could take down many companies.
krkb
4d ago
Thinking of maybe including private companies on here some day too. A few people recommended.
dmoy
4d ago
1 reply
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)
krkb
4d ago
1 reply
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
4d ago
it would be nice to historically visualize splits and buybacks but this is a hard problem to display across broad markets nicely
eitally
4d ago
2 replies
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?
bigyabai
4d ago
They were overvalued.
nathancspencer
4d ago
Not that I agree, but per-seat pricing, with forecasted lower seat growth of companies due to AI labor market displacement.
rmah
4d ago
1 reply
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.
nerdponx
4d 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.
cyanydeez
4d ago
Someone do this but only for AI and show all the latest agreement to do wash trading with each other.
3x3m3
4d ago
Can you include bitcoin?
devops000
4d ago
Made with neural networks in San Francisco? (footer)
rshanreddy
4d 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 :)

ryandrake
4d 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.
jeffbee
4d 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.
throwaway290
4d ago
Where's the tree?
phailhaus
4d 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!
roughly
4d ago
At a glance, that’s what, 2/3rds of the market in 10 companies?
carabiner
4d 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.
HPsquared
4d ago
Can you view different dimensions? It'd be nice to see revenue, say, or profits. As in, allow changing the size metric
killingtime74
4d 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?
krkb
4d 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

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ID: 45928620Type: storyLast synced: 11/16/2025, 9:42:57 PM

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