LIVEMarkets rolling coverageStarted: July 26, 2026, 4:00 AM EDTUpdated: July 26, 2026, 11:22 AM EDT Industrials Sector P/E Tops 30 as AI Data Center Demand Powers Rally July 26, 2026, 11:22 AM EDT. The S&P 500 industrials sector now trades at a price-to-earnings ratio above 30, well beyond its historical average of 20 and similar to technology sector valuations. The jump is attributed to the AI data center buildout, accelerated power grid investment, and support from defense and space technology. Worldwide data center expenditures may approach nearly $8 trillion by 2030, helping push industrials upward in tandem with tech firms