JHVEPhoto Valuations across the Information Technology sector have been volatile in the last handful of months. Its P/E multiple climbed above 30 earlier this year before pulling back to near 28 at the April market trough. The same pattern played out from the July peak to the August nadir. Today, I.T. trades at 29.4 times forward earnings estimates, about five turns above its 5-year average. Much of the valuation premium stems from optimism around the AI trade. Near record-high margins today support a l ...