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Well it is literally not going as fast.
The rate of "technology" (most people mean electronics) advancement was because there was a ton of really big innovations at in a small time: cheap PCBs, video games, internet, applicable fiber optics, wireless tech, bio-sensing, etc...
Now, all of the breakthrough inventions in electronics have been done (except chemical sensing without needing refillable buffer or reactive materials), Moore's law is completely non-relevant, and there are a ton of very very small incremental updates.
Electronics advancements have largely stagnated. MCUs used 10 years ago are still viable today, which was absolutely not the case 10 years ago, as an example. Pretty much everything involving silicon is this way. Even quantum computing and supercooled computing advancements have slowed way down.
The open source software and hardware space has made giant leaps in the past 5 years as people now are trying to get out from the thumb of corporate profits. Smart homes have come a very long way in the last 5 years, but that is very niche. Sodium ion batteries also got released which will have a massive, mostly invisible effect in the next decade.
Electronic advancement, if you talk about cpus and such, hasn't stagnated, its just that you don't need to upgrade any more.
I have a daily driver with 4 cores and 24GB of RAM and that's more than enough for me. For example.
It has absolutely stagnated. Earlier transistors were becoming literally twice as dense every 2 years. Clock speeds were doubling every few years.
Year 2000, first 1GHz, single core CPU was released by nvidia.
2010 the Intel core series came out. I7 4 cores clocked up to 3.33GHz. Now, 14 years later we have sometimes 5GHz (not even double) and just shove more cores in there.
What you said "it's just that you don't need to upgrade anymore" is quite literally stagnation. If it was a linear growth path from 1990 until now, every 3-5 years, your computer would be so obsolete that you couldn't functionally run newer programs on them. Now computers can be completely functional and useful 8-10+ years later.
However. Stagnation isn't bad at all. It always open source and community projects with fewer resources to catch up and prevents a shit ton of e-waste. The whole capitalistic growth growth growth at any cost is not ever sustainable. I think computers now, while less exciting have become much more versatile tools because of stagnation.
"Mores laws dead" is so lame, and wrong too.
Check out SSD, 3D memory, GPU...
If you do not need to upgrade then it doesn't mean things aren't getting better (they are) just that you don't need it or feel it is making useful progress for your use case. Thinking that because this, it doesn't advance, is quite the egocentric worldview IMO.
Others need the upgrades, like the crazy need for processing power in AI or weather forecasts or cancer research etc.