AugustineMac-
2023-12-01

SNOW $Snowflake(SNOW)$ since when did growth stocks get valued based on EPS growth? Sequentially, revenue growth is slowing.

Q4 revenues are expected to fall in the range of 30% rev growth. 23x sales is a lot to pay for a growth stock with slowing growth. 10x sales implies a 100x growth rate over 10 years. Again, great business, bad valuation. No position.

Not profitable until 2028/2029 as per the CFO earlier tofay. Good luck holding this trading at 22 PS. This is already trading at price considering the future growth for next 4 to 5 years. Not worth the risk..

NVDA $NVIDIA Corp(NVDA)$ trades at a steep multiple, but you can at least justify it. Last quarter, they had 200% rev growth, and it trades at 25x sales. So much froth in tech stocks.

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