So I know when you evaluate stock, you can’t rely too much on p/e or forward p/e. Sure, now I think Arm’s forward p/e is 100 something, which is too high for any traditional value investor to even consider to buy fractional shares. However, I understand the company’s ambition and its dominant market share in mobile chips. Nice. Forward p/e 100, and people still buying it. Insightful, good for them.
But how about Snowflake?
Forward p/e 200.
Must be a reason right?
What are your reason to buy Snowflake? What do people expect from it?
Leave a Reply