No. of Recommendations: 2
I think we may look back and see that Saul threw in the towel (somewhat) on the hypergrowth firms (e.g., Snowflake, Datadog, Crowdstrike, and maybe some others he ditched earlier) just as M* and others are opining that their valuations have dropped into the realm of the plausible. Also, Google and Microsoft have plenty of cash, and more than one of the former high-flyers could get snapped up.
I'm a straight value investor, and I'm looking hard at some of them. The major cloud hosts (Amazon, Microsoft, Google) may find bottoms this Q, esp. if the Fed says its work is done.
