Snowflake seems to be part of a segment of companies that are defying economy reality during covid: $TSLA, $ZM, $SNOW. These companies have huge P/S ratios and

Snowflake seems to be part of a segment of companies that are defying economy reality during covid: $TSLA, $ZM, $SNOW. These companies have huge P/S ratios and a higher volume of options activity relative to their underlying stock. A rational person may look at metrics, but we're not in a rational market. The strange behavior of the market may explain these valuations more than anything else. And maybe 3 digit P/S ratios are the new normal. [1] https://www.ft.com/content/b330e091-2a59-4527-b958-9213731a526c https://www.ft.com/content/b330e091-2a59-4527-b958-9213731a5...