Snowflake

Snowflake's melting market capitalization reflects investors' overly lofty expectations. Its share price fell by nearly a fifth on Thursday even though the ...

(By Robert Cyran) The same might not be true of other highfliers, such as electric-car makers like Lucid (LCID.O), which are burning cash. Now assume sales grow 50% annually for five years and the company will enjoy a net margin of 35%, like Microsoft (MSFT.O). On the same earnings multiple, the company would eventually be worth around $140 billion.