Disclaimer: I own both CRWD and PANW, but the last time I bought them was during the Feb/March SaaSpocalyse scare.
But back to my title - who is chasing these names? at $200, I found $CRWD hard to justify (and did trim), and now at $250+ it's just wacky IMO.
I get it - AI winner. 100% agree. These companies are compounders that will keep growing for decades. BUT, valuation does matter, and we might be in for a loooong period of consolidation on these names at current euphoria.
CRWD is currently a 6B revenue company, valued at 260B+. Wild times!