Snowflake (NYSE: SNOW) and Cloudflare (NYSE: NET) are both hypergrowth tech stocks that reached their all-time highs in November 2021. But today, Snowflake and Cloudflare trade about 60% and 70%, respectively, below those record levels.

The bulls retreated from both hot stocks as their growth cooled off, the macro headwinds intensified, and rising interest rates popped their bubbly valuations. But should investors buy either out-of-favor stock as a turnaround play right now?

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Source Fool.com