Down 53%, Here's A Fast-Growing Software Stock That Even Warren Buffett Owns
In today's rocky economic environment, many investors are curious about where Warren Buffett is putting his money. The Oracle of Omaha is a famed value investor who typically seeks out businesses with wide economic moats, high dividend yields, and robust cash-flow generation, many of which don't fall under the umbrella of the fast-growing technology sector.
The star stock picker hasn't completely shied away from high-growth tech names, however. Currently, he has roughly $1.4 billion tied up in the software company Snowflake (NYSE: SNOW). Snowflake, which provides a single platform for data storage, processing, and analytic solutions, has plunged 53% year to date amid the ongoing tech sell-off linked to high inflation and rising borrowing costs.
As a result of the software company's fresh pullback, should investors follow Buffett's lead, and buy the stock today?
Source Fool.com
