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Snowflake stock was falling sharply after the cloud-based data-software company posted disappointing fiscal 2023 guidance that overshadowed strong results for the fiscal fourth quarter ended Jan. 31.
One of the most-expensive cloud-software stocks by almost any measure and one of the sector’s fastest growers, highflying Snowflake stock was vulnerable to even a modest disappointment. In premarket trading Thursday, Snowflake shares fell 22% to $205.99. Snowflake (ticker: SNOW) went public in September 2020 at $120 a share, but…