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Most investors who focus on valuation have a hard time figuring out what to do with technology stocks.
Tech companies rarely trade for the low measures of earnings and asset value that are the traditional hallmarks of value-oriented investors.
The average PE ratio of a tech stock going back 40 years is an eye-popping 32, so that's not really going to pop up on a value-oriented screen.
To complicate things further, many tech stocks (including leading companies in the sector) don't show a profit, so traditional value and even some growth investors pass on what turns out to be a monster of a stock.
But you know I'm not your traditional investor.