In this video, I will talk about The Trade Desk (TTD -0.59%), which is down 55% this year but still trades at 12 times sales and over 40 times forward earnings. I will explain why it has a premium valuation even though the advertising market is experiencing a slowdown.

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*Stock prices used were from the trading day of Dec. 27, 2022. The video was published on Dec. 30, 2022.