That's bad news for high-growth companies such as Advanced Micro Devices (NASDAQ: AMD) and Twilio (NYSE: TWLO), which were sold off brutally despite reporting outstanding growth in recent quarters. TWLO Revenue Estimates for Current Fiscal Year data by YCharts The stock is currently trading at 3.6 times sales, which represents a huge discount to its five-year average sales multiple of 16.7. September's report of an 8.2% increase in consumer prices over the prior-year period suggests the central bank will continue to raise rates to cool surging inflation.