DBS Group: Nvidia's Valuation is Low, AI Stocks are Far from Bubble

DBS Group's Chief Investment Officer Hou Wey Fook stated that Nvidia's price-to-earnings ratio and the projected 70% profit growth for next year indicate that AI-driven tech stocks are still far from being in a bubble. Nvidia's price-to-earnings ratio for the next 12 months is 17 times, significantly lower than Cisco Systems' approximately 100 times before the internet bubble. He recommends adopting a 'barbell strategy' to manage portfolio volatility.