DBS Group: Nvidia's valuation is low, AI stocks are far from being in a bubble

The Chief Investment Officer of DBS Group, Hou Wey Fook, stated that Nvidia's price-to-earnings ratio and the expected 70% profit growth next year indicate that AI-driven tech stocks are still far from a bubble. Nvidia's price-to-earnings ratio for the next 12 months is 17 times, well below Cisco Systems' approximately 100 times before the internet bubble.

He suggested adopting a "barbell strategy" to control portfolio volatility.