DBS Group Chief Investment Officer Hou Wey Fook said Nvidia’s valuation and its projected 70% earnings growth for next year indicate that AI-driven technology stocks are still far from bubble territory. He pointed to Nvidia’s 17x price-to-earnings ratio over the next 12 months, a level he said remains well below the roughly 100x multiple seen in Cisco Systems before the dot-com bubble. Hou used that comparison to argue that current AI-related equity valuations have not yet reached the extremes associated with past market excess. He also recommended a barbell strategy as a way to manage portfolio volatility. The comments were cited by ChainCatcher in a short market update.
DBS Group Chief Investment Officer Hou Wey Fook said Nvidia’s valuation, together with its projected 70% earnings growth next year, shows that AI-driven technology stocks are still far from a bubble, according to ChainCatcher.
He said Nvidia is trading at 17 times earnings over the next 12 months, well below the roughly 100 times multiple seen in Cisco Systems before the dot-com bubble.
Hou also recommended using a barbell strategy to control portfolio volatility.
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