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

2026-10-05 15:20:46

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.

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