Nvidia's Valuation and 70% Earnings Growth Show No AI Bubble, DBS Says
DBS Group Chief Investment Officer Hou Wey Fook said Nvidia's price-to-earnings multiple and projected 70% earnings growth for next year show AI-driven tech stocks are far from bubble territory.
- DBS: Nvidia's P/E and 70% earnings growth forecast rule out a bubble
- Hou Wey Fook is DBS Group's chief investment officer
- Comments concern tech stocks that rallied on AI demand
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