TREE NEWS reports: DBS Group Chief Investment Officer Hou Wey Fook said Nvidia’s valuation and its projected 70% earnings growth next year show AI-driven tech stocks are still far from bubble territory. Nvidia currently trades at 17 times forward 12-month earnings, he noted.
DBS CIO: Nvidia Still Undervalued, AI Stocks Far From Bubble
AI take
The notable part is the framing, not the call: a major bank CIO is arguing AI valuations against forward earnings rather than against narrative, which is the metric that would matter if growth disappoints. The 70% earnings growth projection carries the entire thesis, so the durability of that estimate, not the current multiple, is the real variable. Whether sell-side expectations hold through coming reporting cycles is the open question.
Generated by AI for reference only.
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