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DBS Group CIO Hou Wey Fook says NVIDIA’s forward 12-month P/E of about 17x and market forecasts of roughly 70% EPS growth next year indicate AI-driven tech is far from a bubble. He contrasted NVIDIA’s valuation with Cisco’s ~100x before the dot-com c

2026-10-05

DBS Group CIO Hou Wey Fook says NVIDIA’s forward 12-month P/E of about 17x and market forecasts of roughly 70% EPS growth next year indicate AI-driven tech is far from a bubble. He contrasted NVIDIA’s valuation with Cisco’s ~100x before the dot-com crash and said semiconductors and AI investments retain tailwinds. Hou recommended a barbell portfolio to control volatility: allocate to growth tech while holding investment-grade fixed income for stability, and use hedge funds and gold for intermediate risk diversification.

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Ukrainian President Zelenskiy said Ukraine and Germany are doing everything possible to ensure European participation in a diplomatic process to end the war.

Ukrainian President Zelenskiy said Ukraine and Germany are doing everything possible to ensure European participation in a diplomatic process to end the war.
2026-10-05

The final reading of the Eurozone Composite PMI for September was 53.1, in line with expectations and the previous reading.

The final reading of the Eurozone Composite PMI for September was 53.1, in line with expectations and the previous reading.
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