Hou Wey Fook, chief investment officer of DBS Group, said that Nvidia's price-earnings ratio and expected profit growth rate of 70% next year indicate that AI-driven technology stocks are still far from the bubble. According to the aggregated data, Nvidia's current price-earnings ratio for the next 12 months is 17 times. Hou compared this to the roughly 100 times the valuation of the Cisco system before the internet bubble burst.

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