Haslinda Amin报道称，英伟达的公司市盈率和预计明年高达70%的盈利增长表明，由人工智能驱动的科技股距离泡沫区间仍很远。星展集团首席投资官侯伟福表示，彭博社汇总的数据显示，英伟达目前的交易市盈率为其未来12个月预期盈利的17倍；侯伟福将其与互联网泡沫破裂前思科系统公司高达100倍的估值进行了比较。
Corp.’s price-to-earnings multiple and projected 70% earnings growth for next year demonstrate that artificial intelligence-driven technology stocks remain far from bubble territory, DBS Group Chief Investment Officer Hou Wey Fook said. Nvidia trades at 17 times its 12-month forward earnings, data compiled by Bloomberg showed, which Hou compared to Cisco System Inc.’s 100 times valuation before the dot-com crash.
他在彭博电视采访中说：“如果我说人工智能交易的典型标的是十几倍市盈率，它怎么可能是个泡沫？”他还表示，半导体和人工智能领域“仍有顺风推动”。不过，侯伟福主张采用“哑铃型”配置策略，以“控制投资组合的整体波动”：一端配置作为成长引擎的科技股，另一端配置提供稳定收益的投资级固定收益资产，同时在对冲基金和黄金之间进行中间配置，以分散风险。
“If I describe the poster child of AI trading at mid-teens, how can it be a bubble?” he said in a Bloomberg TV interview, adding that there are still “tailwinds to this play on the semiconductor, this play on AI.”Still, Hou advocates a “barbell” approach to “control the overall volatility of the portfolio” with AI, pairing technology stocks on the growth side with investment-grade fixed income for income stability, along with hedge funds and gold serving as risk diversifiers in the middle.