DBS Group Chief Investment Officer Hou Wey Fook believes that NVIDIA’s approximately 17 times forward 12 months’ price-to-earnings ratio and projected earnings growth next year of 70%indicate that AI technology stocks have not yet entered bubble territory.
X account @secscottbessent posted: “Today, @USTreasury and @IRSnews issued a notice on tax-motivated investment strategies that makes clear Treasury is serious about cracking down on transactions designed to dodge taxes or exploit our federal tax code. The companion Revenue Ruling also takes on prearranged §351 ETF”
