What Happened: During the second-quarter earnings call, Colette Kress, Nvidia’s Chief Financial Officer, stated, “We believe sovereign AI revenue will reach low double-digit billions this year.” ...

Sovereign debt costs are expected to double over the next three years, putting governments increasingly at the mercy of bond investors, according to Janus Henderson Group Plc.

But Dahal sees opportunity in DHI’s small size. “Size does not matter,” he said; instead, DHI can focus on “efficiency and how we grow.” Still, he sees Temasek as a role model for DHI.