The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Major U.S. banks demonstrated on Tuesday that the artificial intelligence investment cycle extends well beyond technology companies and semiconductor manufacturers. Goldman Sachs and JPMorgan Chase each reported record quarterly revenue figures, with Goldman’s revenue climbing 39% to $20.3 billion and JPMorgan’s rising 27% to $58 billion.
JPMorgan’s chief financial officer attributed the surge to AI’s pervasive presence in financial markets, noting that the boom has crea