Artificial intelligence is in high demand, and American stock traders are seeing their incomes reach the highest level in 20 years.
Thanks to the recent influx of clients into the hot AI stocks, Wall Street stock traders are expected to enjoy their most profitable time in at least twenty years. Data compiled by Crisil Coalition Greenwich shows that the total fee pool for this industry will reach $94 billion this year. This consulting firm found that this number represents an 18% increase compared to 2024. This is a stark contrast to the situation at the beginning of the year when the US stock market was on the brink of a bear market. However, since hitting a low point in April, the S&P 500 has already risen by 35%. Since then, as investors pour money into the artificial intelligence sector, the US stock market has been hitting new highs. "The market has rebounded and reached new heights," said David Haldane, head of stock trading for Citigroup in Europe, the Middle East, and Africa, in an interview. "We are at a crossroads where retail investors, hedge funds, and asset management companies are all active."
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