Goldman Sachs' second-quarter revenue from stock trading business is expected to exceed $5 billion, setting a new industry record.

Insiders revealed that Goldman Sachs' stock trading business is expected to set another record in the second quarter, with revenues expected to exceed $5 billion. Insiders said that with just one week left in the quarter, executives expect Goldman Sachs' stock trading revenue to surpass the $5.3 billion reported in the first quarter. This performance will exceed the analyst average expectation of $4.77 billion from Bloomberg's survey, marking Goldman Sachs' stock trading department's third consecutive quarter of industry record-breaking performance. Insiders said that Goldman Sachs' stock trading performance has been boosted by the surge in activity in the Asian markets, which has driven growth in trading and financing activities. This situation is mainly attributed to the strong demand from hedge funds, which are eager to bet on the explosive growth of AI and its related infrastructure investments.