JPM — WALL STREET BANKS RAKE IN RECORD EQUITIES REVENUE FUELED BY ASIA AI FRENZY

A surge in equities trading focused on Asia's AI sector is driving a record-breaking run for Wall Street's top investment banks, which collectively earned an unprecedented $25.7 billion from the business last quarter. Client demand for exposure to AI infrastructure firms like TSMC, SK Hynix, and Cambricon has propelled Asia's trading volumes to over $52 trillion through May, nearly matching North America. The boom is positioning Asia to overtake Europe as the second-largest revenue source for firms like JPMorgan, Goldman Sachs, and Morgan Stanley.