The AI craze has spread to Wall Street! Technology stocks are "eating meat", while American banks are "drinking soup".

The Wall Street large banks demonstrated to the market with a series of record-breaking performances on July 14th that the beneficiaries of the artificial intelligence wave are far more than just the technology giants and chip manufacturers in Silicon Valley. Goldman Sachs (GS.US) and JPMorgan Chase (JPM.US) both handed in historic quarterly reports, with revenue soaring 39% to $20.3 billion and 27% to $58 billion respectively. Driving these numbers is the omnipresence of AI in the financial markets.