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Unleashing the potential: How Al is reshaping stock markets
The Daily Guardian
|July 03, 2023
The global AI in the stock market is anticipated to grow at a compounded annual growth rate of 26.8 per cent to achieve $459.3 billion by 2030, according to a report by Research and Markets published in January 2023
The stock market is transforming because of artificial intelligence (AI), which brings new capabilities and alters trading strategies. AI is changing how traders and investors approach the stock market, thanks to its capacity to process massive quantities of data, spot patterns, and draw quick conclusions. AI-powered algorithms are revolutionising stock market trading and investment choices. Huge amounts of financial data, such as past prices, market mood, and social media trends, can be analysed by AI systems to find patterns and forecast future events. This makes it possible for traders and investors to decide with better knowledge and to carry out trades at the most profitable moments, thereby improving profitability.
The global AI in the stock market is anticipated to grow at a compounded annual growth rate of 26.8 per cent to achieve $459.3 billion by 2030, according to a report by Research and Markets published in January 2023, demonstrating the increased usage of AI technology for trading and investment reasons. According to the prediction given by Next Move Strategy Consulting, AI’s market size is projected to upsurge rapidly over the following decade.
This story is from the July 03, 2023 edition of The Daily Guardian.
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