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JPMorgan (JPM) Soars on Blockbuster Earnings, AI Spending Boom

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The Story

News Summary

  • JPMorgan Chase reported outstanding Q2 earnings, with investment banking revenue up 45% YoY.
  • CEO Jamie Dimon highlighted massive AI spending growth, projecting $1 trillion in AI capex next year, while cautioning about market sustainability.
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JPM price history

346.64 +14.28% over the displayed period

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