Banks' clients have been investing more in AI-related companies such as South Korea's SK Hynix, Taiwan's TSMC and China's Cambricon.
Asia has definitely emerged as one of the big winners in AI, says Rachid Alaoui, head of equity trading at JP Morgan Chase.
In the last quarter, the largest investment banks collectively pulled in a record $25.7 billion from equity trading, and Asia is a key factor.
Already this year, Asia could overtake Europe as a source of revenue for banks such as Goldman Sachs, JP Morgan Chase and Morgan Stanley, according to sources.
The banks have declined to comment on the information.
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