Tom Lee: AI and blockchain benefit the financial services industry, JPMorgan and Goldman Sachs may become the next Magnificent Seven in the US stock market

BlockBeats News, December 25, Tom Lee stated, "There are some positive developments emerging in the financial services sector. Financial services companies will become major beneficiaries of AI, and will also benefit from the application of blockchain technology. Both can help them reduce their reliance on employees for business operations."

"Therefore, I believe that those large, technology-driven banks may start to see margin expansion in the future and perform more like tech stocks. JPMorgan and Goldman Sachs could become the next Magnificent Seven stocks in the US market."