Retail investors are increasingly turning to AI-powered chatbots to guide stock market decisions, with 1 in 10 now relying on automated tools to build portfolios. The global robo-advisory market is projected to grow over 600% by 2029, driven by democratized access to advanced analytics once exclusive to institutional players.
Jeremy Leung, a former UBS analyst, exemplifies this shift. After losing his job at a Swiss bank, he adopted AI tools to manage investments. “I no longer have Bloomberg terminals,” he said, highlighting cost-effective alternatives for data-driven strategies.
Research and Markets forecasts the sector’s revenue will soar from $61.75 billion in 2023 to $470.91 billion by 2029. A global eToro survey of 11,000 retail investors found 13% already use AI for portfolio decisions, while 50% express willingness to adopt such tools.
Dan Moczulski, eToro’s UK managing director, cautions: “AI models can be brilliant, but treating them as crystal balls is risky.” He advises using specialized market-analysis platforms, noting generic AI may misinterpret financial data or over-rely on historical trends.
While enthusiasts praise AI’s efficiency, experts emphasize human oversight remains crucial. The technology’s rapid evolution continues to redefine investment landscapes worldwide, blending algorithmic precision with enduring market uncertainties.
