The use of AI for stock picking among retail and institutional investors is rising. According to a Bloomberg report, retail investors are using AI models such as Anthropic’s Claude to write trading code, analyze market data and place trades through their brokerage accounts, including IRAs. Bloomberg mentioned the example of Joel Rieger, a former software sales executive in Los Angeles. He used Claude to rebuild an options-trading model that lost 25% last year and returned about 14% this...
