From space rocks to smartwatches, AI millionaires rewrite the luxury playbook

Approximately 440,000 U.S. millionaires were created last year through significant stock market gains. These individuals, ranging from those invested in space rocks to smartwatches, are potentially rewriting the luxury playbook. However, it remains uncertain whether this surge of new wealth will actually lead to a golden era for the luxury goods sector. The industry is currently observing if these AI-driven fortunes will translate into sustained growth and increased consumption of high-end luxury products.