Stock Markets Tumble After AI Report Predicts 38% S&P 500 Decline
US stock markets declined after a Citrini Research report by James van Geelen predicted a 38% S&P 500 crash by 2028 due to AI-driven unemployment.Jim Cramer warned of market fragility as Salesforce shares fell 33% year to date and cybersecurity firms like CrowdStrike saw massive losses following new tool releases from Anthropic.While
OpenAI leader
Sam Altman discussed AI eventually surpassing human CEOs, analysts from
JPMorgan and
Wedbush like
Dan Ives called the market reaction an overreaction.