Comment by mrweasel

The stock market will lose faith in AI companies, which will crash the stock price of Google, Microsoft, Oracle, Nvidia and CoreWeave. Investors will lose billions, many of those investors are pension funds. Any AI projects that aren't already profitable will shutdown.

And, because AI is currently what prevents the US economy from being in a recession (at least that what some people speculate), the US economy will stumble, which means that everyone else will to.