Recent fears surrounding artificial intelligence have significantly impacted the stock market, with software and financial stocks suffering severe losses. A viral Substack post by Citrini has sparked widespread panic, raising concerns about a potential AI-driven recession and mass unemployment. The post posits a grim future for various sectors, suggesting that the economy could face serious disruptions and even a 38% drop in the S&P 500 by mid-2028. Major companies, including American Express and Visa, have seen drastic declines in stock prices as investors react to the implications of rapid AI adoption. Analysts warn that the narrative surrounding AI risks has created a fragile market environment, leading to billions being wiped off the market and increasing investor anxiety. Amidst this turmoil, financial experts propose solutions such as an AI tax to mitigate potential fallout from this ongoing crisis.