Big Moves Have Rocked Stocks. There Might Be More to Come.

Core Viewpoint - Investors are concerned that AI advancements may lead to the elimination of entire companies and jobs, particularly impacting sectors such as software and finance [1] Industry Impact - The software sector is expected to face significant disruptions as AI technologies evolve, potentially leading to a reduction in workforce and even the closure of companies [1] - The finance industry is also at risk, with fears that AI could automate many roles, resulting in job losses and the transformation of traditional business models [1]