This is John Batchel, a conversation with colleague Liz Peake about the markets responding dramatically,

melodramatically, to the suggestion that AI is going to not only cost jobs among white color and blue color,

but also cost the major commitment to software, for example, or scheduling or companies that ship change major parts of their business model and replace them, in fact.

And Wall Street's washing these sharp sell-offs as the rumors spread.

There's no guarantee to this, but the rumors are spreading quicker than you can get out front.

Liz says people are looking for a place to hide because everybody's in Mag 7 stocks in all directions.

So what is to be done if Mag 7 is going to be, or as the Wall Street Journal put it, the bullish case for AI is bearish for everybody else, maybe.

Here's Liz to explain.

And I think you can look at so many industries now in the last, really it's just been two or three weeks like software logistics companies etc where all

of a sudden there's a spotlight on some new uh development AI development software development

coding development which means that a logistics company they're the the heart of that industry is no

longer necessary or can be done by bots and not people.

So, you know, you just take two or three industries and, you know, these industries sell off

enormously and all of a sudden you have people looking around poking under every rock possible.

So that's one major

anxiety that affects almost everyone who's in the stock market because everybody has had to be in

these stocks, the Mag 7 and ancillary companies, companies involved with nuclear power and

various kinds of energy and all kinds of building data centers and so forth.

That's just a huge part of the market right now and everybody is exposed to it.

So of course they're looking for alternatives.