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[A Sharp Correction in AI Stocks Could Cause Unexpected Global Impact] ⑴ Previously, investors were primarily concerned that artificial intelligence was failing to meet expectations. However, since last weekend, the core concern has shifted to the possibility that its creators themselves might slow down development due to fears of other worst-case scenarios. ⑵ High expectations surrounding leading tech companies, coupled with concerns about their revolving financing models, have put continuous pressure on the industry for months. ⑶ Now, Anthropic, OpenAI, SpaceX, and Microsoft have requested a slowdown in the development of more advanced AI models, introducing new tensions: these companies may cut spending, a key driver of the current economy. ⑷ However, investors did not flee en masse; the tech-heavy Nasdaq index saw little movement on Monday. ⑸ But what if this confidence were to crumble? Rating agency Fitch has provided a quantitative scenario: if AI sector stocks fall by 35% within six months, the US will enter a recession in 2027. ⑹ The impact will spread globally, with global GDP growth falling below 1% next year. (7) The shock will be twofold: On the one hand, investors holding AI stock savings will lose wealth, and this applies not only to Americans; the European Central Bank estimates that eurozone households hold €444 billion in US tech stocks. (8) On the other hand, under tighter financial conditions, private capital spending on technology infrastructure will decline by up to 6%. Lower demand means lower prices, leading to a decline in inflation across economies, prompting central banks to cut interest rates to mitigate the shock. (9) This is not Fitch's primary scenario, but it is far from the most pessimistic either. The Bank for International Settlements (BIS) says the stock market correction could be larger than suggested by the early wave of innovation. (10) The dot-com bubble at the turn of the millennium caused the S&P 500 to fall by 50% in two years, and a BIS study in early 2026 suggests the current correction could be even greater. (11) Both Fitch and the BIS's concerns are based on the depreciation of related stocks as investors reassess the profitability of the AI sector. At a Goldman Sachs event last week, the investment bank concluded that companies are increasingly demanding measurable results from AI investments. 12. A recent report by consulting firm McKinsey stated that only 37% of companies that have introduced AI systems have noticed a positive impact on gross profit, while AI investment continues to grow, and ING estimates it will account for one-third of the US economy this year.