What smart people in economics and business are saying about a viral report warning of an AI-driven recession and stock crash

A Wall Street trader works on the floor at the New York Stock Exchange.

Brendan McDermid/Reuters

• A viral research report warned of a stock market crash and double-digit unemployment by 2028.
• The note sent software stocks sliding and rattled investors.
• Critics said markets may be overreacting to a worst-case scenario thought experiment.

A research note warning that the AI boom could trigger a recession and a stock market crash spooked investors and sent software stocks sliding on Monday.