AI Trade Collapse Risks $20T Market Cap Wipeout as CoreWeave and Meta Trigger Tech Sell-Off
TS Lombard strategist Dario Perkins warns that an AI-driven market crash could trigger a 30% drop in US stocks, wiping out $20 trillion in market cap. The warning follows a sharp sell-off in AI-related shares, including a 35% decline in CoreWeave stock and negative free cash flow for Meta. While Perkins predicts a mild recession, the broader market faces significant risk as AI-related stocks represent over 50% of the S&P 500's market capitalization.