AI Fears, Tariff Risks Shake Global Markets: Tech Giants, Crypto Hit Hard

• Global markets, previously riding an AI high, are now facing an "AI trade scare" due to over-reliance on AI-linked companies.
• New pressures emerged from AI disruption fears, tariff uncertainty, and questions on software/IT-services business models.
• Former President Donald Trump's proposed tariff hikes contributed to an 800-point Dow Jones drop, creating instability.
• Citrini Research's hypothetical scenario about AI's impact on SaaS revenues and employment amplified existing concerns, affecting companies like Uber and Mastercard.
• The downturn extended to India, with foreign investors selling IT stocks, and crypto markets also saw losses as traders reduced risk exposure.