According to CoinMeta, TS Lombard warns that a collapse in AI spending could trigger a 30% drop in the S&P 500 index, which would cause the value of the U.S. stock market to evaporate by about $20 trillion. In the past 14 trading days, semiconductor stocks have fallen by nearly 20%, indicating that we may be more susceptible to the impact of AI transactions than the broader index. The largest companies in the $SOXQ sector are sufficient to drag down the broader market as AI declines.