AI Scare Trade: Nvidia, Market Rotation & the 2028 AI Crisis

Is AI about to disrupt white-collar jobs, or is this simply a market rotation disguised as panic?

Anthony Cheung and Piers Curran break down the so-called “AI scare trade” that hit software, payments and advisory stocks, even as the S&P 500 stayed broadly flat.

We unpack the viral 2028 AI thesis from independent research firm Citrini, the sell-off in companies like Salesforce and IBM, and whether hedge funds amplified the move.

We also explore the rise of “HALO stocks” and what the latest earnings from Nvidia tell us about AI demand, hyperscaler spending and the next phase of the cycle.

A sharp look at market psychology, AI disruption and what’s really driving volatility beneath the headlines.

(00:00) AI Scare Trade

(02:32) The Catalyst

(10:53) HALO Stocks Rotation

(17:52) Citrini’s 2028 Thesis

(27:27) The Reality Check

(31:34) Nvidia Earnings

(38:19) Agentic AI Inflection