A Substack post highlighted concerns about the disruptive impact of AI, especially on white-collar jobs. This caused a panic in the stock market, leading to a drop in share prices for companies like Visa by almost 5%. The post discussed the potential threat of agentic AI to various business models, particularly in the financial industry. While the piece was labeled as a scenario and not a prediction, it raised alarm about the potential economic and stock market consequences of increased AI implementation, with a focus on the vulnerability of certain high-profile companies like Visa.

The post also suggested that AI could lead to a significant increase in unemployment rates, with AI replacing human labor in various sectors. However, there are differing views on the potential impact of AI on companies like Visa, with some believing that consumer behavior and preferences may mitigate the negative effects. Despite concerns raised in the post, it’s important to consider various factors before making investment decisions, as highlighted by the Motley Fool Stock Advisor team’s analysis of the best stocks for investors to buy now.

Read more at Nasdaq: Why Visa Stock Got Clocked Today