Fitch Warns AI Bubble Burst Could Trigger 35% US Stock Drop and Recession

Fitch Ratings warns that a sharp AI-related stock sell-off combined with capex cuts could push the US into recession, with a worst-case 35% drop in US equities over six months and ~15% declines elsewhere. This is a tail-risk scenario, not the base case, but it highlights the AI sector's systemic importance to global growth forecasts.