Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are selling off on Monday due not only to concerns that artificial intelligence will displace enterprise software companies like Salesforce and ServiceNow, but also from the potential long-term negative ramifications it could have on the labor market and broader economy. The latest concerns stem from perhaps an unlikely source: Over the weekend, a research firm published a thought-provoking, though fanciful, take on the future of AI and how it could devastate many more industries than traditionally considered in the blast zone, such as credit-card companies and delivery apps. We think this report is an alarmist hypothetical and not a realistic base case, but the market doesn’t want to wait around to find out. Just look at shares of American Express and DoorDash down roughly 7% apiece. The sell-off shows how sensitive the market is to AI disruption headlines, and it exemplifies the
