Wall Street banks are creating AI bonds to manage credit risk from huge AI infrastructure debt, signaling investor worries. South Korean and Taiwanese stock markets are sharply correcting as AI expectations surpassed reality, forcing small investors out. This adjustment presents an opportunity for Indian technology stocks to adapt their labor-intensive models. The author notes AI's global job disruption and the need for Indian IT to readjust. Challenges like energy and computing for AI remain, emphasizing a market recalibration.