When a nuke detonates, it causes catastrophic destruction via intense heat, blinding light, a supersonic blast wave that flattens everything before a firestorm and radiation wipes everything else out.

The stock market is currently in the midst of this right now
Business are being disrupted every week with new advancements in LLMs and now even the companies producing novel innovations in AI are being hit hard. The market is ruthless and pricing this in every single day as we digest what is coming out, how disruptive this technology is and what we are going to do as a society in the future.