New Delhi, Feb. 10 -- Ever since ChatGPT arrived in late 2022, AI has been sold as two opposite futures at once: a productivity miracle for companies and a pink slip machine for office workers. In late January, that anxiety went mainstream again, pushing the "AI will take jobs" narrative back into the headlines today.

But here's the part that gets missed in most US stock market news: markets rarely trade the fear itself. They trade the timeline. And right now, the most investable question isn't "Will AI eliminate jobs someday?" It's "Is AI changing work quickly enough to move earnings before it destroys demand?"

The data doesn't look like a job apocalypse (yet)If the AI story were already translating into mass unemployment, you would ex...