This market will resolve to "Yes" if the AI industry experiences an industry downturn by the specified date, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, the AI industry will be considered to have experienced an industry downturn once at least three of the following events have occurred within 90 days of this market's specified timeframe:

- NVIDIA Corporation (NVDA) closing stock price is down 50% from its all-time high.

- iShares PHLX Semiconductor ETF (SOXX) closing stock price is down 40% from its all-time high.

- OpenAI, Inc. or Anthropic PBC declares bankruptcy.