Given the amount of times I've seen your question pop up, along with other vaguely related ones concerning the job market writ large, there's a lot of justified fear that this isn't a viable career path at all anymore.
I'm not a junior, or a grad, but I do have a shit resume that in total contains about 5-10 years of varied experience. I've been unemployed for a year, and am considering alternatives, like being a real garbage collector or electrician if I can find a way into those.
I'd note also that most of the responses in this thread are the same that Jon Stewart just lampooned in his recent episode on AI, with most CEOs describing how AI is actually a huge productivity boost and the best thing for humanity since literal fire, or that people will need to retrain to become "prompt engineers" (laughable, and why would you want to do that anyway). Anyone with an optimistic take still has a job, and everyone else doesn't see one coming along any time soon.
That said, there is way too much hype imo, I've found some use for ChatGPT and anticipate that there will be more, but it's mostly boilerplate or explaining things that already have some explanation somewhere. Asking for a solution to some performance problem that nobody's really documented anywhere hasn't proved useful, it'll just imagine something. It's not documenting Apple APIs that Apple themselves haven't bothered with, but it'll generate approximately passable examples of AppKit stuff that have been on the internet forever, and that's a great starting point for solving more interesting problems.
I do feel like most of the impact on the market is due to interest rates and layoffs, and there being a lack of profitability in most software anyway. The nature of the problem however doesn't remedy the fact that it'll be way way more competitive than it already was, and if you hadn't run the interview gauntlet prior to 2023, you sure as hell won't want to run it after 2025.