• AMG National Trust Bank warned that debt-funded AI infrastructure spending raises the risk of a steep reversal in credit and equity markets.
• The bullish equity outlook assumes hyperscaler cash flow grows 15% to 20% annually through 2030, with financing available and costs contained.
• Demand lagging computing capacity could trigger a reversal, while major indexes have become dependent on continued AI capital spending.
• Investors should consider retaining infrastructure exposure through broad indexes while diversifying into high-quality, dividend-paying companies less dependent on AI spending.
• Selective exposure to applications and platforms could capture AI adoption as market leadership shifts toward businesses delivering measurable productivity gains.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AMG National Trust Bank published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.