AI Leverage Is More Worrying Than Valuations, IMF’s Adrian Says
THE SO WHAT
When the IMF flags AI-linked leverage as a bigger concern than equity valuations, the risk conversation has moved from “is this a bubble?” to “where does the debt sit?”. CFOs and boards should inventory AI-exposed credit—data centers, chip capex, vendor financing—and stress test against slower monetization or regulatory drag, not just price corrections.
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