Are all the investments being made into AI going to pay off? That's the question Nigam Arora takes to Wall Street as he analyzes what growing debt tied to the AI trade means to a Fed he sees hiking interest rates. He makes the case the stock market can fall at least 30% if AI's "day of reckoning" ever comes to fruition. Nigam discusses what this worst case scenario means for equity momentum and how investors can brace for it.