Jim Cramer: Hyperscalers 'Wrecked Their Balance Sheets', But Apple Carries Twice Alphabet's Debt

Jim Cramer praised Apple's "pristine" balance sheet while criticizing hyperscalers for excessive AI data center spending, but financial filings reveal Apple carries significantly more debt than Alphabet. Despite Apple's higher debt load and negative retained earnings due to extensive stock buybacks, the market rewards it with a higher P/E ratio due to its substantial liquidity. The article questions whether Apple's balance sheet will remain pristine if it significantly increases AI infrastructur