The $1.7 Trillion Data Center Bet, and Why Apple is Getting Into the Subscription Game

AI data center debt has surged to $1.7 trillion, much hidden off-balance-sheet, while Apple's subscription pivot is expanding its valuation multiple.

• AI data center debt swelling: Hidden hyperscaler debt hit roughly $1.7 trillion, up eightfold in four years, with over $800 billion pushed off-balance-sheet into shell companies.
• Bubble sentiment rising fast: Bank of America's investor survey shows 45% now call AI the biggest bubble risk, up from 28% a month earlier.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.