During a September 3 episode of Mad Money, Jim Cramer highlighted Amazon's strong position in AI, referencing CEO Andy Jassy's remarks about significant future profits from AI investments and data centers. Cramer also noted the company's $50 billion semiconductor business and the potential for Amazon Web Services (AWS) to generate four times the cost of its NVIDIA GPU purchases, suggesting the stock is currently undervalued at around 20 times this year's earnings. AWS revenue surged 37% year-over-year to $42.2 billion in Q2, with operating income reaching $16.6 billion, driven by companies shifting to AI workloads. However, some on Wall Street are concerned about Amazon's balance sheet, with long-term debt increasing to nearly $129 billion by mid-2026 and full-year capital expenditure guidance climbing to around $220 billion, raising questions about aggressive spending.