70% of contracted revenue backed by investment-grade hyperscalers
Company: Applied Digital
The claim, verbatim
Approximately 70% of Applied Digital's contracted revenue is backed by U.S.-based investment-grade hyperscalers
Source (primary)
Applied Digital Named One Of Wells Fargo Top Ideas — Analyst Highlights Backlog Quality, Power Advantage And Valuation Discount - Yahoo Finance (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “approximately 70% of contracted revenue is backed by U.S.-based investment-grade hyperscalers”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The article says the company has stated that approximately 70% of its contracted revenue is backed by U.S.-based investment-grade hyperscalers.
Confirmed in the source:
- Approximately 70% of Applied Digital's contracted revenue is backed by U.S.-based investment-grade hyperscalers
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/applied-digital-named-one-wells-163413068.html) in full (10,984 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital Named One Of Wells Fargo Top Ideas — Analyst Highlights Backlog Quality, Power Advantage And Valuation Discount - Yahoo Finance
Quote: “approximately 70% of contracted revenue is backed by U.S.-based investment-grade hyperscalers”