Customer concentration with Meta and Oracle
Company: Applied Digital
The claim, verbatim
More than 70% of contracted megawatts are with Meta and Oracle
Source (primary)
Wells Fargo Starts Applied Digital (APLD) at Overweight and Calls it a Top Idea - Yahoo Finance (-, news_article)
View cached copy (2026-09-23)Live source ↗
Quote: “More than 70% of the contracted megawatts sit directly with Meta and Oracle.”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article says more than 70% of the contracted megawatts sit directly with Meta and Oracle.
Confirmed in the source:
- More than 70% of Applied Digital's contracted megawatts are with Meta and Oracle
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/wells-fargo-starts-applied-digital-230948097.html) in full (12,389 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Wells Fargo Starts Applied Digital (APLD) at Overweight and Calls it a Top Idea - Yahoo Finance
Quote: “More than 70% of the contracted megawatts sit directly with Meta and Oracle.”