Focus on investment-grade hyperscalers
Company: Applied Digital
The claim, verbatim
Since signing CoreWeave, Applied Digital has focused on four or five large cloud companies with investment-grade credit.
Source (primary)
APLD Stock Hits Over 1-Year Low: CEO Says It’s Not a Neocloud, But 800 MW Capacity Still Needs Financing - Yahoo Finance (-, news_article)
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Quote: “Since signing CoreWeave, Cummins said Applied Digital has focused on four or five large cloud companies with investment-grade credit”
How we checked this
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Additional evidence
confirms APLD Stock Hits Over 1-Year Low: CEO Says It’s Not a Neocloud, But 800 MW Capacity Still Needs Financing - Yahoo Finance
Quote: “Since signing CoreWeave, Cummins said Applied Digital has focused on four or five large cloud companies with investment-grade credit”