Total debt of $6.48B at Aug 31
Company: Applied Digital
The claim, verbatim
Applied Digital reported total debt of $6.48 billion as of August 31.
Source (primary)
Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “Applied Digital reported total debt of $6.48 billion at August 31.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article states this debt figure and date directly.
Confirmed in the source:
- Applied Digital reported total debt of $6.48 billion at August 31
What we did: Read our cached copy of the publisher (https://startupfortune.com/morgan-stanley-cuts-its-applied-digital-target-to-25-from-41/) in full (8,486 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Morgan Stanley cuts its Applied Digital target to $25 from $41 - Startup Fortune
Quote: “Applied Digital reported total debt of $6.48 billion at August 31.”