On October 25, Elon Musk wrote on X that debt markets have almost entirely shut off funding for companies without substantial revenue outside AI data centers, and warned of stranded compute in partially complete facilities. He said SpaceX closed $40 billion in GPU debt financing based on its investment-grade rating and Starlink and launch revenue, but did not name lenders, rates or loan length, and an unconfirmed report said Anthropic offered a yield above 10% on a $9 billion junior debt tranche. In premarket trading on October 26, Applied Digital (APLD) slipped 1.6% to $17.95 while Arista Networks (ANET) rose 1.3%, after Applied Digital fell 34.1% and Coherent 30.3% over the past month. Applied Digital had $37.8 million of crypto hosting revenue in its latest quarter and about $36 billion of contracted revenue over initial 15-year terms, but carries $6.4 billion of debt against $3.7 billion of cash. The article points to suppliers including Coherent, Arista, Marvell and Broadcom, and says that if Applied Digital's next debt deal prices above its existing 7.000% coupon, the pressure would have reached builders with signed contracts.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Is Money for AI Data Centers Drying Up? Here’s Who Could Come Out on Top.
Read the original on Yahoo Finance ↗
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NVDAElon Muskdata centersAI investmentcredit
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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