Apollo Global Management's stock surged 5.11% during intraday trading on Monday, driven by a combination of better-than-expected quarterly results, a strategic partnership announcement, and reports of a major financing deal in the AI sector.
The alternative asset manager reported fourth-quarter adjusted earnings of $2.47 per share, significantly beating analyst estimates of $2.05. Revenue also soared to $9.86 billion, far exceeding expectations. The company highlighted record origination activity exceeding $300 billion for the full year 2025 and assets under management reaching $938 billion.
Separately, Apollo announced a strategic partnership with British money manager Schroders to develop next-generation wealth and retirement investment products, aiming to combine public and private market expertise. Additionally, reports indicate Apollo is nearing a $3.4 billion loan to an investment vehicle that would purchase Nvidia chips for lease to Elon Musk's xAI, marking a significant move into AI infrastructure financing. Management also addressed recent market concerns by stating that software exposure represents less than 2% of total assets under management.