Movement Alert|Apollo Global Management LLC Rises 8.1% Overnight, Flurry of Deal Activity and AI Infrastructure Play Boost Confidence

Market Focus
Sep 30

On September 30, Apollo Global Management LLC rose 8.1% overnight, trading at $128.64 per share. The stock had previously declined over 12% in September and nearly 18% year-to-date, making this rebound particularly notable.

A series of completed transactions and strategic asset moves appear to have eased market concerns about the company's growth outlook, driving a sharp recovery from recent lows. Most notably, Apollo-controlled Stream Data Centers is in early-stage negotiations with Amazon-backed Anthropic to lease up to 1 gigawatt of data center capacity. The facilities could house AI accelerators designed by Alphabet and Broadcom, with Nvidia chips also under consideration. Anthropic is additionally exploring a potential credit guarantee from Google. While discussions remain preliminary, the deal would underscore surging demand for large-scale AI infrastructure.

Meanwhile, Apollo recently closed the $4.1 billion sale of cooling solutions leader Kelvion to SLB, including approximately $700 million in assumed debt. The firm also expanded financing for its EasyJet acquisition bid, with eight new interim lenders joining the Bidco facility as of late August. These dense deal completions reinforce Apollo's active capital deployment across energy technology, aviation, and AI infrastructure sectors.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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