Chatterjee Whitney sold $865K of APO

Nvidia is reportedly in discussions with Apollo Global Management to convert Brightspeed's telecom buildings into AI data centers across 20 U.S. states. Brightspeed, an Apollo-backed broadband provider, owns over 130 sites. Nvidia shares dropped 9% on Thursday amid broader chip stock sell-off.

Apollo Global Management, a private capital investment giant, is investing $350 million to improve data transparency and liquidity in private markets, aiming to attract retail investors accustomed to public markets. CEO Marc Rowan announced this initiative during the firm's third-quarter earnings call, highlighting the potential growth if private markets had better transparency and liquidity.

Apollo Global Management reported 3Q 2026 revenue of $4.74B, down 51.8% YoY, and a net loss of $1.06B. Losses in Retirement Services, including lower fair values for mortgage loans, outweighed higher net investment income. Asset Management fees grew 23% to $802M, and AUM reached $1.07T, up 2.5% from June 30, 2026.

Analysts from Barclays maintained ratings on three financial companies. Apollo Global Management (APO) received a Buy rating with a $156 target, AIG a Hold with an $81 target, and Ally Financial (ALLY) a Hold with a $48 target. Consensus targets suggest 26.4%, 5.8%, and 22.4% upside respectively.

Goldman Sachs and Apollo Global Management are reportedly looking to sell portions of their $40 billion chip financing deal with SpaceX. Cathie Wood's ARK Invest purchased more shares of SPCX stock as its price declined. The move comes amid uncertainty in the AI industry following the midterm elections.

Apollo Global Management reported Q3 inflows of USD 53B, raising AUM to USD 1.07T, driven by demand for private credit and insurance. Fee-related earnings rose 23%, but a GAAP net loss of USD 1.06B was reported due to unrealized mark-to-market adjustments. Shares fell 3.5% post-results. The company declared a quarterly dividend of USD 0.5625 per share.