$APO

BNP Paribas reported that in July, OpenAI’s ChatGPT led web traffic and mobile usage, regaining share versus Alphabet’s Gemini. Gemini’s worldwide visit share fell to 28.8% from 30.3%, while DAU share stayed at 19.8%. Claude gained visits to 10.4% from 10%. BNP Paribas also cited Gartner estimates: 2026 inference spending $23.3B vs training $19B, plus AI infrastructure financing demand.

Simply Wall St reports Apollo Global Management (APO) rose about 10.5% after NVIDIA said it signed memorandums of understanding with Apollo and other financial institutions to build independent AI compute financing platforms, targeting more than $500 billion of third-party capital, subject to final agreements. The article cites APO forecasts of $1.1 billion revenue and $6.6 billion earnings by 2028.

Reuters reports Nvidia is partnering with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to launch compute financing platforms to raise over $500 billion of third-party capital for AI infrastructure. Nvidia said it can backstop up to $125 billion. The article also cites Apollo and Blackstone funding Anthropic’s $35 billion expansion and Meta’s $27 billion deal with Blue Owl.

The Wall Street Journal reports that defaults and nonaccruing loans have risen to five-year highs across several large publicly traded private credit funds, including Ares, Golub Capital, Blue Owl Capital, and Blackstone. Blue Owl’s nonaccruals hit 2.8% in Q2. Watchlists of troubled borrowers expanded, while some funds limited redemptions and returns deteriorated.

Apollo Global Management (NYSE: APO) Q2 2026 earnings call transcript. CEO Marc Rowan cited adjusted SRE of $877 million, up 11% year over year, and Q2 origination of $74 billion. He said signed and announced $50 billion would benefit future quarters, and reported organic inflows of $60 billion, including $38 billion in asset management and $22 billion in Athene.

Stocks ended lower ahead of Wednesday’s CPI. Oil fell briefly after Pakistan said the US and Iran are close to an arrangement to reopen the Strait of Hormuz, but Iran said it would keep it shut until conditions are met. Treasuries rose on CPI anticipation. Notable movers included DDOG, ADBE, ORCL, KKR, APO, and ONON after weak sales; AMTM cut guidance; RPD raised EPS outlook.

The article says financial stocks have rebounded after lagging earlier in the year. It cites XLF up more than 13% and KBE up about 13% over three months versus the S&P 500 up about 5%, attributing gains to bank earnings, a steeper yield curve, easing U.S.-Iran tensions, and expectations of less regulation. It also notes RBC expects banks may rise 10% to 20% in 12 months.

KKR said its K-Series for accredited investors saw $3 billion of inflows, lifting AUM to $42 billion, up 70% YoY and 20% YTD, citing advisor distribution and access. Stanger reported non-traded BDC fundraising fell to $2 billion Q2, with net outflows of $3.8 billion. Blue Owl and others discussed redemption trends, product performance, and new evergreen wealth products; Apollo outlined daily NAV targets starting July 1 and Oct. 1.

Reuters, citing Google and internet intelligence data, reports ransom-seeking hackers used phone calls and tailored phishing sites to target employees at US financial firms. Targets included Blackstone, Bridgewater, Apollo, Bain Capital, KKR, TPG, CME Group and Moody’s. Google said some unnamed firms paid ransoms; Reuters could not confirm successful breaches.

US stocks weakened late in the session, with the S&P 500 down 0.3% and Nasdaq down 0.6%. Google fell another 3.5% after leadership changes and concerns about Gemini, despite a claim of 1 billion users. The article links a $500 billion AI capex fundraising theme to gains in KKR (+6.43%) and Apollo (+6.06%), while AppLovin fell 5.63%.