Valued at $76.5 billion by market cap, Apollo Global Management, Inc. (APO) is a prominent alternative asset manager. Founded in 1990 and based in New York, Apollo specializes in private credit, private equity, and real assets. Apollo Asset Management has struggled to keep pace with the broader market, delivering a stark contrast to the recent equity rally. APO stock has plunged 21.5% over the past 52 weeks and 10.6% over the past six months, compared to the S&P 500 Index’s ($SPX) 15% surge and 9.2% rally ...

Group 1 - Apollo has led a $3.5 billion capital solution for Valor Compute Infrastructure L.P. to support its $5.4 billion acquisition and lease of data center compute infrastructure for xAI Corp, including NVIDIA GB200 GPUs [1][2] - The financing utilizes a triple net lease structure and aims to support one of the world's most powerful compute clusters for the development of xAI's AI model, Grok [1][3] - Apollo estimates that global data center infrastructure will require several trillion dollars of investment over the next decade due to increasing demand for compute capacity and AI workloads [4] Group 2 - NVIDIA has invested in VCI as an anchor Limited Partner, highlighting its commitment to the AI infrastructure space [2] - Apollo-managed funds and affiliates have deployed over $40 billion into next-generation infrastructure since 2022, including compute capacity and renewable energy [4] - Valor Equity Partners focuses on investing in high-growth companies and has approximately $55 billion of assets under management as of December 31, 2025 [7]

Core Insights - CoreWeave, in collaboration with NVIDIA and IBM, achieved a significant milestone by delivering the largest-ever MLPerf® Training v5.0 submission using 2,496 NVIDIA Blackwell GPUs, marking a 34x larger scale than the next largest submission from a cloud provider [1][2] - The submission completed the training of the Llama 3.1 405B model in just 27.3 minutes, demonstrating over 2x faster training performance compared to other similar cluster submissions, showcasing the capabilities of the GB200 NVL72 architecture [2][3] - CoreWeave's cloud platform is designed to meet the demands of AI workloads, enabling faster model development cycles and optimized Total Cost of Ownership, effectively cutting training time in half for its customers [3] Company Overview - CoreWeave, known as the AI Hyperscaler™, provides a cloud platform that supports accelerated computing for enterprises and AI labs, with a growing presence of data centers across the US and Europe since its inception in 2017 [4] - The company has been recognized as one of the TIME100 most influential companies and featured in the Forbes Cloud 100 ranking in 2024, highlighting its impact and leadership in the cloud computing space [4]