APOLLO GLOBAL MANAGEMENT INC 6.75% CONV PFD STK SER A

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Broadcom Launches AI XPV Platform With Apollo and Blackstone - $Apollo Global(APO.US) $Blackstone(BX.US) $Broadcom(AVGO.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ Broadcom launches 𝐀𝐈 𝐗𝐏𝐕 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 with Apollo and Blackstone as anchor investors.

➤ Platform targets deployment of 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝟐𝟎 𝐆𝐖 of AI compute capacity by 𝟐𝟎𝟐𝟖.

➤ Initial $𝟑𝟓𝐁 tranche led by 𝐀𝐩𝐨𝐥𝐥𝐨 in partnership with 𝐁𝐥𝐚𝐜𝐤𝐬𝐭𝐨𝐧𝐞.

➤ Funding supports Anthropic’s expansion of over 𝟏 𝐆𝐖 of AI infrastructure.

➤ Platform leverages Broadcom 𝐗𝐏𝐔𝐬 and networking solutions for frontier AI labs.

➤ Customers include 𝐀𝐧𝐭𝐡𝐫𝐨𝐩𝐢𝐜 and 𝐎𝐩𝐞𝐧𝐀𝐈, with deployments beginning mid-2026.

➤ Framework aims to lower AI training and inference costs through scalable infrastructure.

💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

“We are at a historic inflection point where the demand for AI compute is fundamentally reshaping the global economic landscape,” said Hock Tan, President and CEO of Broadcom Inc.

“This strategic Platform with Apollo and Blackstone synchronizes the world's most sophisticated capital with Broadcom's advanced technological roadmap to meet this once-in-a-lifetime opportunity by enabling our rapidly scaling customers, starting with Anthropic, to realize their most ambitious AI visions with speed and certainty.”

“The sheer scale of the global AI opportunity requires a bold, collaborative model,” said Jim Zelter, President, Apollo.

“Our investment in this Platform reflects our conviction in Broadcom's technology leadership and Anthropic's frontier roadmap. We are proud to deliver the capital foundation that allows this ecosystem to scale efficiently.”

“The demand for compute has created an unprecedented opportunity to invest at scale across the AI infrastructure ecosystem, including providing financing through our credit and insurance business,” said Jon Gray, President, Blackstone.

“We are proud to support this powerful combination of Broadcom's exceptional technology and Anthropic's pioneering models.”

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Apollo, Blackstone agree $35bn private credit package to fund Anthropic growth - FT - $Alphabet(GOOGL.US) $Apollo Global(APO.US) $Blackstone(BX.US)

Financial Times reports Apollo Global Management and Blackstone have agreed a $35bn private credit package to finance Anthropic’s growth plans. Proceeds will be used to help Anthropic purchase chips developed by Alphabet.

The deal, led by the two private-equity firms, is among the largest private-credit financings to date and underscores investor willingness to fund AI-related data‑centre infrastructure and compute for firms including Anthropic, OpenAI and Meta. Apollo and Blackstone did not respond to requests for comment.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Dell $Dell Tech(DELL.US) says customer conversations around AI infrastructure are increasingly multi-year in nature, with 3-, 4-, and 5-year discussions already underway. The company said it is seeing budgets grow, spending shift toward AI, and expects to exit the year with a meaningful backlog heading into next year. The momentum is showing up in the numbers too: Dell beat revenue expectations by $8 billion, raised its FY revenue guide by $10 billion, beat EPS by 68%, and lifted its FY EPS guide by 25%. The stock was up 40% after hours.

2. Software stocks $Palantir Tech(PLTR.US), $Zeta Global(ZETA.US), $Datadog(DDOG.US), $Shopify (SHOP.US), $Snowflake(SNOW.US), $ServiceNow(NOW.US), $Reddit(RDDT.US) are surging on the same day Anthropic announced a massive new fundraise and released a new model. The “AI is destroying software” narrative may be starting to break as usually during a new Anthropic release, software names are punished.

3. Anthropic has raised $65 billion in a Series H round, valuing the company at $965 billion post-money. The financing was led by Altimeter, Dragoneer, Greenoaks, and Sequoia, and includes $15 billion of previously committed hyperscaler investments, including $5 billion from Amazon. Anthropic also said its run-rate revenue crossed $47 billion earlier this month. For context, the company was valued at $380 billion in February after raising $30 billion.

4. Apollo $Apollo Global(APO.US) and Blackstone $Blackstone(BX.US) are reportedly marketing a roughly $36 billion debt financing package to help fund Google TPU chips for Anthropic, according to Bloomberg. The deal would use a special purpose vehicle to purchase the TPUs and then lease them back to Anthropic for its AI infrastructure needs. Broadcom $Broadcom(AVGO.US), which works with Google on TPU development, is also reportedly helping backstop payments tied to the largest senior portions of the financing.

5. Axios reported today that U.S. and Iranian negotiators have reached a 60-day MOU to extend the ceasefire and begin nuclear talks, though President Trump has not yet given final approval. The draft agreement would make shipping through the Strait of Hormuz “unrestricted,” require Iran to remove mines within 30 days, and gradually lift the U.S. naval blockade as commercial traffic is restored. The MOU also includes Iran committing not to pursue a nuclear weapon, with future talks expected to focus on highly enriched uranium, enrichment activity, sanctions relief, and frozen funds.

6. Cboe $Cboe Global Markets(CBOE.US) has received SEC approval to offer extended-hours trading for certain stock options, with pre-market and post-market options trading set to launch on July 13.

7. The Trump administration is pursuing new funding deals with drone companies, potentially including equity stakes, in an effort to boost domestic production and bring down costs. The Pentagon’s Office of Strategic Capital, which has $210 billion in lending authority, is reportedly vetting companies including Performance Drone Works and Neros Technologies. The push aligns with the Pentagon’s $1.1 billion Drone Dominance program, which aims to produce 300,000 low-cost attack drones $Red Cat(RCAT.US) $Kratos Defense & Security(KTOS.US) $Aerovironment(AVAV.US) $Ondas(ONDS.US) by the end of 2027.

8. Robinhood $Robinhood(HOOD.US) was up 10% today after Trump Accounts went live, a new type of tax-advantaged investment account designed to help eligible American children build long-term financial security from an early age. Under the plan, eligible children born from 2025 through 2028 would receive an initial $1,000 contribution from the U.S. Treasury, while family, friends, and employers could collectively contribute up to $5,000 annually.

9. Retail investors took profits last week, selling $1.1 billion in equities for their largest weekly outflow of the year after three straight weeks of buying. Single stocks drove the selling, with $1.7 billion in outflows, while equity ETFs still saw $571 million in inflows. Meanwhile, institutions bought $219 million and hedge funds added $686 million, reversing from $4.6 billion in sales the prior week. Overall, investors sold $1.9 billion of single stocks and bought $1.6 billion of equity ETFs.

10. Blue origin had an explosion today at a launch site, they wrote: "We experienced an anomaly during today's hotfire test. All personnel have been accounted for. We will provide updates as we learn more." Elon Musk responded with "Sorry to see this, I hope you recover quickly," as Bloomberg also is reporting that $SpaceX(SPCX.US) may be targeting a lower valuation from $2T to $1.8T. The IPO is set for June 12th.

11. U.S. preliminary Q1 GDP came in at +1.6%, below estimates of +2.0%. PCE rose 0.4% MoM versus 0.5% expected and 3.8% YoY, in line with estimates. Core PCE rose 0.2% MoM versus 0.3% expected and 3.3% YoY, in line with estimates. Initial jobless claims came in at 215K, slightly above expectations of 211K.

12. Investor home purchases fell 6% YoY in Q1 to the lowest level since 2020, according to Redfin, as higher rates, insurance, taxes, maintenance costs, and cooling rents pressured returns. The Bay Area was the exception, with purchases up 19% in San Francisco and 12% in San Jose, helped by AI-driven housing demand.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

Gains were spread across the board today but top contributors: $Aevex(AVEX.US) $Celestica(CLS.US) $Jabil(JBL.US) $Crocs(CROX.US) $Taiwan Semiconductor(TSM.US) $Robinhood(HOOD.US) $Neurogene(NGNE.US) $Apollo Global(APO.US)

Grateful for another great day! Have a great weekend!

Source: Minerva Capital

Honestly if I post something in my subscriber chat regarding potential $Taiwan Semiconductor(TSM.US) upstream suppliers,

Then Apollo < $Apollo Global(APO.US) > acquires the company 1 hour later.

I'm probably doing something right?

Source: Serenity