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0.000616229612512037 0.000602833316587986 0.00284671288388749 0.00331558324123383 0.00519106467061842 0.00592786094644825 0.00847315717204184 0.0079192203355772
Stock impact report

Apollo CEO says some AI fortunes may be lost [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
Great fortunes may be lost," Apollo Global Management CEO Marc Rowan told Yahoo Finance. ( Disclosure: Yahoo Finance is owned by Apollo Global Management.) Rowan warned of intermediary companies, such as specialized real estate firms that build and own the data centers that are used by tech giants. There's a distinction between lending money to data centers and owning a stake in them, he said. For credit investors like Apollo, the current demand for data is a safety buffer. "As a credit investor, you want to get paid back before you get to renewal, because it is very clear today and for the next few years that the demand for data is unbelievably strong," he said, referring to the non-negotiable leases signed with “Magnificent Seven” companies. "Therefore, for the next period of time, based on contracts going in today, we should have very safe cash flows in which to amortize credit." But while lenders are focused on the leases — typically lasting 10 to 15 years — equity investo Show less Read more
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