Asset manager stocks rose in trading reported on October 30, 2026, with Blue Owl shares up 6.5% as investors weighed the costs and potential returns of artificial intelligence infrastructure. The Nasdaq and S&P 500 were under pressure at the same time.
Key Takeaways
- Apollo Global shares gained 3.7%, while KKR and Blackstone each rose 2.5%.
- Blue Owl and Ares described data-center strategies focused on long-term tenants.
Asset manager stocks climb
Ares Management shares gained 2%, joining advances across several alternative asset managers. The reported moves are trading observations, not closing prices; a precise observation time was not provided.
The gains came amid concerns about the cost of building AI infrastructure, the time needed to generate returns and the borrowing required to finance investment. The moves alone do not establish what caused the individual stocks to rise.
| Item | Details |
|---|---|
| Blue Owl | Shares up 6.5% |
| Apollo Global | Shares up 3.7% |
| KKR | Shares up 2.5% |
| Blackstone | Shares up 2.5% |
| Ares Management | Shares up 2% |
Long-term leases underpin data-center strategies
Data centers house the computing equipment used to train and run AI models. Blue Owl’s explanation of digital infrastructure describes how data centers, networks and users connect to support computing services.
Blue Owl said it had more than 130 data centers operating or under construction, representing nearly 14 gigawatts of leased and owned capacity, with another 21 gigawatts in its pipeline. Chief Financial Officer Alan Kirshenbaum said the company’s investments involved taking the credit risk of tenants including Microsoft, Amazon and Meta.
Ares said its development strategy focuses on metropolitan areas including Tokyo, Osaka, London and Sao Paulo. It said it pre-leases projects to investment-grade hyperscalers under 12- to 15-year leases with inflation escalators and no termination rights.
Ares estimates that AI-related capital expenditure demand will total just over $5 trillion through 2030, including roughly $2 trillion for physical data-center buildings and adjacent power generation and transmission infrastructure. These are estimates, not completed spending.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
Comments
Be respectful. No spam, impersonation or private credentials. Ordinary posts and comments appear immediately; suspicious links are held for review.
Please wait…