Apollo Is Financing Energy, Chips in the AI Boom -- Market Talk

0500 ET - Apollo Global Management CEO Marc Rowan says you cannot be AI sovereign without three things: models, chips and energy. "That's where we are," he says in an interview with WSJ Leadership Institute. "And almost everyone is short energy." Rowan says a very large percentage of--probably about $50 billion to $75 billion of the up to $500 billion in financing Apollo plans to originate this year--will go toward energy. Beyond energy, Rowan says the other piece of the AI boom that Apollo feels comfortable financing is chips. "I believe you can finance chips safely because chips are in short supply," he says. "Today, you can look out and say for the next five years, just like we're short energy, we're short chips." (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 02, 2026 05:00 ET (10:00 GMT)