On August 12, KKR & Co LP rose 6.18% in regular trading, trading at $110.125/share, with turnover of $2.39 billion. Multiple catalysts converged to propel the stock higher.
On the news front, NVIDIA announced a partnership with KKR, Apollo, BlackRock, Blackstone, Brookfield, and Goldman Sachs to establish AI compute infrastructure financing platforms aimed at mobilizing over $500 billion in third-party capital. The new platforms will turn NVIDIA compute and full-stack AI infrastructure into an investable asset class for global capital. This initiative positions KKR at the forefront of AI infrastructure financing, complementing its record $19.2 billion Global Infrastructure Investors V fund closed earlier this month.
Additionally, KKR's Q2 results posted its highest-ever monetization quarter, with AUM reaching $796 billion and fee-related earnings surging beyond expectations. Jefferies raised its price target to $129 from $125 maintaining a Buy rating, while BNP Paribas lifted its target to $127. The firm also announced a $5.7 billion acquisition of Integer Holdings and a $1.2 billion acquisition of Medicover India, demonstrating aggressive capital deployment.
Within the Asset Management sector, Brookfield Asset Management rose 4.32%, Ares Management up 4.2%, Blue Owl Capital up 4.03%, Blackstone up 3.92%, and BlackRock up 1.31%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
