# If KKR & Co. moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/kkr-co · Facet: ripple · Updated: 2026-10-16T20:31:35.749+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, KKR & Co. is directly linked to 2 companies (0 supply, 0 revenue, 2 investment relationships) and reaches 3 companies within two hops; the links are backed by 9 dated sources, 3 of them primary filings (as of 2026-10-16).

KKR shares ran ahead in 2023 (+80.5%) and 2024 (+79.6%) on expectations for an AI-infrastructure investment boom and a private-markets recovery, then corrected 13.3% in 2025 and 32.0% through October 16, 2026. Operations moved the other way: Q2 2026 AUM rose 16% to $796 billion and quarterly fee-related earnings grew 37% to $1.2 billion. KKR supplies capital to AI and power demand through investments such as Sempra Infrastructure, but its stock responds earlier to rates, valuation and fundraising than to the construction cycle of portfolio assets. Blackstone was also down 23.5% in 2026, separating operating growth from the listed-alternatives clock. Baseline nodes Ares and Apollo are the next comparison set. Their fee-paying assets, insurance perpetual capital and private-credit stress will show whether this is KKR-specific or a sector repricing.

## Supply chain (benefiting)
- T1 AppLovin Corporation (https://valuechain.wiki/applovin.md)
- T2 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Broadcom (https://valuechain.wiki/broadcom.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 Intel (https://valuechain.wiki/intel.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 Alchip Technologies (https://valuechain.wiki/alchip.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 TeraWulf (https://valuechain.wiki/terawulf.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 NextEra Energy (https://valuechain.wiki/nextera-energy.md)
- T3 Berkshire Hathaway (https://valuechain.wiki/berkshire-hathaway.md)
- T3 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 Flex Ltd. (https://valuechain.wiki/flex-ltd.md)
- T3 Comcast Corporation (https://valuechain.wiki/comcast.md)
- T3 Duke Energy Corporation (https://valuechain.wiki/duke-energy.md)
- T3 Xcel Energy (https://valuechain.wiki/xcel-energy.md)
- T3 Ameren Corporation (https://valuechain.wiki/ameren.md)
- T3 Fox Corporation (https://valuechain.wiki/fox.md)
- T1 Sempra (https://valuechain.wiki/sempra.md)

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Full node: https://valuechain.wiki/kkr-co.md · JSON: https://valuechain.wiki/kkr-co.json