Core Viewpoint - Small-cap stocks are becoming undervalued following recent market sell-offs, particularly affecting AI growth companies [1] Group 1 - The recent market selling has primarily targeted AI growth names, leading to a decline in their valuations [1] - As a result of this market activity, small-cap stocks are starting to appear cheap again, presenting potential investment opportunities [1]

Market Performance - The S&P 500 Index and Dow Jones Industrial Average achieved record closes following better-than-expected GDP data for Q2 [1] - Despite a strong performance from NVDA, which highlighted impressive AI growth, stocks faced profit-taking, leading to weekly losses for all three major indexes [1] - The personal consumption expenditures (PCE) price index for July met estimates, but this did not prevent the market decline [1] Economic Indicators - A decline in durable goods orders for July raised concerns among investors, although these concerns were quickly set aside [2] Technology Sector - NVDA earnings were a focal point, but other tech companies also drew attention, including a U.S. government stake in Intel (INTC) [3] - Optimism was noted ahead of Okta's (OKTA) earnings report, while CrowdStrike (CRWD) prepared to release its results [3] - Advanced Micro Devices (AMD) received a "buy" upgrade due to AI prospects, contrasting with Dell Technologies (DELL), which issued a downbeat forecast despite a top- and bottom-line win [3] Retail Sector - Tariff concerns impacted the retail sector, with American Eagle Outfitters (AEO) struggling after a downgrade [4] - Abercrombie & Fitch (ANF) and Kohl's (KSS) saw stock rallies following their quarterly reports, while Dollar General (DG) and Five Below (FIVE) experienced opposite post-earnings movements [4] - Best Buy (BBY) reported better-than-expected Q2 results, while Gap (GAP) exceeded profit estimates but fell short on revenue [4] - Signet Jewelers (SIG) shares surged following the engagement of Travis Kelce and Taylor Swift, with the ring valued between $675,000 and $1 million [4] Upcoming Events - A holiday-shortened week will feature significant jobs, manufacturing, and services data, with markets closed on Monday for Labor Day [5] - Earnings reports from various companies, including American Eagle (AEO), Asana (ASAN), and Campbell Soup (CPB), are expected to keep Wall Street active [5]

Market Position & Valuation - Nvidia 市值达到 4 万亿美元，创历史新高 [1] - Nvidia 被视为 2022 年以来所有市场风险最清晰的晴雨表 [1] Investor Confidence - Nvidia 是投资者对科技和人工智能增长信心的最佳指标 [1] Geopolitical Factors - Nvidia 的表现也反映了市场对美中关系和关税形势的信心 [1]

Core Insights - Duke Energy and GE Vernova have formed a significant partnership to supply natural gas turbines and associated equipment to address the increasing energy demands from advanced manufacturing and data centers [1][9] - The partnership includes a plan to advance projects for up to 11 7HA gas turbines, complementing eight recently secured turbines, aligning with Duke Energy's integrated resource plans [2][9] - The collaboration is part of a broader strategy to enhance energy reliability and keep customer costs low while preparing for future growth scenarios [2][3] Company Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states, with a total energy capacity of 55,100 megawatts [5] - The company is actively pursuing an energy transition focused on reliability and value, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [6] Investment and Expansion - GE Vernova is expanding its Greenville, S.C. facility as part of a nearly $600 million investment in U.S. manufacturing over the next two years, which includes a $300 million investment in its Gas Power business [3] - This expansion aims to replace legacy manufacturing processes with lean manufacturing lines, increasing supplier capacity and creating over 1,500 new jobs [3] Strategic Benefits - The arrangement allows Duke Energy to utilize existing infrastructure, including transmission capabilities, which will significantly reduce costs and expedite the time to market for new energy solutions [4] - GE Vernova's commitment to developing innovative solutions is highlighted as essential for meeting current and future energy demands [4][10]