AI & Data Center Spending Concerns Weighed on GE Vernova (GEV)

Mar Vista Investment Partners, LLC, an investment management company, released its "Mar Vista U.S. Quality Premier Strategy" third-quarter 2026 investor letter. The letter can be downloaded here. In Q3 2026, strengthening macroeconomic headwinds—rising interest rates, inflation, and elevated energy prices—weighed on equities, though AI enthusiasm buoyed index leaders. Mar Vista's U.S. Quality Premier strategy returned +1.74% net in Q3 2026 (vs. the S&P 500's +2.30%), aided by IT and financial holdings while industrial stocks detracted. The team initiated SARO and exited ORCL. Moving into the fourth quarter, the firm remains cautious, focusing on valuation discipline amid macro headwinds and unproven AI capital efficiency.