{
  "disclaimer": "Goldirham Insight: educational research, not financial advice. Scores are editorial opinions, not forecasts. Simulated prices are illustrations, not market data.",
  "rows": [
    {
      "symbol": "AES",
      "name": "AES Corporation",
      "theme": "Hyperscaler contract machine",
      "upside": 8,
      "safety": 7,
      "ai_exposure": 9,
      "review_status": "unreviewed",
      "reviewed_by": null,
      "reviewed_at": null,
      "review_sources": null,
      "thesis": "A pure-play 'build power for the AI customer' model with direct hyperscaler integration.",
      "why_it_could_work": "9+ GW contracted with hyperscalers (Google, etc.) | Co-located generation model = an AI-native utility | Pure-play 'build power for AI customer' business | Direct hyperscaler integration de-risks demand",
      "key_risks": "Higher balance-sheet leverage than Tier 1 names | Emerging-market exposure adds FX and political risk | Execution risk on a large development backlog",
      "cycle_stage": "Undervalued relative to its contract pipeline → still early cycle."
    }
  ]
}