Clear market notes built around the JSE, the rand, and what matters locally.

2026-10-08 16:30 • The Motley Fool Positive Axe Cap view: Selective

Both AMD and Intel are capitalizing on the AI boom with strong financial results, but AMD appears to have more upside potential. AMD is growing faster, gaining market share in data centers, and trading at a more attractive valuation (39.5x forward earnings vs. Intel's 63.3x), while Intel continues to face manufacturing challenges despite recent improvements.

Axe note: AMD shows clearer growth and valuation advantages over Intel amid AI-driven demand, but local investors should weigh these gains against currency risks.

2026-10-08 16:22 • The Motley Fool Positive Axe Cap view: Selective

Anthropic plans to spend over $518 billion on cloud and computing infrastructure over the next decade as it prepares for an IPO with a $2 trillion valuation target. While the company's revenue grew 12-fold to $4.6 billion in 2025 with an annualized run rate of $65 billion by July 2026, about 80% of the spending is non-cancellable and the company faces significant customer concentration risk, with nearly a quarter of revenue from just two customers and limited long-term contracts.

Axe note: Anthropic’s massive $518 billion cloud push highlights challenges and opportunities through US tech giants and rand movements.

2026-10-08 15:45 • The Motley Fool Positive Axe Cap view: Selective

CoreWeave and Nebius are competing AI cloud computing providers with impressive growth rates. Nebius grew 454% in Q2 versus CoreWeave's 112%, but CoreWeave is projected to have significantly larger revenue ($26.3B vs $12.3B by 2027) and is closer to profitability. The article concludes CoreWeave appears to be the better value pick, though both companies carry significant execution risk.

Axe note: CoreWeave offers a more balanced AI cloud investment versus Nebius’ breakneck growth but higher risk.