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

2026-10-01 20:05 • The Motley Fool Positive Axe Cap view: Selective

Google struck a deal with Georgia Power to fund nuclear plant upgrades at Vogtle and Hatch facilities, adding 96 MW of capacity to support new data centers. GE Vernova and Brookfield Renewable are positioned to benefit from the upgrades through their nuclear technology and services divisions, though regulatory approval and multi-year timelines remain.

Axe note: Google’s nuclear push in the US signals energy shifts with subtle rand and JSE sector implications.

2026-10-01 19:26 • The Motley Fool Positive Axe Cap view: Selective

Amphenol, a maker of connectors and cables for AI infrastructure, is trading near all-time highs with strong fundamentals. Despite a 311.6% three-year gain, the company's Q2 results show 55% sales growth, 67% EPS growth, and a healthy book-to-bill ratio of 1.23, suggesting continued momentum. While the stock has underperformed peers this year, recent quarterly trends favor Amphenol, and analysts suggest the next leg of growth may still be ahead.

Axe note: Amphenol’s strong AI-driven growth is impressive, but the share price is testing patience.

2026-10-01 19:17 • The Motley Fool Positive Axe Cap view: Selective

SK Hynix and ASML are both benefiting from AI demand, but their revenue trajectories differ significantly. ASML shows steady, gradual quarterly growth due to long manufacturing timelines for EUV lithography equipment, while SK Hynix demonstrates rapid acceleration in memory chip sales driven by surging demand and rising memory prices. SK Hynix's Q2 2026 revenue reached $52.6 billion compared to ASML's $10.8 billion, highlighting divergent growth patterns in the semiconductor supply chain.

Axe note: ASML's slow but steady growth contrasts with SK Hynix’s rapid revenue surge, highlighting different ways to play AI demand.