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

2026-10-07 11:33 • The Motley Fool Positive Axe Cap view: Selective

Broadcom's AI semiconductor revenue surged 221% year-over-year in Q3, driven by custom AI accelerators (XPUs) designed with hyperscalers like Google, Meta, and OpenAI. Custom chips offer better power efficiency, faster inference, and higher returns on capital compared to GPUs, making them increasingly attractive as hyperscalers face capital constraints. While Nvidia's data center business is currently 4x larger, custom silicon is winning by volume among major customers and could eventually become a bigger business than GPUs.

Axe note: Broadcom's AI revenue is booming thanks to custom chips that could reshape data centers and impact the USD/ZAR exchange.

2026-10-07 11:30 • The Motley Fool Positive Axe Cap view: Selective

With 10-year Treasury yields at 5.3%, the author argues that three dividend stocks offer better long-term value than bonds due to their growing dividend streams and earnings potential over a decade. Church & Dwight, Nike, and Hormel Foods are presented as alternatives that can compound income over time, despite near-term risks for some.

Axe note: Despite 10-year yields at 5.3%, some dividend stocks still offer better long-term growth than bonds.

2026-10-07 11:24 • The Motley Fool Positive Axe Cap view: Selective

A $3,000 investment in SpaceX at the start of September grew to approximately $3,182 by October 1st, representing a 6% gain and outperforming the S&P 500's 0.4% return. Analysts are bullish on the stock with a median one-year price target of $212 (23.9% upside from October 5 closing price), though the company's ambitious AI infrastructure plans require significant capital spending and years to materialize.

Axe note: SpaceX outperformed US markets in September, yet heavy spending and delayed returns caution local investors.