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2026-10-02 22:21 • The Motley Fool Positive Axe Cap view: Selective

Applied Digital's stock rose 5% after announcing that its Polaris Forge 1 data center in North Dakota reached ready-for-service status for the second phase of building 2, completing 150 megawatts of critical IT load. The facility is now operationally at 250 megawatts with plans to reach 400 megawatts when fully completed, demonstrating the company's progress in converting large-scale power into AI infrastructure.

Axe note: APLD’s completed phase two of Polaris Forge 1 marks a key step in AI infrastructure growth.

2026-10-02 21:30 • The Motley Fool Positive Axe Cap view: Selective

AI industry growth is driving massive demand for copper due to expanding data center infrastructure and electrification needs. S&P Global predicts a surge in copper demand over coming decades, with copper prices already up 36% in the last 12 months. Investors can gain exposure through copper mining stocks, copper miner ETFs, or direct copper commodity ETFs.

Axe note: Rising copper demand, propelled by AI and electrification, signals a strong opportunity for miners and related stocks.

2026-10-02 21:17 • The Motley Fool Positive Axe Cap view: Selective

Micron Technology reported record fiscal Q4 2026 revenue of $54.2 billion with a 379% year-over-year increase, driven by AI demand. The stock rose 3% post-earnings, breaking a pattern where it had dipped after five of its previous eight reports before recovering within three months. Management announced a significant capital spending increase to over $50 billion for fiscal 2027 to expand cleanroom capacity, but the analyst notes this spending typically hasn't deterred gains historically.

Axe note: Micron’s latest earnings surprise and planned capex ramp reflect the AI-driven memory chip surge, with lessons for South African investors.