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

2026-10-02 12:30 • The Motley Fool Positive Axe Cap view: Selective

Credo Technology has surged 30% this year as investors bet on AI infrastructure growth. The company's high-speed connectivity chips and cables are seeing strong demand with 114.7% year-over-year revenue growth. With the global AI market expected to grow at 26.6% annually through 2034 and corporate AI spending doubling, Credo is well-positioned to benefit from continued data center expansion, though investors should carefully evaluate current valuation levels.

Axe note: Credo Technology’s sharp rise reflects booming AI demand, but it’s worth questioning if the price already factors in future growth.

2026-10-02 12:15 • The Motley Fool Positive Axe Cap view: Selective

American Express stock has declined nearly 20% from July's peak amid concerns about rising costs and economic health. However, the article argues this represents a buying opportunity, noting the company maintains consistent long-term growth with 10% revenue growth and 12.4% earnings growth expected. Based on historical performance patterns, the stock could reach approximately $540 by 2031, representing ~12% annual gains from current levels.

Axe note: AXP’s 20% pullback masks steady growth and a strong decade-long return potential.

2026-10-02 12:07 • The Motley Fool Positive Axe Cap view: Selective

As the semiconductor market is projected to grow from $796 billion in 2025 to $1.9 trillion by 2027, networking equipment suppliers Arista Networks and Broadcom are positioned for significant growth. Arista's revenue accelerated to 38% year-over-year growth with expanding market share in AI data center switching. Broadcom's AI networking revenue more than doubled, with management projecting AI revenue to reach $230 billion by fiscal 2028. Both stocks offer wealth-building potential despite valuation concerns and dependence on continued AI infrastructure investment.

Axe note: Arista Networks and Broadcom are leading the AI data center push with impressive growth, yet risks linger for SA investors.