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

2026-09-03 09:32 • The Motley Fool Positive Axe Cap view: Selective

Amazon Web Services (AWS) is positioned as the primary growth driver for Amazon's future investment potential. Despite representing only 21% of sales, AWS generated 60% of operating income in Q2 with a 39.3% operating margin, compared to North American commerce's 7.8%. AWS grew 37% in Q2 while investing heavily in AI infrastructure, making it increasingly central to Amazon's profitability and margin expansion.

Axe note: Amazon Web Services powers growth, offering a strong lens on tech investment and the rand.

2026-09-03 09:30 • The Motley Fool Mixed Axe Cap view: Selective

The article argues that Nvidia will outperform AMD through 2028 despite AMD's strong 2026 performance. Nvidia's revenue growth of 106% significantly exceeds AMD's 50% growth, driven by Nvidia's dominant data center focus versus AMD's slower-growing consumer division. Additionally, AMD trades at 62x forward earnings (nearly 3x more expensive than Nvidia), suggesting AMD must grow into its valuation while Nvidia remains undervalued relative to the market.

Axe note: Nvidia’s data center dominance and valuation edge set it up to outperform AMD over the next several years.

2026-09-03 09:28 • The Motley Fool Positive Axe Cap view: Selective

AST SpaceMobile pushed back its target of deploying 45 satellites from late 2026 to early 2027, disappointing investors and contributing to a stock decline from a record high of $133.09 to the low $60s. Despite the delay caused by the loss of BlueBird 7 in April, the company maintains strong fundamentals including partnerships with 60+ carriers, a $1.3 billion backlog, and analyst projections showing revenue growth from $71 million in 2025 to $1.73 billion by 2028.

Axe note: AST SpaceMobile’s satellite launch pushback pressures near-term sentiment but keeps long-term growth intact.