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

2026-07-31 16:30 • The Motley Fool Positive Axe Cap view: Selective

NuScale Power is positioned to benefit from surging electricity demand driven by AI, data centers, and EV adoption. The company has NRC-approved small modular reactor (SMR) technology and two potential first deployments in Romania and the U.S. The author predicts that by 2036, successful deployment will establish confidence in the technology, potentially transforming NuScale into a long-term wealth builder for patient investors willing to hold for a decade.

Axe note: NuScale’s small modular reactors could reshape energy demand by 2036, but patience and local context matter.

2026-07-31 16:28 • The Motley Fool Positive Axe Cap view: Selective

Micron Technology stock has fallen nearly 28% from its 52-week high due to competition concerns from Chinese memory manufacturer CXMT, worries about AI infrastructure spending, and broader market uncertainty. However, analysts remain bullish as memory demand significantly outpaces supply, with SK Hynix projecting a 20% shortage through 2030. The stock trades at attractive valuations (19.5x current earnings, 5.4x forward earnings), presenting a potential buying opportunity for long-term investors.

Axe note: Micron's shares have dropped on Chinese competition fears, but memory shortages still support a bullish case.

2026-07-31 16:21 • The Motley Fool Mixed Axe Cap view: Selective

Rivian's stock has plummeted 80% since its 2021 IPO despite initial comparisons to Tesla. While the company expects delivery growth from 42,247 vehicles in 2025 to 62,000-67,000 in 2026 driven by its cheaper R2 SUV, it faces significant challenges including supply chain constraints, reduced EV subsidies, and intense competition. Even at its projected delivery levels, Rivian would only match Tesla's 2016 performance, making it unlikely to replicate Tesla's growth trajectory in today's crowded EV market.

Axe note: Rivian's delivery targets and market position pale compared to Tesla’s historic rise, with little direct impact on local JSE players or the rand.