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

2026-08-11 18:30 • The Motley Fool Mixed Axe Cap view: Selective

The article compares C3.ai and Salesforce as AI-focused software investments. C3.ai faces significant challenges with a 35.7% revenue decline, $470.4M net loss, negative free cash flow, and customer concentration risk. Salesforce demonstrates strong fundamentals with $41.5B revenue (+9.6% YoY), $7.5B net income, and robust AI product adoption ($3.4B ARR for Agentforce). The author recommends Salesforce as the better buy due to superior financial health and business momentum despite both stocks declining in 2026.

Axe note: Salesforce’s solid financial footing and AI adoption make it a safer bet than C3.ai amid industry challenges.

2026-08-11 18:30 • The Motley Fool Positive Axe Cap view: Neutral

SpaceX's stock rallied 15.8% on August 6-7 when insider lockup restrictions expired, contrary to expectations of a decline. Despite the company's significant unprofitability ($4.9 billion net loss in 2025) and high capital expenditures, analysts maintain an optimistic outlook with a median price target of $217, suggesting potential 63% upside from the August 6 closing price of $133.11.

Axe note: SpaceX’s strong post-lockup rally suggests confidence despite deep losses and heavy spending.

2026-08-11 18:23 • The Motley Fool Neutral Axe Cap view: Selective

D-Wave Quantum's revenue declined 44% to $12.4 million year-over-year, yet its market value surged 38% to $7.5 billion. The divergence reflects strong future demand signals: first-half bookings jumped over 1,100% to $35.5 million (including a $20 million system sale), and remaining performance obligations reached $40.7 million. However, the company trades at 600x trailing revenue with significant losses ($48 million net loss in Q2 2026), requiring years of growth to justify its valuation.

Axe note: D-Wave’s revenue drops but market value surges on future bookings, posing a risky bet.