Skip to content
Axe Capital logo Axe Capital Trading News

Axe Capital Investments

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

Axe Capital Trading News shares simple market takes on the stories moving South African shares, the rand, and a handful of major currency pairs.

What you will find here:

1. JSE shares, South African companies, and the local knock-on effects of big market news.

2. The rand, interest rates, and a small group of forex pairs, with USD/ZAR at the centre.

3. Global stories only when they can actually change how a local investor might act.

Latest market stories

Why Credo Technology Sank This Week
2026-09-03 22:17 The Motley Fool Negative Axe Cap view: Selective

Credo Technology stock plunged 29.5% this week despite beating earnings expectations with 114.7% revenue growth and 130% EPS growth. The sell-off was driven by margin pressure, with GAAP gross margins falling to 64.5% from 68% last quarter, and higher-than-expected stock-based compensation. At a valuation of ~50x true forward earnings when accounting for stock dilution, investors viewed the results as insufficient given the company's already high valuation.

Axe note: A strong revenue beat failed to stop a sharp share price drop due to margin concerns and valuation worries.

Nvidia’s $12.93 Billion Hugging Face Deal Expands Jensen Huang's AI Platform Beyond Chips
2026-09-03 22:13 The Motley Fool Positive Axe Cap view: Selective

Nvidia announced its acquisition of Hugging Face for $12.93 billion on September 3, 2026. The deal gives Nvidia control of a major open-source AI platform used by 18 million developers and 200,000 companies. While Nvidia pledges the platform will remain open and hardware-agnostic, the acquisition strategically positions Nvidia to influence AI software development decisions and potentially drive demand for its chips, despite the steep valuation relative to Hugging Face's $150 million annual revenue.

Axe note: Nvidia's $12.93 billion acquisition highlights increased integration of AI software and hardware, with implications for JSE tech-linked stocks and the rand.

General Motors (GM) Rises Higher Than Market: Key Facts
2026-09-03 21:45 Zacks Investment Research Positive Axe Cap view: Neutral

General Motors (GM) rose 2.77% to $87.22 in the latest session, outperforming the S&P 500's 1.06% gain. However, the stock has declined 4.81% over the past month, underperforming its sector's 7.67% gain. GM is expected to report EPS of $3.37 (up 20.36% YoY) with revenue of $48.22 billion (down 0.77% YoY). The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 6.38, trading at a discount to its industry average of 18.64.

Axe note: General Motors’ recent earnings optimism contrasts with weak recent price performance, signaling a wait-and-see stance.

What we follow

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

JSE and rand