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

2026-10-07 01:15 • The Motley Fool Positive Axe Cap view: Selective

Nvidia reached a new all-time high of $243.37 per share, driven by positive macro conditions and strong AI sector momentum. Trading at a P/E ratio of 30, the stock appears undervalued compared to peers like AMD (166 P/E) and Intel (103 P/E), with Wall Street expecting 67% revenue growth to $687 billion in fiscal 2028. While the law of large numbers may eventually constrain growth and competition from AMD, Intel, and custom chips from Amazon and Google pose risks, analysts view Nvidia as well-positioned to capitalize on AI growth and recommend it as a strong buy.

Axe note: Nvidia’s new highs in AI chip leadership offer lessons for South African investors watching USD/ZAR and tech exposure.

2026-10-06 22:33 • The Motley Fool Positive Axe Cap view: Selective

GE Vernova stock surged nearly 4% after Oppenheimer analyst Colin Rusch named it the top stock pick in the power engineering sector. The analyst cited strong growth driven by AI infrastructure buildout and President Trump's executive order banning Chinese bulk power equipment imports, which gives GE Vernova significant pricing power and competitive advantage.

Axe note: GE Vernova's stock jumped on renewed focus on AI infrastructure and import restrictions boosting competitiveness.