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

2026-10-08 11:33 • The Motley Fool Positive Axe Cap view: Selective

Nebius is scaling rapidly as AI demand accelerates, but success depends on converting $40 billion in customer commitments into productive capacity with strong capital efficiency. The company's financing model, asset-light strategy, and software layer will be critical to supporting its growth as a global AI cloud business.

Axe note: Nebius aims high in AI cloud computing, but South African investors should weigh execution risks and capital demands carefully.

2026-10-08 11:29 • The Motley Fool Mixed Axe Cap view: Selective

Elon Musk confirmed that TSMC is in talks with Terafab alongside Intel, threatening Intel's position as the exclusive chip manufacturing partner for SpaceX and Tesla's joint venture. This development casts doubt on Intel's ability to meet Terafab's needs and could significantly impact Intel's foundry business growth, despite the company's recent stock rally and accelerated 14A production timeline.

Axe note: TSMC entering talks with Terafab weakens Intel’s exclusive foundry ambitions, casting doubt on its growth story.

2026-10-08 11:15 • The Motley Fool Positive Axe Cap view: Selective

The article compares two income-generating investments: 10-year Treasury bonds currently yielding 5.3% (the highest in 24 years) and the Schwab U.S. Dividend Equity ETF (SCHD) with a 3% yield. While Treasuries provide guaranteed $530 annual income, SCHD's historically 10% annual dividend growth could surpass Treasury income by year seven and generate over $700 annually by 2036. However, Treasuries deliver more cumulative income over the decade, while SCHD offers potential for continued growth after maturity.

Axe note: U.S. 10-year bonds offer strong yield now, but dividend growth in stocks can catch up over time.