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

2026-07-29 06:15 • The Motley Fool Positive Axe Cap view: Selective

Meta Platforms is in early talks with Anthropic to lease $10 billion of AI computing capacity over two years, potentially launching a cloud computing business. This deal could justify Meta's massive AI spending and serve as the first of many similar partnerships, turning cloud computing into a meaningful growth driver as AI infrastructure spending expands.

Axe note: Meta aims to lease $10 billion in AI compute to Anthropic, signaling a potential new revenue stream beyond advertising.

2026-07-29 06:05 • The Motley Fool Neutral Axe Cap view: Selective

SpaceX stock has declined over 10% from its IPO price despite raising $87.5 billion in the offering plus $25 billion in bonds. While the company remains unprofitable and faces $350 billion in planned capital expenditures through 2030, analysts argue the lower valuation (now $1.5 trillion vs. $1.77 trillion at IPO) makes it more attractive. Recent successful Starship test flights validate the company's growth strategy, though significant financing will still be needed.

Axe note: Despite a 10% drop from IPO price, SpaceX's future pivots on heavy spending and tech breakthroughs.

2026-07-29 03:23 • The Motley Fool Positive Axe Cap view: Selective

Alphabet announced plans for massive data center investments in the coming year, signaling continued commitment to AI infrastructure. The company spent $45 billion on AI in the last quarter and plans to spend an additional $811 billion, demonstrating significant capital allocation toward artificial intelligence initiatives.

Axe note: Alphabet’s huge AI data center spend shows conviction, but local investors should watch USD/ZAR first.