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

2026-07-23 13:34 • The Motley Fool Positive Axe Cap view: Selective

Palantir's competitive advantage lies not in building the smartest AI model, but in controlling the operating layer that connects AI models to enterprise data, workflows, permissions, and actions. This strategy could create a powerful competitive moat, though success depends on Palantir outrunning competitors and justifying its demanding valuation.

Axe note: Palantir isn't chasing the flashiest AI—it’s building the backbone that makes AI work in big companies.

2026-07-23 13:33 • The Motley Fool Negative Axe Cap view: Selective

While SpaceX's Starship development is progressing despite recent test setbacks, the company faces a significant capital challenge. Morgan Stanley analysts estimate SpaceX will need to raise approximately $700 billion over the next decade to scale its Starlink and data center businesses, with average annual cash burn of $84 billion between 2027-2034. The company is not expected to achieve positive free cash flow until 2035. Rising interest rates and competition for capital from other tech companies could force SpaceX to either issue dilutive equity, take on expensive debt, or slow growth investments—all scenarios that pose risks to shareholders.

Axe note: Massive funding needs and high cash burn could strain SpaceX, with clear implications for USD/ZAR and local tech sentiment.

2026-07-23 13:30 • The Motley Fool Positive Axe Cap view: Bullish

The global AI infrastructure market is projected to expand at 26.6% CAGR through 2034. Three infrastructure leaders—Marvell, Coherent, and Vertiv—are positioned to capitalize on this growth through connectivity chips, fiber-optic components, and cooling systems respectively. All three stocks show strong EBITDA growth projections and are considered reasonably valued relative to their long-term potential.

Axe note: Three infrastructure stocks stand to benefit hugely from AI’s data center boom, offering an actionable route into the AI revolution beyond pure chipmakers.