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

2026-10-12 09:14 • The Motley Fool Positive Axe Cap view: Selective

ASML, the world's only commercial supplier of extreme ultraviolet (EUV) lithography systems, is positioned as a compelling but overlooked investment in the AI infrastructure boom. The Dutch semiconductor equipment manufacturer is essential for producing advanced chips used by major foundries like TSMC, Samsung, and Intel. With expanding partnerships around High-NA EUV technology and strong expected earnings growth (55% revenue increase expected in Q3), ASML offers exposure to AI infrastructure development through the critical equipment layer.

Axe note: ASML, the sole supplier of critical chip-making equipment, offers a unique angle on the AI boom with subtle implications for the rand and local tech exposure.

2026-10-12 09:10 • The Motley Fool Positive Axe Cap view: Selective

CoreWeave and Cerebras Systems, two AI infrastructure stocks that have recently declined, are expected by Wall Street analysts to surge approximately 75% over the next 12 months. CoreWeave, a specialized AI cloud provider with strong Nvidia backing, has fallen 37% since May but delivered record revenue. Cerebras, a newer GPU challenger with innovative Wafer-Scale Engine technology, has dropped 9% since its May IPO but reported strong earnings and 200%+ cloud revenue growth.

Axe note: Two AI infrastructure companies have fallen sharply yet may offer big upside, with Nvidia’s role pivotal.

2026-10-12 09:06 • The Motley Fool Positive Axe Cap view: Selective

Warren Buffett retired as Berkshire Hathaway CEO on December 31, 2025, after outperforming the S&P 500 by over 6,000,000%. His preferred valuation metric, the Buffett Indicator, has reached 240%—the highest in history, surpassing the Dot-Com Bubble and 2008 Financial Crisis. Buffett was a net seller of stocks for 13 consecutive quarters before retirement, accumulating a large cash position. The article argues that current stock valuations are extremely expensive, and investors should heed Buffett's famous advice to be fearful when others are greedy.

Axe note: Sky-high valuations signal it’s prudent to dial back risk on the JSE and watch the rand closely.