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2026-07-23 17:36 • The Motley Fool Positive Axe Cap view: Selective

Alphabet increased its 2026 capex guidance to $195-205 billion (from $180-190 billion), joining Amazon in the $200 billion spending club, though the stock fell 6% following the announcement. The article analyzes whether Amazon will similarly raise its capex guidance on July 30 earnings and discusses investor concerns about whether big tech companies can realize profits from massive AI infrastructure investments.

Axe note: Alphabet joins Amazon’s $200bn capex spree, but South African investors should watch carefully before piling in.

2026-07-23 17:30 • The Motley Fool Positive Axe Cap view: Selective

Astera Labs and Advanced Micro Devices are both benefiting from AI infrastructure demand, but with different growth profiles. Astera Labs is growing faster with 93% year-over-year revenue increase in Q1 2026 ($308.4M), while AMD maintains a much larger absolute revenue base at $10.3B with 38% YoY growth. Astera Labs has posted eight consecutive quarters of growth, while AMD's growth has been more fluctuating, narrowing the historical revenue gap between the two companies.

Axe note: Astera's rapid revenue climb contrasts with AMD's size and steady growth, providing a nuanced view for investors.

2026-07-23 17:23 • The Motley Fool Positive Axe Cap view: Selective

The article highlights three AI stocks positioned to benefit from the growing AI infrastructure boom: Taiwan Semiconductor Manufacturing (TSMC), which is investing $100 billion in Arizona facilities for advanced chip production; Micron Technology, which saw net income surge 1,400% with strong DRAM demand from data centers; and Nebius Group, an AI cloud services company backed by Nvidia with $2 billion in investment and major partnerships with Meta.

Axe note: Global AI infrastructure investments spotlight opportunities and challenges for South African stocks and the rand.