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

2026-10-09 11:33 • The Motley Fool Mixed Axe Cap view: Selective

Amazon and Alphabet have signed 20-year nuclear power purchase agreements with Constellation Energy, signaling the tech industry's commitment to nuclear energy for AI data centers. While Constellation is well-positioned as a major nuclear generator, Cameco—which supplies uranium and owns 49% of Westinghouse—is highlighted as a better investment opportunity, trading 35% below analyst targets as nuclear capacity is expected to triple by 2050.

Axe note: Amazon and Alphabet’s long nuclear deals highlight a trend with indirect implications for the JSE, especially through currency and energy-linked firms.

2026-10-09 11:30 • The Motley Fool Mixed Axe Cap view: Selective

An analyst sold Cipher Digital shares to increase positions in Iren, citing Iren's superior per-megawatt contract values, larger pipeline (5.8 gigawatts), and faster capacity deployment (500 MW in 2027 vs. Cipher Digital's 270 MW). Rising megawatt prices and customer prepayments are expected to help Iren offset capital intensity and dilution concerns.

Axe note: Iren’s superior pricing and faster capacity growth make it a smarter play in AI data center infrastructure.

2026-10-09 11:15 • The Motley Fool Positive Axe Cap view: Selective

The article predicts that Advanced Micro Devices (AMD) and Palantir Technologies will surpass Broadcom's $1.7 trillion valuation within five years. AMD needs approximately 70% growth, supported by its major OpenAI deal for GPU capacity. Palantir would need to roughly quadruple from its current $456 billion valuation, driven by exceptional commercial revenue growth of 149% year-over-year. Both stocks carry execution risks but are positioned to benefit from AI market expansion.

Axe note: AMD and Palantir are positioned to outgrow Broadcom's $1.7 trillion valuation thanks to AI-driven expansion.