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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 2 Oct 2026 - - - #### Anthropic might IPO before Thanksgiving, according to Bloomberg. Source: Yahoo Finance [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) ![Anthropic might IPO before Thanksgiving, according to Bloomberg.](https://blog.syzgroup.com/hubfs/1790889938108.jpg) ![Anthropic might IPO before Thanksgiving, according to Bloomberg.](https://blog.syzgroup.com/hubfs/1790889938108.jpg) 2 Oct 2026 - - - #### Anthropic at $2 trillion: outrageous or a bet on extraordinary growth? Its reportedly leaked IPO prospectus tells two stories. Its reportedly leaked IPO prospectus tells two stories. First, the spending: an $8 billion operating loss in 2025 and more than $500 billion in future commitments, reportedly 80% non-cancelable. Then, the growth: ▪️ 2025 revenue: $4.6 billion ▪️ July 2026 annualized run rate: $65 billion ▪️ 2028 revenue forecast: $200 billion At a $2 trillion valuation, that means: 435x 2025 sales 31x July’s annualized run rate 10x projected 2028 sales But a run rate isn’t annual revenue. And a forecast isn’t a result. Was July repeatable or boosted by unusually large deals? Two customers reportedly generated a quarter of 2025 revenue, without long-term commitments. The valuation looks more digestible with every projection. The challenge is turning those projections into revenue. Source: Dan Runkevicius [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) ![Anthropic at $2 trillion: outrageous or a bet on extraordinary growth? Its reportedly leaked IPO prospectus tells two stories.](https://blog.syzgroup.com/hubfs/1790922385331.jpg) ![Anthropic at $2 trillion: outrageous or a bet on extraordinary growth? Its reportedly leaked IPO prospectus tells two stories.](https://blog.syzgroup.com/hubfs/1790922385331.jpg) 1 Oct 2026 - - - #### "PHYSICAL AI CAN BECOME A SIGNIFICANT DRIVER OF MEMORY AND STORAGE DEMAND BY THE END OF THIS DECADE." MICRON $MU Source: TrendSpider [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![](https://blog.syzgroup.com/hubfs/1790801619017.jpg) ![](https://blog.syzgroup.com/hubfs/1790801619017.jpg) 1 Oct 2026 - - - #### Same Big Mac. Two miles apart. Two very different prices. $5.69 at one Fresno McDonald’s. $6.89 down the road. According to Reuters, McDonald’s uses AI to recommend restaurant prices based on local “customer willingness to pay.” Franchisees say they face pressure to follow those recommendations. When customers are already feeling squeezed, calculating how much more they will tolerate seems a questionable recipe for rebuilding loyalty. The incentives deserve scrutiny. McDonald’s collects rent and a share of restaurant revenue. Higher prices can benefit corporate. Franchisees face the customers—and risk losing their business. AI can optimize a price. But can it tell you when that price breaks trust? The real question isn’t how much customers are willing to pay today. It’s whether they’ll come back tomorrow. Source: Hedgie [#Food for Thoughts|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Same Big Mac. Two miles apart. Two very different prices.](https://blog.syzgroup.com/hubfs/1790832855462.jpg) ![Same Big Mac. Two miles apart. Two very different prices.](https://blog.syzgroup.com/hubfs/1790832855462.jpg) 1 Oct 2026 - - - #### Accenture $ACN is up +20% in premarket after crushing its Q4 earnings. EPS beat at $3.29 vs $3.18 expected. Revenue beat at $18.7 billion. Margins expanded from 11.6% to 15.3% in a single year, a massive jump for a company this size. Wall Street spent the last year betting AI would kill Accenture's business, since AI can do a lot of the work consultants used to bill for. This quarter says the opposite is happening. Companies are paying Accenture more than ever, specifically to help them figure out how to use AI. Looks like Accenture isn't losing to AI, It's getting paid to install it everywhere. Source: Bull Theory [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Accenture $ACN is up +20% in premarket after crushing its Q4 earnings.](https://blog.syzgroup.com/hubfs/1790859433547.jpg) ![Accenture $ACN is up +20% in premarket after crushing its Q4 earnings.](https://blog.syzgroup.com/hubfs/1790859433547.jpg) 29 Sep 2026 - - - #### Michael Burry says he has covered his short positions on $MU, $NBIS, $CAT, $SOXX, $CRWV, $NVDA, and $PLTR. He says he replaced many of these short positions with put positions, and cited tax loss harvesting as some of the motivation behind these changes. He says he believes the AI bubble "may burst sooner rather than later." Source: Trend Spider [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Michael Burry says he has covered his short positions on $MU, $NBIS, $CAT, $SOXX, $CRWV, $NVDA, and $PLTR.](https://blog.syzgroup.com/hubfs/1790628450000.jpg) ![Michael Burry says he has covered his short positions on $MU, $NBIS, $CAT, $SOXX, $CRWV, $NVDA, and $PLTR.](https://blog.syzgroup.com/hubfs/1790628450000.jpg) 29 Sep 2026 - - - #### Anthropic IPO prospectus leaked to Reuters Anthropic files for an IPO that could value the company at more than $2 TRILLION, per Reuters. Details from Anthropic's IPO prospectus: 1. Reported a net loss of $42B in 2025. 2. Anthropic plans to spend $518B on future cloud, computing and infrastructure commitments. 3. Operating loss increased to $8.06B from $2.98B in 2024. 4. Its IPO valuation could exceed $2 TRILLION, more than double its $965B valuation in May. 5. Revenue surged 12x in 2025 to $4.6B. 6. Almost 25% of its revenue came from just two customers. The IPO could be pushed back until after the November US midterm elections. Source: Bull Theory, Wolf financial [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Anthropic IPO prospectus leaked to Reuters](https://blog.syzgroup.com/hubfs/1790661262334.jpg) ![Anthropic IPO prospectus leaked to Reuters](https://blog.syzgroup.com/hubfs/1790661262334.jpg) 28 Sep 2026 - - - #### Today’s "AI Big 10" (Mag 7 plus Broadcom, AMD and Micron) is 41% of US market cap, which is where all previous major bubbles peaked Source: zerohedge, BofA [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Today’s ](https://blog.syzgroup.com/hubfs/1790492961174.jpg) ![Today’s ](https://blog.syzgroup.com/hubfs/1790492961174.jpg) [1](https://blog.syzgroup.com/syz-the-moment/tag/ai/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/ai/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/ai/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/ai/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/ai/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/ai/page/2) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/60?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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