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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 Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [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) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [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) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [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) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [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) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [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) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 11 Nov 2026 - - - #### Microsoft $MSFT was down -2% yesterday as Anthropic launched Claude Sheets Microsoft $MSFT was down -2% yesterday as Anthropic launched Claude Sheets to take on Excel, plus Claude Meetings, an AI assistant that joins video calls, follows discussions and starts working on tasks while you're still talking. Claude Meetings works with Google Meet at launch. [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) ![Microsoft $MSFT was down -2% yesterday as Anthropic launched Claude Sheets](https://blog.syzgroup.com/hubfs/1794346338364.jpg) ![Microsoft $MSFT was down -2% yesterday as Anthropic launched Claude Sheets](https://blog.syzgroup.com/hubfs/1794346338364.jpg) 11 Nov 2026 - - - #### Here's what you need to know about the Anthropic IPO Source: Brew markets [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Here's what you need to know about the Anthropic IPO](https://blog.syzgroup.com/hubfs/1794374625354.jpg) ![Here's what you need to know about the Anthropic IPO](https://blog.syzgroup.com/hubfs/1794374625354.jpg) 11 Nov 2026 - - - #### AI data-center developers face massive refinancing pressure. The AI buildout was funded with cheap debt. That cheap debt is about to run out. Starting next year, data center builders have $13.4 billion of debt coming due, per BloombergNEF. Refinancing it at today's rates means paying 2.85 percentage points more in interest, adding at least $380 million in extra costs. That is just the first wave. The companies renting out AI chips, like CoreWeave and Nebius, have $49 billion due from 2030 to 2032. CoreWeave's 2032 bonds now yield above 16%, and the 10-year Treasury yield is back above 5%. So the AI industry will have to refinance hundreds of billions in debt, backed by chips that lose value every year, at the highest rates in decades. If lenders are this worried now, who is going to refinance all of this? Source: Bull Theory on X, Global Markets in X, Bloomberg [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![AI data-center developers face massive refinancing pressure.](https://blog.syzgroup.com/hubfs/1794400070936.jpg) ![AI data-center developers face massive refinancing pressure.](https://blog.syzgroup.com/hubfs/1794400070936.jpg) 11 Nov 2026 - - - #### History does not repeat but it often rhymes. This chart compares the current ChatGPT bull market with the internet bull market of the 90s Source: NDR [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![History does not repeat but it often rhymes.](https://blog.syzgroup.com/hubfs/1794402560338.jpg) ![History does not repeat but it often rhymes.](https://blog.syzgroup.com/hubfs/1794402560338.jpg) 10 Nov 2026 - - - #### One red square in a sea of green Source. Finviz [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![One red square in a sea of green](https://blog.syzgroup.com/hubfs/1794254605219-1.jpg) ![One red square in a sea of green](https://blog.syzgroup.com/hubfs/1794254605219-1.jpg) 10 Nov 2026 - - - #### Morgan Stanley just released a note literally called "Shopping" titled: Buy the Drop Morgan Stanley’s weekend note had a one-word title: “Shopping.” The call? Buy the drop. The bank thinks the market overreacted to the midterms and priced in a deeper slowdown than its forecasts suggest. 1️⃣ The AI buildout is taking longer. Morgan Stanley estimates that roughly 5 GW of US data center projects, about 20% of those slated for 2028, could slip into 2029. Its hyperscaler capex forecasts still stand at $1.6 trillion for 2027 and $1.8 trillion for 2028. Slower additions could keep compute rents elevated. 2️⃣ A year’s delay matters more when you borrow to build. Microsoft, Amazon, Alphabet and Meta have the cash flow to keep investing. Debt-funded operators have to carry financing costs for longer before new capacity starts generating revenue. 3️⃣ Nvidia remains the top pick. Software could lead the next leg. Morgan Stanley sees upside in Nvidia, Broadcom and memory names. But the most interesting part of the call is where it sees future outperformance. Software and cybersecurity companies such as Snowflake, Datadog, Cloudflare, ServiceNow, Palo Alto Networks and CrowdStrike could benefit as customers put all that compute to work. The risk is a 2028 order gap. If tighter permitting or power constraints turn delays into a broader pause, hardware inventories could build and suppliers could lose pricing power. That’s the tension behind “Buy the Drop.” The same delay that supports rents for data centers already online could squeeze the companies selling equipment for the next wave. Source: Frenchie on X [#markets|](https://blog.syzgroup.com/syz-the-moment/tag/markets) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Morgan Stanley just released a note literally called ](https://blog.syzgroup.com/hubfs/1794254316471.jpg) ![Morgan Stanley just released a note literally called ](https://blog.syzgroup.com/hubfs/1794254316471.jpg) 10 Nov 2026 - - - #### Anthropic is targeting Thursday or Friday next week, Nov. 19-20, to begin trading on the Nasdaq Anthropic is targeting Thursday or Friday next week, Nov. 19-20, to begin trading on the Nasdaq under ticker $ANT The company plans to unveil its IPO valuation range early this week, with some major investors pushing for a valuation below the previously expected $1.5T. - WSJ The current implied market cap on Liquid is $1.69 Trillion Source: Wall St Engine [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Anthropic is targeting Thursday or Friday next week, Nov. 19-20, to begin trading on the Nasdaq](https://blog.syzgroup.com/hubfs/1794287319990.jpg) ![Anthropic is targeting Thursday or Friday next week, Nov. 19-20, to begin trading on the Nasdaq](https://blog.syzgroup.com/hubfs/1794287319990.jpg) 9 Nov 2026 - - - #### One thing that isn't slowing is AI adoption by firms Goldman: One thing that isn't slowing is AI adoption by firms which rose by 0.8pp to 24.6% among US establishments (with adoption expected to rise to 28.6% in the next 6 months) according to the Census Bureau’s Business Trends and Outlook Survey (BTOS). Adoption is approaching 50% in the information, professional, and finance sectors. At a detailed subsector level, computing, securities, and publishing firms continue to lead adoption. Source: Neil Sethi, Goldman Sachs [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![One thing that isn't slowing is AI adoption by firms](https://blog.syzgroup.com/hubfs/1794124400775-1.jpg) ![One thing that isn't slowing is AI adoption by firms](https://blog.syzgroup.com/hubfs/1794124400775-1.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/67?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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