--- title: Syz The Moment | magnificent-7 (3) description: magnificent-7 | Syz The Moment (3) --- [![Syz Private banking](https://blog.syzgroup.com/hs-fs/hubfs/Logo.png?width=140&name=Logo.png "Syz Private banking")](https://www.syzgroup.com/fr) ## **Thinking** out loud [Subscribe](https://25733253.hs-sites-eu1.com/newsletter-signup?hsLang=en) [![Contact Us](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/25733253/3d762f49-4e71-4f99-97b1-bf6781ef3da2) - [OUR SERVICES](https://www.syzgroup.com/en/private-banking) - [ABOUT SYZ](https://www.syzgroup.com/en/about/welcome-to-syz) - [CAREERS](https://www.syzgroup.com/en/careers) - [PRESS](https://www.syzgroup.com/en/news) - [Blog Homepage](https://blog.syzgroup.com) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [The week in seven charts](https://blog.syzgroup.com/fast-food-for-thoughts/tag/the-week-in-seven-charts) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Fixed Income Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [Equity Weekly](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [CONTACT](https://www.syzgroup.com/en/contact-us/form) - [ENGLISH](https://www.syzgroup.com/) - [FRANÇAIS](https://www.syzgroup.com/fr) - [Slow Food for Thought](https://blog.syzgroup.com/slow-food-for-thought) - [Focus](https://blog.syzgroup.com/slow-food-for-thoughts/tag/focus) - [Asset allocations Insights](https://blog.syzgroup.com/slow-food-for-thoughts/tag/asset-allocation-insights) - [Market Outlook](https://blog.syzgroup.com/slow-food-for-thoughts/tag/market-outlook) - [Swiss Perspectives](https://blog.syzgroup.com/slow-food-for-thoughts/tag/swiss-perspectives) - [Fast Food for Thought](https://blog.syzgroup.com/fast-food-for-thought) - [Flash](https://blog.syzgroup.com/fast-food-for-thoughts/tag/flash) - [Weekly Fixed Income](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-fixed-income) - [The week in seven charts](https://blog.syzgroup.com/slow-food-for-thoughts/tag/the-week-in-seven-charts) - [Global markets outlook](https://blog.syzgroup.com/fast-food-for-thoughts/tag/global-markets-outlook) - [Weekly Equities](https://blog.syzgroup.com/fast-food-for-thought/tag/weekly-equities) - [Syz the moment](https://blog.syzgroup.com/syz-the-moment) - [Crypto corner](https://blog.syzgroup.com/crypto-corner) - [Syz AI Insights](https://blog.syzgroup.com/syz-ai-insights) - [Our Services](https://www.syzgroup.com/en/private-banking) - [About Syz](https://www.syzgroup.com/en/about/welcome-to-syz) - [Careers](https://www.syzgroup.com/en/careers) - [Press](https://www.syzgroup.com/en/news) - [Contact](https://www.syzgroup.com/en/contact-us/form) - [English](https://www.syzgroup.com/) - [Français](https://www.syzgroup.com/fr) ## **Sign-up** for our newsletter This website uses cookies to enhance user navigation and to collect statistical data. 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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) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [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) - [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) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [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) - [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) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [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 6 Feb 2026 - - - #### Big Tech is spending massively in AI as they all want to win the "AI war". The combined 2026 capex for the Mag 7 now totals $655 BILLION. To put things in perspective, the German government special infrastructure fund is totalling €500 billion OVER 12 YEARS... ‼️ Source: The AI Investor [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Big Tech is spending massively in AI as they all want to win the ](https://blog.syzgroup.com/hubfs/5-Feb-06-2026-04-28-37-5312-PM.jpg) ![Big Tech is spending massively in AI as they all want to win the ](https://blog.syzgroup.com/hubfs/5-Feb-06-2026-04-28-37-5312-PM.jpg) 5 Feb 2026 - - - #### See below the drastic effects on $META and $GOOGL share buybacks trend. Over the last few quarters, the Mag 7 have been transitioning from being asset light (high RoIC, low debt, high Free Cash Flow margins, massive share buybacks) to asset heavy (lower RoIC, rising debt, lower FCF margins, less share buybacks). This should keep weighing both on their valuation multiple and earnings growth. [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![See below the drastic effects on $META and $GOOGL share buybacks trend.](https://blog.syzgroup.com/hubfs/5-Feb-05-2026-04-00-25-5082-PM.jpg) ![See below the drastic effects on $META and $GOOGL share buybacks trend.](https://blog.syzgroup.com/hubfs/5-Feb-05-2026-04-00-25-5082-PM.jpg) 3 Feb 2026 - - - #### Here's how the Magnificent 7 names have performed when they were led by founders vs not Source: Evan Evan StockMKTNewz [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Here's how the Magnificent 7 names have performed when they were led by founders vs not](https://blog.syzgroup.com/hubfs/1-Feb-03-2026-04-04-17-3268-PM.jpg) ![Here's how the Magnificent 7 names have performed when they were led by founders vs not](https://blog.syzgroup.com/hubfs/1-Feb-03-2026-04-04-17-3268-PM.jpg) 7 Jan 2026 - - - #### From Mag7 to Lag7... Mag7 stocks have significantly lagged the rest of the market in 2026 so far... The S&P 493 is up 2.5% YTD, Mag7 -0.6%... Source: www.zerohedge.com, Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![From Mag7 to Lag7...](https://blog.syzgroup.com/hubfs/12-Jan-07-2026-03-37-39-4412-PM.jpg) ![From Mag7 to Lag7...](https://blog.syzgroup.com/hubfs/12-Jan-07-2026-03-37-39-4412-PM.jpg) 5 Jan 2026 - - - #### ⚠️Most of the Magnificent 7 stocks actually LAGGED the S&P 500 in 2025. Out of the 7 Magnificent stocks, only Google, $GOOGL, and NVIDIA, $NVDA, outperformed the broader US stock market index last year with +66% and +39% gains, respectively. This means Microsoft, Meta, Tesla, Apple, and Amazon finished 2025 below the S&P 500. The Magnificent 7 are not so magnificent anymore. Will this continue? What do you think? Source: @charliebilello, Global Markets Investor [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![⚠️Most of the Magnificent 7 stocks actually LAGGED the S&P 500 in 2025.](https://blog.syzgroup.com/hubfs/1-Jan-05-2026-01-12-02-1515-PM.jpg) ![⚠️Most of the Magnificent 7 stocks actually LAGGED the S&P 500 in 2025.](https://blog.syzgroup.com/hubfs/1-Jan-05-2026-01-12-02-1515-PM.jpg) 16 Dec 2025 - - - #### As rightly said by Eric Balchunas many strategists are calling for rotation out of Mag 7 next year.. But let's be honest they said same thing this year and Mag 7 beat market YTD and crushed it since Liberation Day. Will 2026 be different? Source: Bloomberg [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![As rightly said by Eric Balchunas many strategists are calling for rotation out of Mag 7 next year..](https://blog.syzgroup.com/hubfs/9-Dec-16-2025-03-06-55-7630-PM.jpg) ![As rightly said by Eric Balchunas many strategists are calling for rotation out of Mag 7 next year..](https://blog.syzgroup.com/hubfs/9-Dec-16-2025-03-06-55-7630-PM.jpg) 8 Dec 2025 - - - #### 🚨 The AI Boom's Ticking Time Bomb: Debt, Valuation, and the Cost of Capital BNY just dropped a massive reality check. Everyone is celebrating the Magnificent 7's AI investments, but how are they paying for this revolution? The playbook is simple: Free Cash Flow OR... massive debt. (Look at Oracle's recent debt noise—it's a leading indicator). The Math That Makes Value Investors Sweat: The Mag 7 (ex-Tesla) forward P/E is nearly 30x. That's nowhere near "value investor comfort." The market is demanding a clear ROI by 2026. The pace of this AI buildout is directly tied to two things: Future Earnings and the Cost of Capital. The Domino Effect: If Margins Drop or Borrowing Costs Rise, the AI investment boom must slow down. That deceleration hits U.S. GDP hard. Hello, Federal Reserve and Government intervention? The feedback loop's timing will dictate how the entire equity market trades. 2026's Real Headwinds: Everyone expects lower rates, but don't forget the silent killers: Term Premiums Government Deficits (Crowding out private investment) Future Tax Risks The core question isn't whether AI is real—it's whether the current investment pace is sustainable until the returns finally justify the spending. This is the true AI bubble concern. Are we watching a self-sustaining cycle, or an investment spree built on borrowed time (and borrowed money)? Source: Neil Sethi [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![🚨 The AI Boom's Ticking Time Bomb: Debt, Valuation, and the Cost of Capital](https://blog.syzgroup.com/hubfs/6-Dec-08-2025-01-49-06-5233-PM.jpg) ![🚨 The AI Boom's Ticking Time Bomb: Debt, Valuation, and the Cost of Capital](https://blog.syzgroup.com/hubfs/6-Dec-08-2025-01-49-06-5233-PM.jpg) 26 Nov 2025 - - - #### Magnificent 7s Cash Position💰: $MSFT: $102 Billion $GOOGL: $98 Billion $AMZN: $94 Billion $NVDA: $56 Billion $AAPL: $55 Billion $META: $44 Billion $TSLA: $41 Billion Patient Investor @patientinvestt [#equities|](https://blog.syzgroup.com/syz-the-moment/tag/equities) [#magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) ![Magnificent 7s Cash Position💰:](https://blog.syzgroup.com/hubfs/6-Nov-26-2025-01-31-06-6749-PM.jpg) ![Magnificent 7s Cash Position💰:](https://blog.syzgroup.com/hubfs/6-Nov-26-2025-01-31-06-6749-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/2) [1](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/4) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7/page/15?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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