--- title: Syz The Moment description: Syz The Moment --- [![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) - [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) - [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) - [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) - [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) - [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) - [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 29 Oct 2026 - - - #### Microsoft $MSFT+4% on a strong Azure beat and CapEx coming in well below expectations. \- Azure Growth: +48% YoY vs. +44.7% est. - CapEx: $39.4B vs. $46.6B est. MICROSOFT $MSFT Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $92.3B (Est. $90.69B) 🟢; +19% YoY 🔹 Adj. EPS: $4.89 (Est. $4.73) 🟢; +18% YoY 🔹 Oper Income: $45.9B (Est. $44.06B) 🟢; +21% YoY 🔹 Adj. Net Income: $36.4B (Est. $35.13B) 🟢 🔹 Azure: $33.2B (Est. $32.32B) 🟢; +48% YoY 🔹 Azure Growth ex-FX: +48% (Est. +45.2%) 🟢 🔹 Azure Growth: +48% YoY (Est. +44.7%) 🟢 🔹 Microsoft Cloud: $63.9B; +30% YoY 🔹 Commercial RPO: $677B (Est. $705.6B) 🔴 Financials: 🔹 CapEx: $39.4B (Est. $46.59B) 🟢 🔹 CapEx to Revenue: ~42.7% Key Updates: 🔹 OpenAI Impact: $207M net gain; $0.03 EPS impact Capital Return: 🔹 Returned $10.2B to shareholders via dividends & share repurchases CEO Commentary – Satya Nadella: 🔸 “By helping organizations build and own their own intelligence, and earning trust through agent safety and security, we are translating our innovation into growing adoption and real-world impact across every industry.” CFO Commentary – Amy Hood: 🔸 “Results exceeded expectations across revenue, operating income, and earnings per share.” Source. Wall St Engine [#earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [#microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) ![Microsoft $MSFT+4% on a strong Azure beat and CapEx coming in well below expectations.](https://blog.syzgroup.com/hubfs/1793220106277.jpg) ![Microsoft $MSFT+4% on a strong Azure beat and CapEx coming in well below expectations.](https://blog.syzgroup.com/hubfs/1793220106277.jpg) 29 Oct 2026 - - - #### Oracle jumps +14.55% today after the company forecasts $225 billion in revenue by fiscal year 2030. Oracle also announced to turn their free cash flow positive, reaching above $30 Billion by 2028. Source: Bull Theory [#Technology|](https://blog.syzgroup.com/syz-the-moment/tag/technology) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Oracle jumps +14.55% today after the company forecasts $225 billion in revenue by fiscal year 2030.](https://blog.syzgroup.com/hubfs/1793219921403.jpg) ![Oracle jumps +14.55% today after the company forecasts $225 billion in revenue by fiscal year 2030.](https://blog.syzgroup.com/hubfs/1793219921403.jpg) 29 Oct 2026 - - - #### The AI bubble has already burst...in China. The STAR50 is down 45% from its all-time high, vaporising $480 billion in under 4 months. Retail bought the top & AI ran to 42% of China's market cap & 57% of all turnover. The only question: is China just the outlier, or the preview? Source: Nic on X, TradingView [#AI|](https://blog.syzgroup.com/syz-the-moment/tag/ai) [#china](https://blog.syzgroup.com/syz-the-moment/tag/china) ![The AI bubble has already burst...in China.](https://blog.syzgroup.com/hubfs/1793205476266.jpg) ![The AI bubble has already burst...in China.](https://blog.syzgroup.com/hubfs/1793205476266.jpg) 29 Oct 2026 - - - #### Fed Chair Warsh on AI and interest rates: "I was skeptical that interest rates would not have an effect on AI. Rates affect almost everything." "We're seeing interest rates have an effect on the technology complex." He also noted that credit spreads have widened. Source: Wall St Engine [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) ![Fed Chair Warsh on AI and interest rates: ](https://blog.syzgroup.com/hubfs/1793225357767.jpg) ![Fed Chair Warsh on AI and interest rates: ](https://blog.syzgroup.com/hubfs/1793225357767.jpg) 29 Oct 2026 - - - #### “Given the supply constraint environment, we started utilizing third-party compute capacity at the end of Q3, and will ramp usage in Q4.”, Google CFO “Expect margin headwinds in the near term as we utilize this capacity.” Expect our CapEx to increase significantly in 2027 Source: Wall St Engine, Bloomberg [#earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [#google](https://blog.syzgroup.com/syz-the-moment/tag/google) ![“Given the supply constraint environment, we started utilizing third-party compute capacity at the end of Q3, and will ramp usage in Q4.”, Google CFO](https://blog.syzgroup.com/hubfs/1793225043475.jpg) ![“Given the supply constraint environment, we started utilizing third-party compute capacity at the end of Q3, and will ramp usage in Q4.”, Google CFO](https://blog.syzgroup.com/hubfs/1793225043475.jpg) 29 Oct 2026 - - - #### For the first time EVER, $GOOGL Search as a % of revenue is now below 50%. Source: Couch Investor [#earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [#google](https://blog.syzgroup.com/syz-the-moment/tag/google) ![For the first time EVER, $GOOGL Search as a % of revenue is now below 50%.](https://blog.syzgroup.com/hubfs/1793225140622.jpg) ![For the first time EVER, $GOOGL Search as a % of revenue is now below 50%.](https://blog.syzgroup.com/hubfs/1793225140622.jpg) 29 Oct 2026 - - - #### CB PRESIDENT CHRISTINE LAGARDE REPORTEDLY TOLD STAFF SHE PLANS TO STEP DOWN EARLY ON FEB. 7 She is stepping down more than seven years after taking office in Frankfurt. Christine Lagarde is expected to take the helm of the World Economic Forum in Davos. Source: Wall St Engine, BFM TV [#Food for Thought|](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) [#Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) ![CB PRESIDENT CHRISTINE LAGARDE REPORTEDLY TOLD STAFF SHE PLANS TO STEP DOWN EARLY ON FEB. 7](https://blog.syzgroup.com/hubfs/1793268863802.jpg) ![CB PRESIDENT CHRISTINE LAGARDE REPORTEDLY TOLD STAFF SHE PLANS TO STEP DOWN EARLY ON FEB. 7](https://blog.syzgroup.com/hubfs/1793268863802.jpg) 29 Oct 2026 - - - #### Google’s AI boom has a funding problem. Yet earnings hit $2.12 a share versus roughly $3 expected. The warning signs? → $51.4 billion in capital spending. → Negative free cash flow. → Zero buybacks. → $12.4 billion in share issuance and $28.7 billion in new bonds. An $8.7 billion paper loss on AI investments drove more than half the earnings miss. Those same investments previously inflated profits. Here’s the circularity: Google backs AI startups that rent its computing capacity. Their valuations then move Google’s own earnings by billions. Cloud growth is impressive. But the cash demands are staggering—and management says spending rises again next year. My take: buybacks look increasingly distant. The question for AI investors: how many other cash machines will turn to Wall Street to fund the boom? Source: Hedgie [#earnings|](https://blog.syzgroup.com/syz-the-moment/tag/earnings) [#google](https://blog.syzgroup.com/syz-the-moment/tag/google) ![Google’s AI boom has a funding problem.](https://blog.syzgroup.com/hubfs/1793224978803.jpg) ![Google’s AI boom has a funding problem.](https://blog.syzgroup.com/hubfs/1793224978803.jpg) [1](https://blog.syzgroup.com/syz-the-moment/page/1) [2](https://blog.syzgroup.com/syz-the-moment/page/2) [3](https://blog.syzgroup.com/syz-the-moment/page/3) [4](https://blog.syzgroup.com/syz-the-moment/page/4) [5](https://blog.syzgroup.com/syz-the-moment/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/page/2) [❯❯](https://blog.syzgroup.com/1256?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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