The AI bubble is running out of steam… which may be a very apt metaphor. Value in AI is driven by supply scarcity, which will be addressed by competition and capacity. The next issue is how AI innovation is over-exaggerated – we will require much more powerful computational tools to create next level Intelligence.

Apple doesn’t look so Magnificent these days. It’s made lots of money, but faces lots of challenges. It doesn’t look likely to lead in AI. It’s hardly a growth stock – it’s a mere value stock selling the same stuff it’s been selling for decades, while charging premium price to sell via its digital shopfront.

Nvidia’s extraordinary rise comes from being the picks and shovels supplier to the AI revolution. It’s not just MegaTechs coat-tailing Nvidia that will win, but productivity gains from AI could counter the growing debt/gowth crisis in the West. AI is more complex than just a single stock.

Blockchain and Tokens. Not satisfied with the gains apparently offered by AI, Tech Tyrants are planning how to deeper enslave us through Web3 – the Internet of Value. Be careful what we wish for – we might just get it. 

The AI everything bubble has all the makings of a classic market pop – belief in a theme, everyone on the bandwagon, hype, enthusiasm and not much real content. And sitting in the middle will be those who really claim to understand it.. Plus some thoughts on Tucker Carlson.

In the film of the Magnificent Seven, only three of the gunslingers survive. Which of the Big Tech names will be left in the dust? And which are likely to survive?

The future of the Auto-sector is likely to comprise a mix of technologies. What does that mean for Tesla – which is under increasing pressure from competition, technology and the maturity of the EV market.

Blain’s Morning Porridge, 17th January 2024: – Davos: Deaf, Dumb [...]

Every single business on the planet should be looking at its board composition and corporate governance structure to figure out just how vulnerable they may be. OpenAI’s self-immolation should be a lesson.

September's ARM IPO could be a “CFP” for markets if it breaks the current everything AI consensus (aka “bubble”). There are many reasons to think it could, because it’s basically Masayoshi Son rolling it with big aplomb in the Tech Casino.