Blain’s Morning Porridge Dec 2nd 2025 – AI isn’t a bubble, it’s Tech evolution evolving “The new, new thing will always be superseded by the next new, new thing…” Michael Burry is not out. His Stuffed Turkey comments sound like a prophesy. AI is evolving fast and not necessarily in the direction the current market understands. Bewareno-see-ums. What if the current tech is a dead end, and the financials collapse? A big shift may become clear in coming months… and where to invest next! And let’s talk about bit-flips!But first…. A couple of days ago I posited the shelf-life on the UK’s Office for Budget Responsibility looked close to its expiry date. When the organisation that is supposed to exude market stability becomes the cause of instability…. Then it’s time to move on. The resignation of Richard Hughes had an inevitabilityabout it… The question for markets will be the independence of what follows… Back in the real world… I’m trying to work out if there is still time for a major market shocker ahead of the holiday? Perhaps. Bitcon looks a complete flush – but if you’re a regular Porridge reader, you already knew that. The pressure on Govt bonds is relentless. Japan is…. interesting. Could it yet be AI? The thing about investing in Technology is whatever you buy will eventually be obsolete. The cycle from new bright shiny new new thing to forgotten in a desk drawer is getting shorter and shorter. This morning its Nvidia. What will it be by lunchtime?

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