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What Comes After Nvidia? AI Infrastructure, Memory Stocks & the Next Big Opportunity with Armina Rosenberg of Minotaur Capital
Ep. 184
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In this episode, Felicity Thomas and Candice Bourke sit down with Armina Rosenberg, Co-Founder of Minotaur Capital, for a fascinating deep dive into the next wave of AI investing opportunities, global equity themes and the market trends sophisticated investors are watching closely right now.
The conversation explores why Minotaur Capital believes the biggest opportunities in AI may now sit beyond Nvidia particularly across AI infrastructure, memory semiconductors, power networks and the “picks and shovels” powering the AI revolution.
Armina shares:
- Why SK Hynix is Minotaur’s highest conviction global stock idea
- Why the memory super cycle could still be in its early stages
- Whether Nvidia is still attractive at current valuations
- Why Minotaur remains short Tesla
- The risks around overcrowded AI trades and hyperscaler spending
- Opportunities in defence, energy transition and AI infrastructure
- How Minotaur uses proprietary AI tools internally to analyse markets faster than traditional fund managers
- The growing disconnect between market headlines and underlying fundamentals
- What could trigger a meaningful AI-fuelled correction in markets
The discussion also unpacks some incredible real-world examples of how AI is already changing investing, including Minotaur’s internally developed AI research system Taurient, which helps the team analyse global companies, reporting seasons and thematic opportunities at extraordinary speed and scale.
Armina also explains why memory semiconductors particularly HBM memory may become one of the most important and profitable areas of the global technology ecosystem over the coming years, driven by explosive demand from AI models, hyperscalers and data centres.
If you’re interested in AI investing, Nvidia, semiconductors, SK Hynix, Tesla, global equities, thematic investing or the future of financial markets this episode is packed with institutional grade insights and investment ideas.
📩 If you would like to learn more about the fund using AI and proprietary technology to identify opportunities across global equities, you can learn more directly www.minotaurcapital.com
Or feel free to contact the teams directly:
📧 Minotaur Capital: invest@minotaurcapital.com
📧 Candice Bourke & Felicity Thomas: cftgroup@shawandpartners.com.au or info@cftgroup.com.au
⚠️ Disclaimer
This podcast is intended for educational and informational purposes only and does not constitute personal financial advice, investment advice or a recommendation to buy or sell any financial product or security. Any views, opinions or market commentary expressed are those of the speakers at the time of recording and may change without notice.
The information discussed is general in nature and has been prepared without taking into account your personal objectives, financial situation or needs. Before making any investment decision, you should consider the appropriateness of the information having regard to your own circumstances and seek independent financial, legal and tax advice where appropriate.
Past performance is not a reliable indicator of future performance. All investments involve risks, including the risk of loss of capital. References to specific companies, sectors or investment themes are provided for illustrative and educational purposes only and should not be relied upon as investment recommendations.
Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Pty Ltd ABN 24 003 221 583, AFSL No. 236048.
Minotaur Capital Global Opportunities Fund is currently only available to wholesale and sophisticated investors.
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