Talk Money To Me

🚀 AI's Hidden Infrastructure: Semiconductors, Memory & the Next Investment Boom 💥

Artificial Intelligence is dominating headlines, but the real investment opportunity may lie beneath the surface.

In this special Order Pad episode of Talk Money To Me, Felicity Thomas takes a deep dive into one of the most important investment themes of the next decade: semiconductors, memory and the infrastructure powering the AI revolution.

While most investors focus on NVIDIA, Microsoft, OpenAI and ChatGPT, few understand the complex ecosystem enabling modern artificial intelligence to function. From High Bandwidth Memory (HBM) and advanced semiconductor manufacturing to data centres, electricity demand and emerging memory technologies, this episode explores the hidden supply chain behind the AI boom.

As Talk Money To Me heads into a short winter break, Felicity unpacks why the biggest opportunities may not necessarily be the companies making headlines, but rather the businesses supplying the critical infrastructure powering the next generation of computing.

In this episode:

• Why AI is actually an infrastructure story, not just a software story
• The rise of High Bandwidth Memory (HBM) and why it has become one of the most important technologies in the world
• NVIDIA's dependence on memory suppliers and the growing importance of the semiconductor supply chain
• SK Hynix, Samsung and Micron's role in the global AI ecosystem
• Why TSMC may be one of the most strategically important companies in the world
• Advanced packaging, semiconductor bottlenecks and the next phase of AI infrastructure
• Why AI is increasingly becoming an electricity and energy story
• The growing importance of data centres, transmission infrastructure and power demand
• Why copper continues to sit at the centre of the electrification and AI themes
• Australia's role in the global AI buildout
• Weebit Nano (ASX: WBT), ReRAM technology and the future of memory innovation
• The key themes currently sitting on Felicity's Order Pad

Whether you're an experienced investor, a technology enthusiast or simply curious about what sits behind the AI revolution, this episode provides a fascinating look at one of the most significant investment themes shaping global markets today.

About Talk Money To Me
Hosted by Felicity Thomas and Candice Bourke, Talk Money To Me explores investing, wealth creation, financial markets, business and the economic forces shaping our future.Through conversations with leading fund managers, economists, business leaders and industry experts, alongside thematic market deep dives, the podcast aims to help Australians become more informed and confident investors.

Connect With Us

🌐 www.cftgroup.com.au
📧 info@cftgroup.com.au
📧 cftgroup@shawandpartners.com.au
📱 Instagram: @talkmoneytomepodcast
📱 LinkedIn: Felicity Thomas | Candice Bourke
🎙 Available on Spotify, Apple Podcasts and YouTube

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Disclaimer
Felicity Thomas and Candice Bourke are Authorised Representatives of Shaw and Partners Limited ABN 24 003 221 583, AFSL 236048.
The information discussed in this podcast is general information only and does not take into account your personal objectives, financial situation or needs. Before making any financial decision, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek independent financial, legal and taxation advice.

Any views, opinions or forecasts expressed are those of the speakers at the time of recording and are subject to change without notice. References to companies, securities, sectors, investments or financial strategies are for educational and informational purposes only and do not constitute personal financial advice or recommendations.

Past performance is not a reliable indicator of future performance. All investments carry risk, including the risk of loss of capital.
Hosted on Acast. See acast.com/privacy for more information.

In this episode of Talk Money To Me, Felicity Thomas sits down with Emma Stephens from Artemis Finance to unpack what is really happening in the Australian property and lending market in 2026.

From housing affordability and interest rates to wealth creation, financial empowerment and lending challenges, this conversation dives into the real financial pressures Australians are facing right now and the practical strategies helping people move forward with confidence.

Emma shares her insights from working directly with families, business owners, first home buyers and women navigating separation, lending pressures and long-term financial security in a high cost-of-living environment.

In this episode we discuss:

The reality of the Australian property market in 2026
Whether the “Australian Dream” is still achievable
Housing affordability and cost-of-living pressures
Property investing and investor sentiment following the May 2026 Budget
Women, wealth creation and financial empowerment
Lending challenges for single-income households and first home buyers
Fixed vs variable rates in today’s market
The habits financially successful people consistently have
Practical tips for young Australians wanting to enter the property market
Financial confidence, strategy and long-term wealth creation

Emma Stephens is a mortgage broker at Artemis Finance, specialising in residential and business lending, refinancing, property strategy and helping clients create long-term wealth through smart lending solutions. Emma is a proud Noosa local, former Bank Manager for Noosa and Tewantin, and passionate advocate for women building financial independence through education, connection and smarter money conversations.

If you enjoyed today’s conversation or would like assistance with lending, refinancing, property strategy or wealth creation, reach out to Emma Stephens and let her know you heard her on Talk Money To Me.

Emma Stephens Artemis Finance
📧 emma@artemisfinance.com.au
🌐 https://artemisfinance.com.au/
📍 Sydney & Noosa, Australia

Artemis Finance specialises in:

Home loans
Investment lending
Refinancing
Lending for self-employed borrowers
Property strategy
Wealth creation strategies
Women’s financial empowerment

Follow Talk Money To Me for weekly conversations covering:

Investing
Property
Wealth creation
Markets & macro trends
Financial literacy
Business
Women & money
Portfolio strategy

Disclaimer
This podcast is presented by Felicity Thomas and Candice Bourke of Shaw and Partners Limited ABN 24 003 221 583, AFSL 236048.
The information discussed in this podcast is general information only and does not take into account your personal objectives, financial situation or needs. Before making any financial decision, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs, and seek independent financial, legal and taxation advice.

Any views, opinions or forecasts expressed are those of the speakers at the time of recording and are subject to change without notice. References to property, lending, investments or financial strategies are for educational and informational purposes only and do not constitute personal financial advice, lending advice or recommendations.

Past performance is not a reliable indicator of future performance. All investments and financial strategies carry risk.
Hosted on Acast. See acast.com/privacy for more information.

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.
Hosted on Acast. See acast.com/privacy for more information.

In this episode of Order Pad, Felicity deep dives into Taiwan Semiconductor Manufacturing Company (TSMC) and explains why it may be one of the most important long-term investments in global markets today.

As the dominant manufacturer behind Nvidia, Apple, AMD and the broader AI ecosystem, TSMC sits at the centre of the explosive growth in artificial intelligence, data centres and global compute demand.

We break down:

Why TSMC controls the AI supply chain
The company’s extraordinary ~50% net profit margins
AI infrastructure growth and semiconductor demand
TSMC’s competitive moat and market dominance
Valuation vs Nvidia, Microsoft and Apple
Key risks including Taiwan and geopolitical tensions
What could go right and what could go wrong
Why we believe TSMC remains a BUY despite trading near all-time highs

If you’re looking for exposure to the long-term AI megatrend, this episode explains why TSMC could be one of the highest-quality infrastructure plays in global markets.

⚠️ Disclaimer
This podcast is general information only and does not take into account your personal objectives, financial situation or needs. It should not be considered personal financial advice. Before making any investment decision, you should consider whether the information is appropriate for you and seek advice from a licensed financial adviser. Prepared by the Talk Money To Me advisers at Shaw and Partners Limited (AFSL 236048). Information discussed is based on facts known at the time of recording, 5 May 2026.

Email us cftgroup@shawandpartners.com.au

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In this episode of Talk Money To Me, Felicity Thomas and Candice Bourke break down how to invest in an inflation-driven market and why traditional portfolio strategies are being challenged in 2026.

With energy shocks, persistent inflation, and changing central bank dynamics, investors are facing a very different environment to the past decade. The traditional balance between equities and bonds is no longer behaving as expected, prompting a shift in how portfolios are constructed.

Drawing on insights from the latest Shaw and Partners Investment Perspectives , this episode takes a deep dive into the assets and strategies designed for today’s market conditions.

🎯 What we cover:
💰 Royalties explained – how investing in revenue streams (rather than profits) can provide income, diversification and potential inflation protection
📈 Inflation-linked bonds – how these assets adjust with rising prices to help preserve purchasing power and support defensive portfolio positioning
⚡ Energy as a macro driver – why both traditional and new energy sources are central to inflation, growth and market performance
🌍 Portfolio positioning in 2026 – moving beyond traditional frameworks and adapting to a higher inflation environment
🧠 Where to find income and resilience when markets are more volatile and less predictable

🔥 Key takeaway:
The biggest shift in markets right now isn’t just volatility it’s inflation.

And the portfolios that perform will be those that evolve to include:

👉 Income linked to real economic activity
👉 Assets that adjust with inflation
👉 Exposure to structural drivers like energy

🎧 Whether you’re building long-term wealth or navigating current market uncertainty, this episode provides practical insights and a fresh perspective on modern portfolio construction.

⚠️ Disclaimer
This podcast has been prepared by Shaw and Partners Limited (ABN 24 003 221 583, AFSL 236048) and is for general information purposes only. The information discussed is current as at 27 April 2026 and is subject to change without notice.

The content of this podcast is not intended to be, and should not be construed as, personal financial product advice. It does not take into account your individual objectives, financial situation or needs. Before acting on any information contained in this podcast, you should consider the appropriateness of the information in light of your own circumstances and seek advice from a licensed and authorised financial adviser.

Any views or opinions expressed are those of the speakers at the time of recording and may not necessarily reflect the views of Shaw and Partners Limited. Past performance is not a reliable indicator of future performance. Any references to specific investments or asset classes are for illustrative purposes only and should not be taken as a recommendation.

Investments can rise and fall in value and there is a risk that you may lose some or all of your capital. To the extent permitted by law, Shaw and Partners Limited and its representatives make no warranties or representations regarding the accuracy or completeness of the information and disclaim all liability for any loss or damage arising directly or indirectly from the use of, or reliance on, the information contained in this podcast.

If you’d like to discuss how these strategies may apply to your portfolio, feel free to reach out:

📧 Email: cftgroup@shawandpartners.com.au
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