Investments Archives - Fenestra Asset Management

July 22, 2026

High-bandwidth memory chip illustrating Micron Technology’s role in AI infrastructure and the semiconductor investment cycle.

Memory Lane: Micron’s Sell-Off Is a Detour, Not a Dead End

Micron Technology’s sharp pullback has unsettled the memory sector, but Fenestra believes it reflects sector rotation rather than a breakdown in the long-term AI memory thesis. William Meyer examines the order book, valuation and high-bandwidth memory opportunity behind Fenestra’s conviction.

June 18, 2026

The SpaceX Rocket

SpaceX may be a generational business, but Fenestra’s view is clear: price still matters. After a historic Nasdaq listing and rapid post-IPO surge, SPCX now trades near bull-case valuation levels, leaving little margin of safety for new investors.

May 20, 2026

NVIDIA Corporation AI chip and data centre technology representing Fenestra’s long-term investment view on NVIDIA stock.

NVIDIA Corporation: A Fenestra Favourite

NVIDIA remains one of Fenestra’s highest-conviction AI investments. With a dominant position in data centre GPUs, a powerful CUDA software moat, and continued demand from hyperscalers, NVIDIA sits at the centre of the global AI infrastructure buildout.

March 25, 2026

Discover why Fenestra sees Alphabet as a long-term AI and cloud growth opportunity, backed by strong cash flow, scale and valuation upside.

The Everything Machine: Alphabet’s AI Flywheel

Alphabet has crossed a Rubicon. No longer just an advertising giant, the company now stands as a full-stack artificial intelligence powerhouse driven by an AI-supercharged search franchise, a fast-growing Google Cloud business, and a fortress balance sheet. With the market still valuing Alphabet like a mature advertising company, Fenestra sees a compelling long-term opportunity in a rapidly compounding AI infrastructure and platform business.