November 24, 2024

🌶️ Hot Fudge Sunday for 2024-11-24

Excited to share my new role at NexusTek and recap this week's market insights and hot takes!

Welcome to the latest Hot Fudge Daily. Each day of the week you get thematic value.

• 🌶️ Spicy Edition Sunday FREE (Hot Fudge Sunday weekly newsletter captures the best of Hot Fudge Daily and the most clicked links for the week.)

• 📈 Markets Monday $ (Hot Fudge Daily: What is moving markets and why does it matter for the week ahead?)

• 🔥 Hot Takes Tuesday $ (Hot Fudge Daily: Get fast unfiltered thoughts on news of the day with just a dash of snark.)

• 🤪 Wacky Wednesday $ (Hot Fudge Daily: Catch up on the wild and wooly memes from a variety of deep web #random channels.)

• 🔙 Throwback Thursday $ (Hot Fudge Daily: Examine recent news in a thought provoking Shot and Chaser format.)

• ✅ Final Thoughts Friday $ (Hot Fudge Daily: A clear eyed look back on the week that was and could have been.)

• 🔮 Sneak Peak Saturday $ (Hot Fudge Daily: Steady and sober unpacking of the slow news day where muted press releases and disclosure stories try to get buried before the weekend takes all the attention.)

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Hot Fudge Sunday 🤔 💡 🤯 🤓 is a free weekly newsletter containing a digest of the Hot Fudge Daily paid newsletter at hot.fudge.org in a single easy to reach URL. This free weekly edition is posted every… wait for it… Sunday.

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Hot Fudge Daily Digest

As a quick update, you might have noticed my LinkedIn post announcing my new role as Chief Product Officer at NexusTek.

Hello NexusTek

I have exciting news to share! I'm thrilled to announce that I've joined NexusTek as their new Chief Product Officer. My vision is to further our mission in making technology easy while building upon our rich NexusTek heritage.

I'll be sharing more about my journey on LinkedIn. In the meantime, you can stay up-to-date on my latest thoughts and experiments through Hot Fudge Daily and Fudge Factor. I'll also be contributing to the NexusTek Insights blog, so keep an eye out for my articles. 🤓

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📈 Markets Monday for 2024-11-18

And we’re back to the end of day snapshot…

Quick Recap

For Market Monday, I continue to look at the same key indicator that I take from a simple Yahoo Finance webpage each week. It’s how I look at things through the lens of the closing bell on Monday.

Previously, I decided on a view from Yahoo Finance. For example, this was a view of intraday in Technology which usually gets around a dozen or so interesting companies when the market is moving and a smaller handful of companies when the market is not moving as much.

If you are using Yahoo Applied Filters for Stocks screener you can bookmark your own heat map view.

• % Change in Price (Intraday):greater than 4

• Region: United States

• Market Cap (Intraday): Mid Cap and Large Cap and Mega Cap

• Price (Intraday):greater than or equal 5

• Volume:greater than 15000

• Sector: Technology

• Industry: Software—Infrastructure and Information Technology Services and Computer Hardware and Software—Application and Communication Equipment and Electronics & Computer Distribution and Consumer Electronics and Electronic Components and Scientific & Technical Instruments and Semiconductor Equipment & Materials and Semiconductors

🔥 Hot Takes Tuesday for 2024-11-19

Two hot takes on the two stories caught my eye on Tuesday.

💰 + 📊 Lofty numbers may get more lofty, but getting to a $61B valuation in ~10 years is pretty impressive!

Techmeme: Source: Databricks has told investors it is looking to raise $7B to $9B at a ~$61B valuation, to cash out employees that hold restricted stock units (Cory Weinberg/The Information)

By Cory Weinberg / The Information. View the full context on Techmeme.

💶 + 🇪🇺 I continue to view the unique IP rights conveyed to French companies as a differentiation and advantage.

Techmeme: Atomico: European startups are on track to raise $45B in 2024, down from $47B in 2023, with only $3B in IPO value and $10B in M&A through mid-November (Ingrid Lunden/TechCrunch)

By Ingrid Lunden / TechCrunch. View the full context on Techmeme.

🤪 Wacky Wednesday for 2024-11-20

Each Wednesday I go through dozens of Slack communities.

I then select the most interesting shared links.

This will always be a safe for work list. 🙈

Red Lobster CEO says endless shrimp is never coming back because 'I know how to do math' | Fortune

Instead, Damola Adamolekun is going back to what made the company successful in the first place.

"Feral and not trained" emus Thelma and Louise on the loose in South Carolina as state's monkey search continues - CBS News

Police in Horry County, South Carolina, said this week that they are searching for two missing emus that have been evading capture for months: "We are not emu-sed."

LAN Party House

We built a(nother) house optimized for LAN Parties.

🔙 Throwback Thursday for 2024-11-21

Back in the ancient times of… ~7 months ago… I produced my most re-shared LinkedIn post in several years.

Jay Cuthrell on LinkedIn: Wiz CEO: 2024 Will Be the Year of Acquisitions

🔮🧠🤖🔐☁️📊 "So definitely we believe that 2024, for us, will be the year of acquisitions" -- Assaf Rappaport, CEO of Wiz

Curiously, the same day that Google and Wiz allegedly agreed to not agree on M&A terms, there was another post that got coverage.

Techmeme: Dazz, which provides AI-based cloud security remediation software for enterprises, raised $50M from Greylock and others, sources say at a ~$400M valuation (Ingrid Lunden/TechCrunch)

By Ingrid Lunden / TechCrunch. View the full context on Techmeme.

Fast forward to today…

Techmeme: Cybersecurity startup Wiz acquires Dazz, a specialist in security remediation and risk management; sources say the cash-and-stock deal is valued at $450M (Ingrid Lunden/TechCrunch)

By Ingrid Lunden / TechCrunch. View the full context on Techmeme.

taps microphone

Thanks folks! You’ve been great — I’m here all week. Try the fish! Please tip your waitstaff! 🤓

Jay Cuthrell: "@Techmeme@techhub.social Earlier this year, Wiz C…" - cuthrell.com is Jay's Mastodon instance

@Techmeme@techhub.social Earlier this year, Wiz CEO said 2024 was going to the year of acquisitions... and as the Google/Wiz story played out it coincided with the most recent funding round for Dazz! Context: https://www.linkedin.com/posts/jaycuthrell_wiz-ceo-2024-will-be-the-year-of-acquisitions-activity-7182523881671282688-mGaO

✅ Final Thoughts Friday for 2024-11-22

Posting on LinkedIn about my new role at NexusTek was well received and a great way to end the week.

For the tech news stories that caught my eye this week, Palo Alto earnings and exploits have also been quite the ride.

Techmeme: Palo Alto Networks reports Q1 revenue up 14% YoY to $2.14B, vs. $2.12B est., and projects FY 2025 sales in line with estimates; PANW drops ~5% after hours (Claudia Assis/MarketWatch)

By Claudia Assis / MarketWatch. View the full context on Techmeme.

Techmeme: Palo Alto Networks says it has observed exploitation of two zero-days in its PAN-OS firewall OS; researchers say hackers have compromised 2,000+ firewalls (Carly Page/TechCrunch)

By Carly Page / TechCrunch. View the full context on Techmeme.

🔮 Sneak Peak Saturday for 2024-11-23

By Friday, everything seems to be reaching the peak of getting news turned in before a deadline or dread-line. It sometimes seems like we reach a fever pitch in news coverage throughout the week.

Peak 🏔️ vs. Peek 👀

Then there is a trope, cliché, or bromide about slow news days and the quietly mentioned news updates sent on a Friday — to try and sneak it past wider coverage. Or, in a nutshell, peak patronizing publishing.

In that spirit, here are a few stories that you might have missed on the slow news of a Friday.

Insert Let's See Who This Really Is Meme

Techmeme: Three Nvidia customers spent a collective $12.6B in Q3, over a third of Nvidia's total $35.1B Q3 revenue; each of them spent $10B+ in the nine months to October (Christiaan Hetzner/Fortune)

By Christiaan Hetzner / Fortune. View the full context on Techmeme.

Insert Ceiling Cat Meme

Techmeme: Senate Intelligence Committee Chairman Mark Warner says China-linked Salt Typhoon group listened to phone calls and read texts by hacking US telecom networks (New York Times)

From New York Times. View the full context on Techmeme.

Insert We're All Trying To Find The Guy Who Did This Meme

Techmeme: Researchers detail a “nearest neighbor attack” by Russia's APT28, which remotely breached a target's Wi-Fi by hijacking a laptop in a building across the street (Andy Greenberg/Wired)

By Andy Greenberg / Wired. View the full context on Techmeme.

Insert That Wasn't Me, That Was Patricia Meme

Techmeme: SafeRent, an AI screening tool used by landlords, agrees to pay ~$2.3M to settle a discrimination lawsuit and to not show certain tenant scores for five years (Emma Roth/The Verge)

By Emma Roth / The Verge. View the full context on Techmeme.

Insert Anthony Adams Rubbing Hands Meme

Techmeme: Anthropic raised another $4B from Amazon, will make AWS its primary training partner, and is working with Annapurna Labs to develop new Trainium accelerators (Kyle Wiggers/TechCrunch)

By Kyle Wiggers / TechCrunch. View the full context on Techmeme.

Note: Some images via Unsplash

Disclosure

I am linking to my disclosure.

Cuthrell Consulting LLC
Attn: Jay Cuthrell
1903 Live Oak St #92
Beaufort, NC 28516-0092

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