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Sunday, November 8, 2026

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Vicor Update, Part Four

Vicor’s Federal Circuit hearing put Foxconn’s disputed patent license under pressure, reinforcing its AI server royalty model and licensing leverage.

VICR $6.8B
CV's Substack 1 click

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If the AI model Nubeva Technologies $NBVAF (TSXV: $NBVA) is training to read malware works, it could also take over the one step in its ransomware recovery software that engineers still do by hand. Nubeva’s Ransomware Reversal software, or NuRR, copies the encryption keys during an attack, but someone still has to figure out how ransomware uses them before Nubeva can build a decryptor (a program that reverses the encryption). AI agents have run NuRR’s routine support (bug fixes, support tickets, and product maintenance) for some time, CEO Randy Chou said, but Nubeva’s engineers still handle each live ransomware case by hand. Nubeva’s first granted patent finds the encryption method by running the ransomware in a sandbox (an isolated test computer) and matching the result to a library of standard methods. But the sandbox method breaks down in two cases Chou described, since homemade encryption (encryption ransomware authors write themselves) won’t match any standard method, and malware that detects the sandbox does nothing. A model that reads the malware’s compiled code could get around both problems, since (1) homemade encryption still shows up in the code as steps a model can follow, and (2) the malware’s checks for a real computer only run when the malware runs, so reading the code never triggers the checks. With NuRR supplying the keys and the model working out the encryption method, Nubeva would have both inputs a decryptor needs without an engineer taking the ransomware apart by hand. Frontier models, the most advanced AI models from labs like OpenAI and Anthropic, can already work out what some binaries (compiled programs) do just by reading their code. Anthropic said in April 2026 that its Claude Mythos Preview model can take “a closed-source, stripped binary,” meaning one with its function and variable names removed, and reconstruct “(plausible) source code for what it does.” Obfuscation (scrambling code to hide its purpose) is harder for a model to get past, since compressed malware keeps its real code hidden until it runs. Chou blamed obfuscation for the ~70% of malware binaries frontier models can’t figure out, so Nubeva’s model still has to prove it can do better. Chou didn’t connect the model to NuRR in his October 5, 2026 interview, but working out the encryption method is the same step Nubeva’s FY2026 annual filings say its AI decryptor builder will automate. Therefore, if the model works on live ransomware, NuRR could take on more cases at once, easing the capacity problem that cost Nubeva its biggest customer in 2023 (risk advisory firm Kroll).

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Floor & Decor 3Q26: Business Update

Floor & Decor’s 3Q26 sales rose 3% while comparable sales fell 1.4%; it cut 2027 openings to 10-15 as high mortgage rates pressure…

FND $5B
Speedwell Memos 1 click

Post Q3 EVC Update

EVC's Q3 update cites $30 million for a single station, a broadcast-business sale and stronger positioning for 2027.

EVC $832M
Nat Stewart - Stock Picking Newsletter 23 clicks

Entravision Q3 Update

Entravision’s Q3 ad-tech revenue reached $177.2 million, up 133% year over year, while total revenue rose 88% to $226.3 million and diluted…

EVC $832M
The Value Road 4 clicks
MTMTY · short

Metlen Energy & Metals PLC

Metlen Energy & Metals faces a 40% short case centered on its overpriced aluminium, alumina and Greek power businesses.

MTMTY $6.8B
Value Investors Club

GREAT DEC-TECTIVE WORK

Diversified Energy reported $255.6 million of “true” nine-month free cash flow, while its $1.8 billion Birch acquisition would shift…

DEC $900M
The Oak Bloke 3 clicks

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