The AlwaysOn X Fund dropped 3.6% last week, while the NASDAQ was up just 0.1%, and the S&P 500 advanced 0.4%. Year to date, the AO X Fund is up 62.8%, the NASDAQ is up 32.2%, and the S&P 500 is up 26.5%.

Big data analytics leader Splunk reported strong Q3 results, beating analyst expectations by 1 cent, and posting 51% revenue growth. In the last three months, Splunk signed more than 450 new customers and has a total of more than 6,400. Service revenue, which makes up 24% of total, grew 423% year-over-year. Additionally, management guided above expectations for its fourth quarter, which drove SPLK shares up to finish the week up 16.1%.

Meanwhile, data storage provider Violin Memory missed expectations and reported disappointing earnings with $0.40 loss per share and 37% revenue growth. Management indicated that it was negatively impacted by the government shutdown in October and also lowered its Q4 guidance. During the quarter, Violin added 31 new customers (or 93 new customers year-to-date). For the week, VMEM shares dropped 45.4%.

Tesla continued to capture the headlines, with CEO Elon Musk announcing that the company has asked the National Highway Traffic Safety Administration to conduct a full investigation into the recent fire incidents to ensure there are no false perceptions about the safety of the Model S. Later in the week, Consumer Reports published its ranking and placed the Tesla S at the top spot with a 99 out of 100 score. For the week, TSLA shares dropped 10.4%.

You can learn more about investing in the GSV X Fund. The GSV X Fund is a long-short fund with a nearly identical investment approach (on the long side) to the AO X Fund portfolio. To learn more about GSV Asset Management—an investment management firm that leverages GSV Media’s ideas, insights, and philosophy—go to gsvam.com. www.gsvmedia.com.