(As an aside: I mentally replace the words "hipster software" whenever I see it with "things I don't understand" and the sentences never seem to change their meaning.)
Not accurate. A lot of new-stuff is just old-stuff we've had forever with a new name and branding. Worse, a lot of "new" stuff is too low quality to be reliable and/or gonna die/be obsoleted very soon.
Old shops who took development seriously have developed internal tooling, customized to their internal needs. It can be surprising how well it can hold the comparison against new hype software.
And, friendly advice: I assure you that you meant to write "I disagree", not "not accurate". Don't be That Guy. Never be That Guy.
They might be new tools to you, and being skeptical of new stuff is fine (even healthy), but there's a point at which skepticism turns into Ludditism and it's well before the point where one starts to bloviate about "hipster software".
I spend a lot of time evaluating new tools, possibly more so than anyone else in this tread. There are very few novelties which solve a problem notably better than what existed before AND are reliable enough for serious usage AND don't come with so many drawbacks that it nullify their interests.
The black-and-white thing you're painting is, if I'm gonna be frank...a little messed up. I mean this in the best of ways: please enhance your chill. It's not that bad out here.
I often see developers trying to replace it with bloated, complex piles of hipster software. While a devops team is attempting to build a toy Google-like infrastructure on 50 nodes for weeks, another company is deploying code just fine using some 15 years old setup with netboot + disk imaging system + OS packages.