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Navy Stops Buying Aevex Autonomous Speedboats Over Performance Shortfalls

U.S. Navy stops new purchases of Aevex GARC speedboats citing hardware issues and cheaper alternatives after $136.8 million in spending.

Navy Stops Buying Aevex Autonomous Speedboats Over Performance Shortfalls
Credit: Aevex
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10/21/2026 · 5:10 PM
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IBM Raises Software Outlook as Delayed Deals Close and Q3 Results Beat Estimates
10/21/2026 · 4:54 PM

IBM Raises Software Outlook as Delayed Deals Close and Q3 Results Beat Estimates

IBM lifted its software growth forecast to 7-8% as delayed deals closed and Q3 revenue and earnings topped expectations.

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Meta Tightens AI Capex Forecast, Moves to Issue Non-Voting Shares After Beating Revenue Estimates
Featured/ 10/21/2026 · 4:39 PM

Meta Tightens AI Capex Forecast, Moves to Issue Non-Voting Shares After Beating Revenue Estimates

Meta beat Q3 estimates with $64.6B revenue and will issue new non-voting Class C shares to fund AI growth without diluting Zuckerberg’s control. Capex raised to $135–145B.

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Tesla Beats Q3 Estimates on Delivery Rebound, Energy Growth Despite AI Spending
Featured/ 10/21/2026 · 4:23 PM

Tesla Beats Q3 Estimates on Delivery Rebound, Energy Growth Despite AI Spending

Tesla reported $28.05B Q3 revenue, topping forecasts on a delivery rebound and energy storage growth despite heavy AI and robotaxi spending.

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