Stock Data
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
AEROSPACE & DEFENSE
Axon Enterprise Inc, originally known as TASER International, is a key player in public safety technology. Based in Scottsdale, Arizona, and founded in 1993, Axon specializes in developing and manufacturing TASER conducted energy devices, body cameras, and a suite of software and mobile applications for law enforcement and civilian use. Its innovative products also include cloud-based solutions for securely managing and analyzing digital evidence. Axon serves a wide range of clients, including law enforcement, emergency services, and private security, aiming to enhance safety and efficiency through technology.
Owning expensive growth cost you today: AppLovin closed down 19.9%, with Axon and Duolingo double-digit and near double-digit losers alongside it. The money rotated into AI hardware, where Astera Labs and Fabrinet both finished higher.
A one-day 11.3% haircut to $520 knocks roughly $6 billion off a $46 billion valuation that had been priced for flawless execution. Owners of the body-camera and Taser franchise now need the growth story to reassert itself fast.
Axon raised full-year revenue growth guidance to 32% to 34% from 30% to 32%, with future contracted bookings up 41% to $15.1 billion. The AI and drone push is carrying the model. Management speaks at 5:00 PM ET.
Lucid rocketed 15% into the close while Netflix crashed 7.6%, exposing a massive risk appetite reset across mega-cap tech and speculative plays on the same Friday.
Arm, Marathon Digital, and SanDisk all jumped over 10% as semiconductor and AI infrastructure stocks dominated the close. Energy stocks fell, with Exxon Mobil sliding 2.6%.
A $10,000 investment in Axon Enterprise on its first day of trading 25 years ago would be worth over $10.4 million today, a run so rare it reaches the decamillionaire finish line.
Chip stocks led Tuesday's close with AMD and ON Semiconductor jumping over 8% and 7% respectively, while consumer plays like Uber and Expedia stumbled.
Digital Turbine and Astera Labs surged 15% and 14% respectively at Monday's close, while Super Micro Computer and Ulta Beauty skidded lower in a split session.
AMC got hammered 22% at the close while semiconductors rolled over, but Axon Enterprise broke ranks with a 6% surge as enterprise software bucked the sell-off.
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