Taser Maker Axon Soars As AI Service Is A Hit
Posted on AllSides August 7th, 2024
From The Right
Axon Enterprise (AXON), which supplies the Taser, body cameras and cloud-based digital evidence systems to law enforcement, easily beat second-quarter earnings estimates after Tuesday's close. Yet the best news was how its Draft One artificial intelligence service is taking off, though it didn't meaningfully impact Q2 results. Axon stock is surging higher, flashing an early entry in Wednesday morning stock market action. "Our customers' response to Draft One is better than anything I've seen, better than we could have imagined," Axon CEO Patrick Smith said in a Tuesday afternoon earnings...
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