Axon Enterprise shares jumped 9.8% on Monday after news broke that President Trump had personally bought shares in the law enforcement technology company in February 2026. The stock rose from $464.83 to $510.60 in a single session, outpacing the S&P 500's 1.6% gain. The purchase was seen as a powerful signal of political support, potentially smoothing the path for future government contracts. Axon recently reported its ninth consecutive quarter of over 30% revenue growth, with first-quarter 2026 revenue up 34%, and received a rating upgrade last week citing strong demand and 125% net revenue retention.
Axon Enterprise Inc.
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