NASDAQ:BLKB 4 January 2026

July 1, 2026, 10:40 PM EDT. Semiconductor stocks tied to AI kept climbing in 2026, with iShares Semiconductor ETF doubling, but AI software names went the other way. The iShares Expanded Tech-Software Sector ETF dropped 16%, trailing the S&P 500. Axon Enterprise (NASDAQ: AXON), the police tech company behind TASERs and AI tools, is off 30% since August 2025. Yet Axon posted 34% revenue growth last quarter, driven by net revenue retention of 125% and higher full-year guidance of 30-32% growth. The company also saw AI product revenue surge over 700%, helped by Draft One for automatic bodycam report writing and Axon Assistant for real-time voice translation. Axon's numbers and new AI offerings put it on some investors' watchlists after the recent selloff.