Sands Capital’s Global Growth Fund returned -2.0% in the third quarter of 2025, compared to 7.6% for the MSCI ACWI. The fund focuses on identifying promising global growth companies. Axon Enterprise, Inc. (NASDAQ: AXON) was highlighted in the investor letter, with shares closing at $555.06 on December 16, 2025, and a market cap of $43.8 billion.

Axon Enterprise, Inc. (NASDAQ: AXON) is a leading provider of public-safety technology, with strong business performance and revenue growth. The company reported revenue of $669 million in the second quarter, up 33% year over year. Additionally, Axon continues to strengthen its AI leadership through acquisitions and reaffirmed guidance for future growth.

In the third quarter of 2025, Axon Enterprise, Inc. (NASDAQ: AXON) generated $711 million in revenue, a 31% increase year-over-year. While the company shows potential as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors can explore opportunities in undervalued AI stocks with significant growth potential.

Read more at Yahoo Finance: What Makes Axon Enterprise (AXON) a Strong Investment?