U.S. stocks reached record highs on Thursday following geopolitical news of a ceasefire extension. The S&P 500 advanced 0.5% to 7,557.85, driven by an AI software spending spree. Snowflake surged 37% after beating earnings estimates and announcing a $6 billion AWS partnership expansion. Other notable gainers included Best Buy (+18%), Dollar Tree (+17%), and Agilent Technologies (+17%). However, mixed economic data showed headline PCE inflation at 3.8% while core PCE and consumer spending remained subdued, prompting hawkish Fed commentary.

The article discusses four high-quality stocks that have recently experienced significant market declines. Despite the sell-off, the author argues that the fundamentals of these companies tell a different story, suggesting they may be oversold opportunities for investors.

Axon Enterprise surged nearly 11% following strong Q1 2026 earnings with 34% YoY revenue growth to $807.3M and raised full-year guidance to 31% growth. Despite the post-earnings rally, the stock remains down over 50% from its August 2025 highs. The decline was partly justified by gross margin compression from tariffs, but the company's hardware-first business model and strong AI adoption (140% YoY growth in AI Era Plan bookings) provide protection against software competition. Analysts maintain a positive outlook with price targets implying 50-75% upside.

Axon Enterprise reported Q1 earnings of $1.61 per share, beating the consensus estimate of $1.60, with quarterly revenue of $807.35 million exceeding the Street estimate of $778.45 million. The company showed strong growth across multiple segments, including 35% growth in Software & Services revenue and over 700% growth in AI products. Despite raising its fiscal 2026 revenue outlook to $3.61-$3.67 billion, Axon's stock declined 2.81% to $375 in after-hours trading.

Axon Enterprise shares have dropped 30% in 2026 due to SaaS sector rotation fears and company-specific concerns. While AI disruption worries have faded following an earnings beat, investors remain concerned about the stock's lofty 53x forward earnings valuation and rising stock-based compensation expenses ($610M in 2025). The article suggests waiting for a better entry point rather than buying the current dip.

Axon Enterprise, a public safety technology leader, has surged 2,000% over the past decade and could climb another 103% according to Wall Street analysts. The company is integrating AI into its product ecosystem, including generative AI tools for report writing and evidence querying. With strong Q4 results, 43% booking growth, and a $159 billion addressable market, analysts see significant upside potential despite the stock's already impressive gains.

Axon Enterprise stock rebounded 10.7% after plunging 10% the previous day, with no clear cause for the initial decline. Multiple Wall Street analysts issued bullish notes during the company's Axon Week conference, including TD Cowen, Morgan Stanley, and Goldman Sachs, all recommending investors buy the stock on weakness. The company's price-to-sales ratio has fallen to near 10, its lowest since 2023, making the stock appear attractively valued.

The Trade Desk and Axon Enterprise are positioned as undervalued tech stocks with significant growth potential. The Trade Desk operates in the $950 billion digital advertising market with high customer retention, while Axon Enterprise is expanding its AI-driven law enforcement platform. Both stocks are trading below recent highs, presenting potential long-term investment opportunities for patient investors.

Carahsoft Technology Corp. will showcase security solutions alongside 14 technology partners at ISC West 2026 in Las Vegas, featuring demonstrations of cybersecurity, identity verification, and advanced security technologies. The event is expected to attract over 29,000 security professionals from 80+ countries with 750+ exhibitors.

Ten large-cap stocks experienced significant declines during the week of March 9-13, 2026. Fair Isaac Corporation led losses with a 21.59% drop following a $1 billion senior notes offering announcement. Other major decliners included Centene (20.85%), Ulta Beauty (16.04%), Paramount Skydance (15.4%), and Thomson Reuters (13.97%). Declines were attributed to factors including disappointing earnings guidance, analyst downgrades, and broader market pressures across healthcare, beauty, media, and aviation sectors.

Axon Enterprise is highlighted as a promising AI stock with strong growth potential despite being down 40% from recent peaks. The company reported 33% revenue growth to $2.8 billion in 2025 and is launching innovative AI products including Draft One (police report writing tool) and Axon Assistant (voice-activated AI companion). With plans to reach $8 billion in revenue by 2028, Axon is positioned as a potential millionaire-maker stock in the AI boom.

4D Advisors disclosed a new $6.09 million position in Calix (115,000 shares), representing 3.34% of its AUM. Calix shares have surged 55% over the past year, driven by record quarterly revenue of $272 million (32% YoY growth) and a strategic shift toward recurring cloud-based subscriptions for broadband service providers.