From Yahoo Finance · · 1m 10s
Baron Fund Buys Axon in AI Selloff
Baron Capital's ETF gains 15.62% as it targets Axon Enterprise amid AI stock decline.
In brief
Baron Capital's ETF gains 15.62% as it targets Axon Enterprise amid AI stock decline. Baron SMID Cap ETF gained 15.62% in Q2 2026 by buying Axon Enterprise during AI-related selloff. Originally reported by Yahoo Finance.
Baron SMID Cap ETF Q2 2026 Results
Baron SMID Cap ETF gained 15.62% (NAV) in Q2 2026, underperforming Russell 2500 Growth Index's 24.02% return.
Axon Enterprise in AI Selloff
Axon Enterprise, Inc. (NASDAQ:AXON) closed at $468.42 per share on September 16, 2026, down 23.74% over past month.
Baron's AI Investment Strategy
Baron SMID Cap ETF targets Axon as a market leading 'atoms plus electrons' software provider with strong competitive moats.
Axon's Public Safety Focus
Axon Enterprise sells non-lethal Taser devices, body cameras, drones, and AI report generation to law enforcement globally.
Baron's Q2 2026 Investment
Baron SMID Cap ETF added Axon Enterprise as a newly established position during AI-related selloff in Q2 2026.
Axon's Market Position
Axon Enterprise has a $38.05 billion market cap, trading between $339.01 and $792.16 over 52-week range.
The main idea
Baron SMID Cap ETF gained 15.62% in Q2 2026 by buying Axon Enterprise during AI-related selloff.
