Nvidia unveils Vera Rubin as AMD partners with Meta and OpenAI

Key Takeaways

Axon Stock Surges 2,000% and Analysts See More Growth

Axon Enterprise shares have risen 2,000% over the last decade, but Wall Street analysts believe the stock is still undervalued. Andrew Sherman at TD Cowen set a price target of $825, suggesting 103% upside from the current $405 price. The company makes public safety tools like Tasers, body-worn cameras, and digital evidence management software. Axon recently introduced Draft One in 2024 and Axon Assistant in 2025, which uses generative AI to help users query evidence and agency data. The firm reported strong fourth-quarter results with revenue jumping 39% to $797 million and bookings reaching $14.4 billion. Management expects revenue to grow 29% annually to hit $6 billion by 2028. Among 23 analysts covering the company, the median target is $700 per share.

Axon Stock Soars 2,000% With More AI Growth Potential

Axon Enterprise stock has increased from about $10 per share in 2013 to over $200 today, representing a 2,000% gain. A Wall Street analyst believes there is still significant room for growth with a price target of $400 per share. This implies a potential 103% upside from current levels. The company integrates AI into its body-worn cameras and cloud-based Evidence.com system to improve search and retrieval capabilities. Axon is a leader in public safety technologies for law enforcement, enterprises, and government agencies. Its strong financial performance and innovative product offerings make it an attractive investment opportunity. The growing demand for AI-driven public safety solutions positions Axon well to capitalize on this trend.

Nvidia and TSMC Lead Nasdaq to Potential 30,000 High

The Nasdaq Composite index jumped 102% over the past three years, outperforming the S&P 500 due to strong tech earnings growth fueled by AI. Analysts expect tech earnings to spike 44% in the first quarter of 2026, potentially driving the index to 30,000 by 2027. Nvidia holds an 81% share of the AI data center chip market and recently launched Vera Rubin processors that improve on its Blackwell chips. TSMC controls 72% of the third-party foundry market and has sold out manufacturing capacity until 2028. TSMC expects to increase chip prices by 5% to 10% this year, with advanced 2-nanometer nodes seeing the biggest jumps. Analysts predict TSMC earnings in 2027 could reach $19.17 per share with high-50s compound annual growth through 2029. Both companies are dominant in their niches and are key drivers of the AI revolution.

AMD Expected to Outperform Nvidia in AI Chip Market

Advanced Micro Devices is expected to be one of the best Nasdaq stocks by the end of 2026 after recovering from being behind Nvidia in the AI chip market. AMD anticipates its data center revenue to grow by more than 60% annually over the next three to five years. The company has multiyear partnerships with Meta Platforms and OpenAI and is confident its MI450 GPUs could outperform Nvidia's latest Vera Rubin chips. Analysts expect AMD earnings to grow 60% in 2026 to $6.70 per share as data center GPU shipments ramp up. This growth is much faster than the S&P 500's expected 18% earnings growth this year. AMD has lucrative partnerships and potential new customers like Anthropic that could boost its performance further. Strong earnings growth points toward more gains for investors in the AI sector.

MUFG Bank Plans 10 Billion Yen Profit Boost from AI

MUFG Bank Ltd. aims to generate 10 billion yen in gross business profit by utilizing artificial intelligence. President and CEO Masakazu Osawa shared this goal during an interview with The Yomiuri Shimbun. The bank is integrating AI into its operations to draw out more value from its business activities. This strategy represents a significant step forward for the Japanese megabank in the digital age. The investment in AI technology is expected to enhance efficiency and profitability across the bank's services.

Old Economy Sectors Offer Stability Amid Market Chaos

Despite global chaos caused by war in the Middle East and rapid AI advancement, stocks have remained surprisingly resilient. Market strategists are pointing to agriculture, utilities, and manufacturing as standout opportunities. Agriculture is benefiting from increased demand for food security due to rising populations and climate change affecting crop yields. Utilities are attracting attention because of their stable cash flows and essential services, with renewable energy investments further boosting the sector. Manufacturing, particularly in defense and infrastructure, is gaining interest due to geopolitical tensions and government investment in domestic production. These old-economy sectors offer stability and growth potential for investors looking beyond tech and AI hype.

Zscaler EVP Departure Does Not Change AI Security Focus

Raj Judge, EVP of Corporate Strategy and board member at Zscaler, resigned effective April 15, 2026, with severance expected under the company's policy. His departure is viewed as a governance and leadership continuity consideration rather than a change to the core thesis. Zscaler recently won Google Cloud's 2026 Partner of the Year Award for Security in the Application category, highlighting traction on a major hyperscaler. The company projects $5.2 billion revenue and $152.9 million earnings by 2029, requiring 19.9% yearly revenue growth. Some analysts remain cautious, assuming no profitability within three years, which contrasts with the recent Google Cloud win. The biggest near-term catalyst remains broader adoption of Zscaler's Zero Trust and AI security modules.

Petual Secures Funding to Automate Audit Processes

Andreessen Horowitz invested in Petual, a startup building an AI-powered platform to streamline audit and compliance functions. The annual global spend on these areas exceeds $30 billion, with much dedicated to mandatory audits like the Sarbanes-Oxley Act. Petual's domain-specific AI platform automates repetitive evidence-gathering tasks that consume internal audit teams' time. This allows human auditors to focus on higher-value strategic work like identifying novel risks and designing controls. The startup has already worked with over a dozen large public companies, including Fortune 500 and NASDAQ 100 firms. One client described Petual's impact as 'utterly transformative,' noting a drastic reduction in their audit budget. The investment is backed by CEO Snir, a seasoned entrepreneur with prior roles at Retool and Lyft.

AI Brokers Help San Diegans Save Thousands on Homes

Artificial intelligence-powered brokerages are helping people in San Diego buy and sell homes while saving them tens of thousands of dollars. Brian O'Toole used an AI platform to buy a Carlsbad home listed for $2.4 million and saved about $45,000 at closing. The seller paid a flat fee, and the savings would have gone to a traditional agent. O'Toole matched with a real agent virtually who used AI to compare neighborhood sales and inspection reports. Traditional agents are also using AI to make their business easier and faster. This technology helps people navigate the market more efficiently without the high costs of traditional representation.

Fere AI Raises $1.3M for Self-Improving Trading Agents

Singapore-based Fere AI raised $1.3M in a seed round to develop always-on, self-improving trading agents for retail investors. The company describes its system as self-improving, meaning the agent refines its strategy over time without requiring manual updates from users. The goal is to give retail participants access to tools previously reserved for institutional desks. Fere positions itself differently by targeting users who do not already operate on large trading platforms. No token has been announced, and the company has not indicated a timeline for a public product launch. AI trading agents have attracted growing interest in 2026 as several protocols launched agent frameworks on Solana and Ethereum.

Broadcom Revenue Hits Record as AI Market Expands

Broadcom has proven that the AI market still has plenty of room to grow despite some investors rotating out of tech. The company produces custom application-specific integrated circuit AI accelerators for hyperscalers to accelerate inference tasks. In fiscal 2025, Broadcom's sales of AI chips soared 65% to $20 billion, accounting for 31% of its top line. It expects that figure to surge to $60-$90 billion by the end of fiscal 2027. Major hyperscalers like Meta and Google order more custom AI accelerators to reduce dependence on Nvidia and control data center expenses. The AI market could grow at a 30.6% CAGR from 2026 to 2033 as more enterprises adopt generative AI and agentic AI technologies. Broadcom remains a solid growth stock to buy, hold, and forget for at least the next decade.

Sources

• This AI Stock Is Up 2,000% in 10 Years. It Could Still Soar 103%, Says a Wall Street Analyst (Hint: Not Nvidia or Palantir)
• This AI Stock Is Up 2,000% in 10 Years. It Could Still Soar 103%, Says a Wall Street Analyst (Hint: Not Nvidia or Palantir)
• Prediction: The Nasdaq Could Soar to 30,000 by 2027. These Are the Best Artificial Intelligence (AI) Growth Stocks to Own Until Then.
• Prediction: This Artificial Intelligence (AI) Growth Stock Will Be the Nasdaq's Best Performer by Year-End
• Yomiuri: MUFG Bank Eyes to Draw Out Value Worth 10 Billion Yen Through AI Integration, CEO Says
• Old-Economy Investments Gain New Appeal in Confounding Markets
• Does Zscaler's (ZS) EVP Exit Reshape Its AI Security Strategy Or Reinforce Its Zero Trust Focus?
• Petual Secures Funding for Audit AI
• San Diegans using AI to buy, sell homes
• Fere AI Raises $1.3M To Build Always-On Self-Improving Trading Agent
• Investors Rotating Out of Tech Are Making a Mistake. This AI Growth Stock's Revenue Just Hit a Record.