Axon Enterprise (AXON) shares surged nearly 14% to lead S&P 500 and Nasdaq gainers Thursday, a day after the Taser maker topped profit and sales forecasts and lifted its outlook on demand for its new artificial intelligence policing tool.

Shares of Axon Enterprise Inc. AXON surged 14.13% to $686.83 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.58% to 5,663.

Software led the way, with 39% revenue growth, which sets Axon up nicely for future growth. Annual recurring revenue grew by 34% to $1.1 billion and the company improved its net revenue retention rate by 1 basis point to 123%,