AI Micro/Small Cap Stocks Bubble Still Intact - Up 9% Last Week

Photo by Steve Johnson on Unsplash

At the end of 2023 I stated that the eight micro/small cap ($50M to $2B) AI & related stocks in the munKNEE Micro/Small Cap AI Stocks Index were still very much in bubble mode having gone up 18.6% in December, on average, and that positive trend continued last week up 8.9% and is now already up 11.7% YTD.

The performances of the 8 constituents in the index are ranked below in descending order as to their performances last week, as well as YTD along with their latest news, commentary and/or analysis where available:

Soundhound (SOUN): up 18.9% last week; up 6.6% YTD
- SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
- latest news, commentary and/or analysis:
  - SoundHound And Jersey Mike’s Introduce Voice AI Phone Ordering
Evolv Technologies (EVLV): up 13.7% last week; up 7.4% YTD
- EVLV screens people for threats without sacrificing the visitor experience.
- latest news, commentary and/or analysis:
  - Evolv Technologies Chosen as ASM Global’s Preferred Patron Screening Technology Provider
BigBear.ai (BBAI): up 13.5% last week; down 13.6% YTD
- BBAI provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
- latest news, commentary and/or analysis: None
Innodata (INOD): up 8.5% last week; up 42.9% YTD
- INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
- latest news, commentary and/or analysis:
  - The Zacks Analyst Blog Highlights Innodata
Applied Optoelectronics (AAOI): up 6.4% last week; up 3.7% YTD
- AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
- latest news, commentary and/or analysis:
  - Why Applied Optoelectronics Stock Just Jumped
Digimarc (DMRC): up 5.1% last week; up 14.0% YTD
- DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
- latest news, commentary and/or analysis:
  - Digimarc Releases Next-Generation Digital Watermarks
Verses AI (VRSSF): down 9.3% last week; up 10.4% YTD
- VRSSF offers a voice and text-based personal AI assistant designed to learn about its users in order to better organize, manage, and optimize their digital life.
- latest news, commentary and/or analysis:
  - VERSES Discussed the Future of AI and Computing at Davos 2024
Rekor Systems (REKR): down 11.9% last week; down 17.4% YTD
- REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
- latest news, commentary and/or analysis:
  - Rekor Systems Announces Closing of Follow-On Public Offering of Common Stock