AI Small Cap Stocks Portfolio UP 2.5% Last Week: Still Down 28.5% YTD

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Introduction

The munKNEE AI Small Cap Stocks Portfolio declined 23% in April (see here) but improved somewhat last week with 7 of the 10 constituents advancing. This article highlights their performances, in descending order, along with their latest news, commentary, and/or analysis where available:

The munKNEE Small Cap AI Stocks Portfolio

Innodata (INOD): UP 13.5% last week
- 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:
  - Innodata to Report First Quarter 2024 Results
Rigetti Computing: (RGTI): UP 11.1% last week
- RGTI builds quantum computers and the superconducting quantum processors.
- Latest News, Commentary and/or Analysis:
  - Rigetti Computing Launches the Novera™ QPU Partner Program
Rekor Systems (REKR): UP 7.8% last week
- REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
- Latest news, commentary and/or analysis: None
Verses AI (VRSSF): UP 7.1% last week
- 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 Closes Additional Tranche for C$9.3M Aggregate Proceeds under Private Placement
SoundHoundAI (SOUN): UP 2.3% last week
- SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
- Latest News, Commentary and/or Analysis: None
Digimarc Corporation (DMRC): UP 2.2% last week
- DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
- Latest news, commentary and/or analysis:
  - Digimarc Reports First Quarter 2024 Financial Results
Applied Optoelectronics (AAOI): UP 2.0% last week
- 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: None
D-Wave Quantum (QBTS): DOWN 2.8% last week
- QBTS develops and delivers quantum computing systems, software, and services worldwide.
- Latest news, commentary and/or analysis: None
Evolv Technologies (EVLV): DOWN 6.0% last week
- EVLV screens people for threats without sacrificing the visitor experience.
- Latest news, commentary and/or analysis:
  - Shareholders that lost money on Evolv Technologies Holdings, Inc. (EVLV) Urged to Join Class Action
BigBear.ai (BBAI): DOWN 17.2% last week
- 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:
  - BigBear.ai Announces First Quarter 2024 Results

Summary

As mentioned in the introduction the munKNEE Small Cap AI Stocks Portfolio went UP 2.5% last week which outperformed the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents, which only went UP 1.5%, but is still DOWN 28.5% YTD,

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