Major Declines In Small Cap AI Stocks Dragged Down Portfolio Last Week

 

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Declines in 6 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio resulted in a 2.1% decline in the Portfolio last week following a 13.5% increase the previous week. Below are the performances of each of the constituents, in ascending order, a description of the focus of each company and the latest news, analyses and commentary where available.

1. SoundHound AI (SOUN): DOWN 20.5% last week
   • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
2. D-Wave Quantum (QBTS): DOWN 15.7% last week
   • QBTS develops and delivers quantum computing systems, software, and services worldwide.
3. Rekor Systems (REKR): DOWN 13.4% last week
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
4. BigBear.ai (BBAI): DOWN 8.1% last week
   • BBAI provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
5. Rigetti Computing: (RGTI): DOWN 3.7% last week
   • RGTI builds quantum computers and the superconducting quantum processors.
6. Digimarc Corporation (DMRC): DOWN 0.3% last week 
   • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
7. Applied Optoelectronics (AAOI): UP 3.2 % last week
   • AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
8. Innodata (INOD): UP 4.3% 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 UP 19% MTD: Is This an Indication of Further Gains?
9. Verses AI (VRSSF): UP 9.7% 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 Recognized in Gartner’s 2024 Hype Cycle for Artificial Intelligence Report
10. Evolv Technologies (EVLV): UP 10.5% last week
    • EVLV screens people for threats without sacrificing the visitor experience.
    • Latest news, commentary and/or analysis: 
      • Evolv Technology’s Latest Software Update Designed to Simplify Security Management and Reporting

The munKNEE Micro/Small Cap AI Stocks Portfolio went DOWN 2.1%% last week but remains UP 11.1% MTD and is now DOWN 3.9% YTD.

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