Our Micro/Small Cap AI Stocks Portfolio Went Down 5% In August

An Introduction

The artificial intelligence and related (AI&R) sector is going to play a major role in the future of technology and investing in it should generate fantastic returns over the next decade. That being said, however, most investors focus on the mega/large cap AI&R stocks that trade for hundreds of dollars per share yet there are a few less expensive, and potentially more explosive, micro- and small- cap AI&R stocks (i.e., stocks with market capitalizations above $100M but less than $2B) that will get you wider exposure to that growth with less money invested.

To that end, MunAiMarkets.com has created a portfolio of 10 such stocks which it will monitor on a bi-weekly basis to keep you informed of their stock performances (weekly, MTD, YTD) and latest pertinent news, analyses and/or commentary under the Micro/Small Cap AI Stocks Portfolio banner.

The Micro/Small Cap AI Stocks Portfolio

Applied Optoelectronics (AAOI): UP 18.8% in August
- AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
- Market Capitalization: $464M
- Latest news, commentary and/or analysis:
  - Applied Optoelectronics Reports Second Quarter 2024 Results
Evolv Technologies (EVLV): UP 13.5% in August
- EVLV screens people for threats without sacrificing the visitor experience.
- Market Capitalization: $621M
- Latest news, commentary and/or analysis:
  - Evolv Technology Reports Second Quarter Financial Results
BigBear.ai (BBAI): UP 5.3% in August
- provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
- Market Capitalization: $398M
- Latest news, commentary and/or analysis:
  - BigBear.ai and Concept Solutions team awarded shared IDIQ contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech
D-Wave Quantum (QBTS): UP 1.0% in August
- develops and delivers quantum computing systems, software, and services worldwide.
- Market Capitalization: $203M
- Latest news, commentary and/or analysis:
  - D-Wave Quantum Reports Strong Q2 2024 Results
SoundHound AI (SOUN): DOWN 3.9% in August
- SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
- Market Capitalization: $1,750M
- Latest news, commentary and/or analysis:
  - SoundHound AI Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Digimarc Corporation (DMRC): DOWN 10.3% in August
- DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
- Market Capitalization: $613M
- Latest news, commentary and/or analysis:
  - Digimarc Second Quarter 2024 Earnings: Beats Expectations
Rigetti Computing: (RGTI): DOWN 10.7% in August
- RGTI builds quantum computers and the superconducting quantum processors.
- Market Capitalization: $175M
- Latest news, commentary and/or analysis:
  - Rigetti Introduces Novel Chip Fabrication Process For Scalable, High Performing QPUs
Innodata (INOD): DOWN 10.7% in August
- INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
- Market Capitalization: $501M
- Latest news, commentary and/or analysis:
  - Innodata Reports Second Quarter 2024 Results
Verses AI (VRSSF): DOWN 20.7% in August
- 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.
- Market Capitalization: $98M
- Latest news, commentary and/or analysis:
  - Verses announces completion of a research collaboration with NASA Jet Propulsion Laboratory
Rekor Systems (REKR): DOWN 33.1% in August
- REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
- Market Capitalization: $110M
- Latest news, commentary and/or analysis:
  - Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection