Photo by Steve Johnson on Unsplash

Introduction

Only 2 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio declined last week and, as a result, the Portfolio went UP 5.1% vs. going DOWN 2.1% the previous week. Below are the performances of each of the constituents last week, in descending order, the previous week and MTD and YTD along with a description of the focus of each company, their market capitalizations, and the latest news, analyses and commentary where available.

The Micro/Small Cap AI Stocks Portfolio

1. Evolv Technologies (EVLV): UP 13.0% last week; UP 10.5% the previous week; UP 40.0% MTD; DOWN 24.4% YTD 
   • EVLV screens people for threats without sacrificing the visitor experience.
   • Market Capitalization: $557M
   • Latest news, commentary and/or analysis: 
     • Evolv Technology’s Latest Software Update Designed to Simplify Security Management and Reporting
2. Innodata (INOD): UP 12.0% last week; UP 4.3% the previous week; UP 33.2% MTD; UP 142.8% YTD 
   • INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
   • Market Capitalization: $568M
   • Latest news, commentary and/or analysis: 
     • Could Innodata Become the Next Palantir?
3. Verses AI (VRSSF): UP 11.5% last week; UP 9.7% the previous week; UP 16.0% MTD; DOWN 24.3% 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.
   • Market Capitalization: $134M
   • Latest news, commentary and/or analysis: 
     • VERSES Recognized in Gartner’s 2024 Hype Cycle for Artificial Intelligence Report
4. Rekor Systems (REKR): UP 11.3% last week; DOWN 13.4% the previous week; UP 20.6% MTD; DOWN 43.8% YTD
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
   • Market Capitalization: $165M
   • Latest news, commentary and/or analysis:
     • SoundThinking and Rekor Systems Announce Strategic Partnership
5. Digimarc Corporation (DMRC): UP 5.4% last week; DOWN 0.3% the previous week; UP 10.9% MTD; DOWN 4.8% YTD
   • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
   • Market Capitalization: $732M
6. SoundHound AI (SOUN): UP 3.9% last week; DOWN 20.5% the previous week; UP 29.9% MTD; UP 141.7% YTD
   • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
   • Market Capitalization: $1,690M
7. Rigetti Computing: (RGTI): UP 2.9% last week; DOWN 3.7% the previous week; No Change MTD; UP 122.9% YTD
   • RGTI builds quantum computers and the superconducting quantum processors.
   • Market Capitalization: $184M
   • Latest news, commentary and/or analysis:
     • Rigetti Computing Gains But Lags Market: What You Should Know
8. BigBear.ai (BBAI): UP 2.7% last week; DOWN 8.1% the previous week; UP 0.7% MTD; DOWN 29.0% YTD
   • provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
   • Market Capitalization: $374M
9. D-Wave Quantum (QBTS): DOWN 2.9% last week; DOWN 15.7% the previous week; DOWN 13.2% MTD; UP 12.5% YTD
   • develops and delivers quantum computing systems, software, and services worldwide.
   • Market Capitalization: $173M
   • Latest news, commentary and/or analysis:
     • D-Wave Announces Roadmap to Extend Leap Quantum Cloud Service for AI/ML
10. Applied Optoelectronics (AAOI): DOWN 10.4% last week; UP 3.2 % the previous week; UP 4.6% MTD; DOWN 55.1% YTD
    • AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
    • Market Capitalization: $337M

Summary

The munKNEE Micro/Small Cap AI Stocks Portfolio was UP 5.1% last week vs. going DOWN 2.1%% the previous week and is now UP 16.8% MTD and is now UP 1.0% YTD. The average market capitalization of the 10 constituents is $491M.

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