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:

1. 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
2. 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
3. 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
4. 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
5. 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
6. 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
7. 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
8. 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

The above 8 stocks were up 8.9%, on average, last week and are now up 11.7% YTD.

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