Photo by Steve Johnson on Unsplash

Introduction

The munKNEE  AI Small Cap Stocks Portfolio declined 23% in April (see here) but was UP 2.5% w/e May3rd and another 3.0% w/e May 10th. This article highlights the performances of the Portfolio's 10 constituents, in descending order, last week and YTD along with their latest news, commentary, and/or analysis where available:

The munKNEE Small Cap AI Stocks Portfolio

1. Innodata (INOD): UP 60.4% last week; UP 32.4% 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:
     • Innodata Reports Record First Quarter 2024 Results; Raises Guidance to at Least 40% Organic Revenue Growth in 2024
2. SoundHoundAI (SOUN): UP 13.1% last week; UP 140.1% 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 Stock Surges as Demand for Voice AI Tools Boosts Revenue, Guidance
3. Digimarc Corporation (DMRC):  UP 0.3% last week; DOWN 36.4% 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 Reports First Quarter 2024 Financial Results
4. Verses AI (VRSSF): DOWN 2.7% last week; DOWN 36.5% 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 Closes Additional Tranche for C$9.3M Aggregate Proceeds under Private Placement
5. BigBear.ai (BBAI): DOWN 6.7% last week; DOWN 35.0% 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: 
     • BigBear.ai Announces First Quarter 2024 Results
6. D-Wave Quantum (QBTS): DOWN 7.1% last week; UP 47.7% YTD:
   • QBTS develops and delivers quantum computing systems, software, and services worldwide.
   • Latest news, commentary and/or analysis:
     • D-Wave Reports First Quarter 2024 Results
7. Applied Optoelectronics (AAOI): DOWN 7.7% last week; DOWN 47.1% 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: 
     • Applied Optoelectronics Reports First Quarter 2024 Results
8. Rekor Systems (REKR): DOWN 12.4% last week; DOWN 49.2% YTD
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
   • Latest news, commentary and/or analysis: None
9. Rigetti Computing: (RGTI): DOWN 17.1% last week; UP 141.7% YTD
   • RGTI builds quantum computers and the superconducting quantum processors.
   • Latest News, Commentary and/or Analysis:
     • Rigetti Computing Reports First Quarter 2024 Financial Results
10. Evolv Technologies (EVLV); DOWN 39.2% last week; DOWN 50.0% YTD 
    • EVLV screens people for threats without sacrificing the visitor experience.
    • Latest news, commentary and/or analysis:
      • Evolv Technologies Holdings, Inc. Sued for Securities Law Violations

Summary

As mentioned in the introduction the munKNEE Small Cap AI Stocks Portfolio went UP 3.0% last week which outperformed the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents, which only went UP 0.7%, but the portfolio is still DOWN 26.4% YTD.

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