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Introduction

All 54 constituents in the 7 AI category portfolios tracked by munKNEE declined in April (see here) so it is no surprise that such weakness was also the case with the 10 stocks in the Small Cap AI Stocks Portfolio. This article highlights their April performances in ascending order along with their latest news, commentary, and/or analysis where available:

The munKNEE Small Cap AI Stocks Portfolio

1. Verses AI (VRSSF):  DOWN 33.3% in April 
   • 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
2. D-Wave Quantum (QBTS): DOWN 32.8% in April
   • QBTS develops and delivers quantum computing systems, software, and services worldwide.
   • Latest news, commentary and/or analysis:
     • D-Wave Reports Fourth Quarter and Year-End 2023 Results
3. Applied Optoelectronics (AAOI): DOWN 29.4% in April
   • 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: None
4. SoundHoundAI (SOUN): DOWN 28.0% in April 
   • 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 AI stock price crash erases $1.5 billion in value
5. Rekor Systems (REKR): DOWN 22.3% in April
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
   • Latest news, commentary and/or analysis: None
6. Digimarc Corporation (DMRC):  DOWN 22.2% in April
   • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
   • Latest news, commentary and/or analysis: None
7. BigBear.ai (BBAI): DOWN 18.5% in April 
   • 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
8. Rigetti Computing: (RGTI): DOWN 16.3% in April 
   • RGTI builds quantum computers and the superconducting quantum processors.
   • Latest News, Commentary and/or Analysis: None
9. Evolv Technologies (EVLV): DOWN 12.1% in April 
   • EVLV screens people for threats without sacrificing the visitor experience.
   • Latest news, commentary and/or analysis:
     • Shareholders that lost money on Evolv Technologies Holdings, Inc. (EVLV) Urged to Join Class Action
10. Innodata (INOD): DOWN 11.5% in April
    • 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 Releases Open-Source LLM Evaluation Toolkit and Evaluation Datasets and Announces New LLM Trust and Safety Wins

Summary

The munKNEE Small Cap AI Stocks Portfolio went DOWN 22.8% in the month of April with all 10 constituents declining. It is now DOWN 34% YTD,

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