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Introduction

Only 2 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio declined in July and, as a result, the Portfolio went UP 13.5% vs. only a 3.2% increase in June. Below are the performances of each of the constituents in July, in descending order, 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 munKNEE Micro/Small Cap AI Stocks Portfolio

1. Evolv Technologies (EVLV): UP 36.1% in July; DOWN 26.5% YTD 
   • EVLV screens people for threats without sacrificing the visitor experience.
   • Market Capitalization: $519M
   • Latest news, commentary and/or analysis:
     • Evolv Technology’s Latest Software Update Designed to Simplify Security Management and Reporting
     • Evolv Technology to Release Second Quarter Financial Results on August 8, 2024
2. Innodata (INOD): UP 30.5% in July; UP 13.8% YTD 
   • INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
   • Market Capitalization: $519M
   • Latest news, commentary and/or analysis:
     • Could Innodata Become the Next Palantir?
     • Innodata to Report Second Quarter 2024 Results On August 8th
3. SoundHound AI (SOUN): UP 29.2% in July; UP 140.1% YTD
   • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
   • Market Capitalization: $1,600M
   • Latest news, commentary and/or analysis:
     • SoundHound AI Rolls Out Voice Assistant with Generative AI to Alfa Romeo and Citroën Vehicles Across Europe
     • SoundHound AI To Report 2024 Second Quarter Financial Results on August 8
4. Rekor Systems (REKR): UP 17.4% in July; DOWN 45.3% YTD
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
   • Market Capitalization: $148M
   • Latest news, commentary and/or analysis:
     • SoundThinking and Rekor Systems Announce Strategic Partnership
     • Rekor Systems to Announce Second Quarter Fiscal 2024 Results on August 14th
5. Applied Optoelectronics (AAOI): UP 15.2% in July; DOWN 50.6% YTD
   • AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
   • Market Capitalization: $344M
   • Latest news, commentary and/or analysis:
     • Applied Optoelectronics To Report Second Quarter 2024 Financial Results On August 6th
6. Verses AI (VRSSF): UP 12.3% in July; DOWN 28.7% 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: $123M
   • Latest news, commentary and/or analysis:
     • VERSES Recognized in Gartner’s 2024 Hype Cycle for Artificial Intelligence Report
     • VERSES Publishes Pioneering Research Demonstrating More Versatile, Efficient, Physics Foundation for Next-Gen AI
7. Digimarc Corporation (DMRC): UP 3.2% in July; DOWN 11.4% YTD
   • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
   • Market Capitalization: $668M
   • Latest news, commentary and/or analysis: None
8. BigBear.ai (BBAI): No Change in July; DOWN 29.4% YTD
   • provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
   • Market Capitalization: $357M
   • Latest news, commentary and/or analysis:
     • BigBear.ai Reports Second Quarter 2024 Results After Close Today
9. Rigetti Computing: (RGTI): DOWN 3.7% in July; UP 114.6% YTD
   • RGTI builds quantum computers and the superconducting quantum processors.
   • Market Capitalization: $166M
   • Latest news, commentary and/or analysis:
     • Could Rigetti Computing Become the Next IonQ?
     • Rigetti Computing to Report Second Quarter 2024 Financial Results on August 8
10. D-Wave Quantum (QBTS): DOWN 12.3% in July; UP 13.6% YTD
    • develops and delivers quantum computing systems, software, and services worldwide.
    • Market Capitalization: $128M
    • Latest news, commentary and/or analysis:
      • D-Wave Announces Roadmap to Extend Leap Quantum Cloud Service for AI/ML
      • Will D-Wave Quantum Report Negative Earnings Next Week? What You Should Know

Summary

The munKNEE Micro/Small Cap AI Stocks Portfolio was UP 13.5% in July and is now UP 1.8% YTD. The average market capitalization of the 10 constituents is $457M.

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