Image Source: Unsplash

Introduction

Our Micro/Small Cap AI Stocks Portfolio went up 11.5% last week and below are the performances of each of the constituents, last week and MTD, along with a description of the focus of each company, their market capitalizations, and the latest news, analyses and commentary where available. Keep in mind that percentages of a very small company may look bigger but involve much less money that the same percentage of a much larger company.

The munKNEE Micro/Small Cap AI Stocks Portfolio

1. BigBear.ai (BBAI): up 36.5% last week; up 13.9% MTD
   • provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
   • Market Capitalization: $430M
   • Latest news, commentary and/or analysis:
     • BigBear.ai and Concept Solutions team awarded shared IDIQ contract with U.S. Federal Aviation Administration to provide IT solutions and emerging tech
2. Applied Optoelectronics (AAOI): up 17.3% last week; up 1.7% MTD
   • AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
   • Market Capitalization: $397M
   • Latest news, commentary and/or analysis:
     • Applied Optoelectronics Reports Second Quarter 2024 Results
3. D-Wave Quantum (QBTS): up 15.1% last week; up 7.0% MTD
   • develops and delivers quantum computing systems, software, and services worldwide.
   • Market Capitalization: $216M
   • Latest news, commentary and/or analysis:
     • D-Wave Quantum Reports Strong Q2 2024 Results
4. Evolv Technologies (EVLV): up 14.0% last week; up 17.3% MTD 
   • EVLV screens people for threats without sacrificing the visitor experience.
   • Market Capitalization: $641M
   • Latest news, commentary and/or analysis:
     • Evolv Technology Helps to Protect European Events This Summer
5. Innodata (INOD): up 12.2% last week; down 1.1% MTD 
   • INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
   • Market Capitalization: $555M
   • Latest news, commentary and/or analysis:
     • Innodata Reports Second Quarter 2024 Results
6. Digimarc Corporation (DMRC): up 10.5% last week; down 9.9% MTD
   • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
   • Market Capitalization: $615M
   • Latest news, commentary and/or analysis:
     • Digimarc Second Quarter 2024 Earnings: Beats Expectations
7. Rigetti Computing: (RGTI): up 7.8% last week; down 5.8% MTD
   • RGTI builds quantum computers and the superconducting quantum processors.
   • Market Capitalization: $185M
   • Latest news, commentary and/or analysis:
     • Rigetti Introduces Novel Chip Fabrication Process For Scalable, High Performing QPUs
8. Rekor Systems (REKR): up 6.9% last week; down 23.1% MTD
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
   • Market Capitalization: $124M
   • Latest news, commentary and/or analysis:
     • Rekor Secures SOC2 Type II Certification, Setting Standard for Roadway Data Protection
9. SoundHound AI (SOUN): up 1.2% last week; down 1.2% MTD
   • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
   • Market Capitalization: $1.8 Billion
   • Latest news, commentary and/or analysis:
     • SoundHound AI Revenue Forecasts Just Upgraded By Industry Analysts 
10. Verses AI (VRSSF): down 7.4% last week; down 8.5% MTD
    • 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: $115M
    • Latest news, commentary and/or analysis:
      • Verses announces completion of a research collaboration with NASA Jet Propulsion Laboratory

Summary

The munKNEE Micro/Small Cap AI Stocks Portfolio was up 11.5% last week compared to going down 3.8% the previous week and is now only down 3.9% MTD and down 5.7% YTD. The average market capitalization of the 10 constituents is $508M.

More By This Author:

Largest Psychedelic Compound -Based Clinical-Stage Drug Stocks Up 6% Last Week
Hype In Cannabis Stocks Has Waned: Down 7%, On Average, This Week
Semiconductor Sector Flat This Week; Down MTD; Here Are The Details Of 7 Segments