Small Cap AI Stocks Portfolio Already Down 19% So Far In April

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Introduction

In yesterday's article I noted that all 54 constituents in the 7 AI category portfolios tracked by munKNEE declined in price last week. So it is no surprise that such weakness was also the case in the Small Cap AI Stocks Portfolio.

Here we highlight the 10 stocks in the Portfolio, ranking their performances last week, in descending order, and MTD along with their latest news, commentary and/or analysis where available:

The munKNEE Small Cap AI Stocks Portfolio

  1. Applied Optoelectronics (AAOI): UP 7.9% last week; DOWN 13.2% MTD  
    • 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
  2. D-Wave Quantum (QBTS): DOWN 2.4% last week; DOWN 22.1% MTD 
  3. Digimarc Corporation (DMRC):  DOWN 3.6% last week; DOWN 16.9% MTD 
    • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
    • Latest news, commentary and/or analysis: None
  4. Evolv Technologies (EVLV): DOWN 5.4% last week; DOWN 13.9% MTD 
  5. Rigetti Computing: (RGTI): DOWN 6.8% last week; DOWN 28.1% MTD 
    • RGTI builds quantum computers and the superconducting quantum processors.
    • Latest News, Commentary and/or Analysis: None
  6. Innodata (INOD): DOWN 8.4% last week; DOWN 12.1% MTD 
  7. Rekor Systems (REKR): DOWN 11.8% last week; DOWN 21.8% MTD 
    • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
    • Latest news, commentary and/or analysis: None
  8. Verses AI (VRSSF):  DOWN 16.3% last week; DOWN 36.2% 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.
    • Latest news, commentary and/or analysis: 
  9. BigBear.ai (BBAI): DOWN 17.1% last week; DOWN 29.3% MTD 
    • 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
  10. SoundHoundAI (SOUN): DOWN 18.9% last week; DOWN 39.7% MTD 

Summary

The munKNEE Small Cap AI Stocks Portfolio went DOWN 4.1% last week with 9 of the 10 constituents declining. It is down 18.7% so far this month, is down 30.5% YTD, and is now only up 1.9% from when the AI sector took off at the end of October 2023.


More By This Author:

All 7 AI Category Portfolios Continued To Decline This Week
Bitcoin Halving Is Happening Saturday; What Could It Mean For Its Future Price?
Update: Israeli Stocks On U.S. Exchanges Have Outpaced Nasdaq And S&P 500 Since October 7/23

Disclosure: None

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...

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