Small Cap AI Stocks Portfolio Jumped 18% In May
The artificial intelligence and related (AI&R) sector is going to play a major role in the future of technology and investing in it should generate fantastic returns over the next decade. That being said, however, most investors focus on the mega/large cap AI & related (AI&R) stocks that trade for hundreds of dollars per share yet there are a few less expensive, and potentially more explosive, micro- and small-; cap AI&R stocks (i.e., stocks with market capitalizations above $100M but less than $2B) that will get you wider exposure to that growth with less money invested.
Which have the greatest prospects of outperforming the sector in the coming months and years? Well, it all comes down to playing it smart and doing your research and, to help you with that, we present below our munKNEE Small AI Stocks Portfolio consisting of 10 small cap AI&R stocks (average market capitalization of $452M; includes 3 microccap under $250M) presented in descending order for the month, their individual market capitalizations and recent news, analysis and commentary where appropriate.
- Innodata (INOD): up 113.2% in May (down 2.6% last week)
- INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
- Market Capitalization: $363M
- Latest news, commentary and/or analysis:
- Verses AI (VRSSF): up 30.0% in May (up 3.4% last week)
- 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: $136M
- Latest news, commentary and/or analysis:
- Digimarc Corporation (DMRC): up 19.9% in May (down 0.7% last week)
- DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
- Market Capitalization: $571M
- DMRC Latest news, commentary and/or analysis:
- SoundHound AI (SOUN): up 14.8% in May (down 2.0% last week)
- SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
- Market Capitalization: $1,660M
- Latest news, commentary and/or analysis:
- Rekor Systems (REKR): up 1.1% in May (up 13.8% last week)
- REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
- Market Capitalization: $155M
- Latest news, commentary and/or analysis:
- Applied Optoelectronics (AAOI): down 3.3% in May (down 16.3% last week)
- AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
- Market Capitalization: $408M
- Latest news, commentary and/or analysis:
- D-Wave Quantum (QBTS): down 6.3% in May (up 10.7% last week)
- QBTS develops and delivers quantum computing systems, software, and services worldwide.
- Market Capitalization: $235M
- Latest news, commentary and/or analysis:
- Rigetti Computing: (RGTI): down 16.7% in May (down 0.9% last week)
- RGTI builds quantum computers and the superconducting quantum processors.
- Market Capitalization: $181M
- Latest news, commentary and/or analysis:
- BigBear.ai (BBAI): down 16.7% in May (down 4.5% last week)
- BBAI provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
- Market Capitalization: $369M
- Latest news, commentary and/or analysis:
- Evolv Technologies (EVLV): down 28.3% in May (up 4.6% last week)
- EVLV screens people for threats without sacrificing the visitor experience.
- Market Capitalization: $446M
- Latest news, commentary and/or analysis:
Summary
The munKNEE Small Cap AI Stocks Portfolio went down 3.2% last week in line with the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents, which was down 3.0% but still went up 18.1% during May clearly outperforming the mega/large cap constituents which went down 4.3% during the week and only up 1.3% in the month of May.
More By This Author:
The 7 AI Categories Were Down 4%, On Average, This Week; Up 1% In May
Largest Cannabis Stocks Declined 31%, On Average, In May
Cannabis Growth Q4 Financials Unimpressive
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. ...
more