Small Cap AI Stocks Portfolio UP 2.5% w/e May 3rd

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An original article by Lorimer Wilson, Founder and Managing Editor of munKNEE.com – a site for sore eyes and inquisitive minds and your KEY to making money – which was first posted on TalkMarkets.com under the title “AI Small Cap Stocks Portfolio UP 2.5% Last Week: Still Down 28.5% YTD” with 944 pageviews to date.

Introduction

The munKNEE  AI Small Cap Stocks Portfolio declined 23% in April (see here) but improved somewhat last week with 7 of the 10 constituents advancing. This article highlights their performances, in descending order, along with their latest news, commentary, and/or analysis where available:

The munKNEE Small Cap AI Stocks Portfolio

1. Innodata (INOD): UP 13.5% last week
   • 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 to Report First Quarter 2024 Results
2. Rigetti Computing: (RGTI): UP 11.1% last week
   • RGTI builds quantum computers and the superconducting quantum processors.
   • Latest News, Commentary and/or Analysis:
     • Rigetti Computing Launches the Novera™ QPU Partner Program
3. Rekor Systems (REKR): UP 7.8% last week
   • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
   • Latest news, commentary and/or analysis: None
4. Verses AI (VRSSF):  UP 7.1% 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.
   • Latest news, commentary and/or analysis:
     • VERSES Closes Additional Tranche for C$9.3M Aggregate Proceeds under Private Placement
5. SoundHoundAI (SOUN): UP 2.3% last week
   • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
   • Latest News, Commentary and/or Analysis: None
6. Digimarc Corporation (DMRC):  UP 2.2% last week
   • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
   • Latest news, commentary and/or analysis:
     • Digimarc Reports First Quarter 2024 Financial Results
7. Applied Optoelectronics (AAOI): UP 2.0% last week
   • 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
8. D-Wave Quantum (QBTS): DOWN 2.8% last week
   • QBTS develops and delivers quantum computing systems, software, and services worldwide.
   • Latest news, commentary and/or analysis: None
9. Evolv Technologies (EVLV): DOWN 6.0% last week 
   • 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. BigBear.ai (BBAI): DOWN 17.2% last week 
    • 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:
      • BigBear.ai Announces First Quarter 2024 Results

Summary

As mentioned in the introduction the munKNEE Small Cap AI Stocks Portfolio went UP 2.5% last week which outperformed the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents (which only went UP 1.5%) but is still DOWN 28.5% YTD,