AI Small Cap Stocks Portfolio Jumped +6% Last Week Led By VRSSF -

AI Small Cap Stocks Portfolio Jumped +6% Last Week Led By VRSSF

May 27, 2024Jeremy ParkinsonFinance0

Photo from by UnsplashIntroductionThe munKNEE AI Small Cap Stocks Portfolio declined 23% in April (see here) but has been on the rebound since then going UP 2.5% w/e May 3rd, UP 3.0% w/e May 10th, UP 8.7% w/e May 17th and UP another 6.5% last week. This article highlights the performances of the Portfolio’s 10 constituents, in descending order, last week and MTD along with their latest news, commentary, and/or analysis where available:The munKNEE Small Cap AI Stocks Portfolio

Verses AI (VRSSF): UP 27.5% last week; UP 25.7% 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:
- VERSES Announces Genius™ Public Beta Preview and Webinar

Rekor Systems (REKR): UP 20.5% last week; DOWN 11.2% MTD

REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
Latest news, commentary and/or analysis:
- Rekor Systems Awarded Patent for Privacy-Enhanced Traffic Management Technology for Roadway Intelligence

Applied Optoelectronics (AAOI): UP 9.7% last week; UP 15.6% 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:
- Applied Optoelectronics Reports First Quarter 2024 Results

Innodata (INOD): UP 7.9% last week; UP 118.9% MTD

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:
- Zacks Initiates Coverage of Innodata With Outperform Recommendation

Digimarc Corporation (DMRC): UP 7.1% last week; UP 20.7% MTD

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

Evolv Technologies (EVLV); UP 5.2% last week; DOWN 31.5% MTD

EVLV screens people for threats without sacrificing the visitor experience.
Latest news, commentary and/or analysis:
- Here’s Why Shareholders Should To Be Cautious About Increasing Evolv Technologies’ CEO Pay Packet

BigBear.ai (BBAI): UP 4.0% last week; DOWN 12.8% 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:
- Brokers Suggest Investing in BigBear.ai: Read This Before Placing a Bet

SoundHound AI (SOUN): No Change last week; UP 15.0% MTD

SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
Latest news, commentary and/or analysis:
- No Excuses! Buy SoundHound AI Stock Before It Revisits $10

D-Wave Quantum (QBTS): DOWN 6.2% last week; DOWN 15.3% MTD

QBTS develops and delivers quantum computing systems, software, and services worldwide.
Latest news, commentary and/or analysis:
- D-Wave CEO Urges Leaders to Embrace an AI and Quantum Future Now in New Forbes Technology Council Column

Rigetti Computing: (RGTI): DOWN 7.8% last week; DOWN 15.9% MTD

RGTI builds quantum computers and the superconducting quantum processors.
Latest news, commentary and/or analysis:
- Is Rigetti Computing a Buy as Wall Street Analysts Look Optimistic?

SummaryAs mentioned in the introduction the munKNEE Small Cap AI Stocks Portfolio went UP 6.5% last week which outperformed the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents, which only went UP 0.3%. The Portfolio is UP 22.2% MTD but is still DOWN 14.8% YTD.More By This Author:AI Category Returns Were A Mixed Bag This Week
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