AI Small Cap Stocks Portfolio Jumped 9% Last Week, Led By AAOI


Photo from UnsplashIntroductionThe munKNEE  AI Small Cap Stocks Portfolio declined 23% in April (see here) but has been on the rebound since then, gaining 2.5% in the week ending May 3rd, up 3.0% w/e May 10th, and up 8.7% 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:

  • Applied Optoelectronics (AAOI): up 14.8% last week; up 8.1% 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
  • Evolv Technologies (EVLV); up 13.4% last week; down 34.9% MTD

    • EVLV screens people for threats without sacrificing the visitor experience.
    • Latest news, commentary and/or analysis:
      • Evolv Technology Reports First Quarter Financial Results
  • Innodata (INOD): up 11.4% last week; up 102.9% 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:
      • Innodata Reports Record First Quarter 2024 Results; Raises Guidance to at Least 40% Organic Revenue Growth in 2024
  • BigBear.ai (BBAI): up 8.6% last week; down 16.1% 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:
      • BigBear.ai Announces First Quarter 2024 Results
  • Digimarc Corporation (DMRC):  up 3.9% last week; up 12.1% 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
  • D-Wave Quantum (QBTS): No Change last week; down 3.1% MTD

    • QBTS develops and delivers quantum computing systems, software, and services worldwide.
    • Latest news, commentary and/or analysis:
      • D-Wave Reports First Quarter 2024 Results
  • SoundHoundAI (SOUN): down 0.2% last week; up 14.1% MTD

  • Rigetti Computing: (RGTI): down 0.9% last week; down 8.1% MTD

    • RGTI builds quantum computers and the superconducting quantum processors.
    • Latest News, Commentary and/or Analysis:
      • Rigetti Computing Reports First Quarter 2024 Financial Results
  • Verses AI (VRSSF): down 9.5% last week; down 1.4% 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 Closes Final Tranche for C$10M Aggregate Proceeds under Private Placement
  • Rekor Systems (REKR): down 21.9% last week; down 26.3% 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, Inc. Reports First Quarter 2024 Financial Results
  • SummaryThe munKNEE Small Cap AI Stocks Portfolio went up 14.7%, last week which outperformed the Global X Artificial Intelligence & Technology ETF (AIQ) of 91 constituents, which only went up 2.1%.More By This Author:Canadian Cannabis LPs Portfolio Up 14% This Week; Still Down 21% MTD
    All 7 Artificial Intelligence (AI) Categories Reversed Direction This Week
    AI Small Cap Stocks Portfolio Up 3% W/e May 10th; Still Down 26% YTD

    Reviews

    • Total Score 0%
    User rating: 0.00% ( 0
    votes )



    Leave a Reply

    Your email address will not be published. Required fields are marked *