Micro/Small Cap AI Stocks Portfolio Has Tumbled 9.5% So Far This June


 Our munKNEE Micro/Small Cap AI Stocks Portfolio of 10 stocks has totally reversed direction in June tumbling 9.5% so far this month after soaring 18.1% in May. The Portfolio is presented below with each constituent’s MTD stock performance, market capitalization and recent news, analysis and commentary where appropriate.

  • Innodata (INOD): UP 2.3% MTD 

    • INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
    • Market Capitalization: $386M
    • Latest news, commentary and/or analysis:
      • Innodata Reports Record First Quarter 2024 Results
  • Digimarc Corporation (DMRC): DOWN 6.2% MTD 

    • DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
    • Market Capitalization: $538M
    • DMRC Latest news, commentary and/or analysis:
      • Digimarc Q1 2024 Earnings Surpass Revenue Forecasts Despite Wider Net Loss
  • Rigetti Computing: (RGTI): DOWN 12.4% MTD

    • RGTI builds quantum computers and the superconducting quantum processors.
    • Market Capitalization: $151M
    • Latest news, commentary and/or analysis:
      • Do Hedge Funds Like Rigetti Computing As A Quantum Computing Play?
  • Applied Optoelectronics (AAOI): DOWN 15.3% MTD

    • AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
    • Market Capitalization: $345M
    • Latest news, commentary and/or analysis:
      • Applied Optoelectronics Q1 2024 Earnings Miss Analyst Forecasts Amid Revenue Decline
  • D-Wave Quantum (QBTS): DOWN 15.6% MTD 

    • QBTS develops and delivers quantum computing systems, software, and services worldwide.
    • Market Capitalization: $199M
    • Latest news, commentary and/or analysis:
      • D-Wave Extends Agreement with Aramco Europe to Explore Quantum-Powered Optimization of Geophysical Problems
  • Verses AI (VRSSF): DOWN 16.5% 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.
    • Market Capitalization: $173M
    • Latest news, commentary and/or analysis:
      • Verses Announces US $10M Investment by UAE-based AI Technology Group
  • BigBear.ai (BBAI): DOWN 17.3% MTD

    • BBAI provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
    • Market Capitalization: $295M
    • Latest news, commentary and/or analysis:
      • BigBear.ai Announces First Quarter 2024 Results
  • SoundHound AI (SOUN): DOWN 22.8% MTD 

    • SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
    • Market Capitalization: $1,330M
    • Latest news, commentary and/or analysis:
      • SoundHound AI Chief Technology Officer Sells Shares
  • Evolv Technologies (EVLV): DOWN 25.7% MTD)

    • EVLV screens people for threats without sacrificing the visitor experience.
    • Market Capitalization: $337M
    • Latest news, commentary and/or analysis:
      • Evolv Technologies Reports Mixed Q1 Results: Revenue Up but Misses Estimates, Losses Narrow
  • Rekor Systems (REKR): DOWN 26.0% MTD

    • REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
    • Market Capitalization: $116M
    • Latest news, commentary and/or analysis:
      • Further weakness as Rekor Systems
  • SummaryThe munKNEE Micro/Small Cap AI Stocks Portfolio, with an average market capitalization of $387M (includes 4 microccap under $250M) has gone DOWN 9.5% MTD and is now DOWN 25% YTD.More By This Author:The 6 Segments Of The Semiconductor Value Chain Now Up 31% YTD
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