Micro/Small Cap AI Stocks Portfolio Down 4% Last Week -

Micro/Small Cap AI Stocks Portfolio Down 4% Last Week

Aug 18, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashIntroductionOur Micro/Small Cap AI Stocks Portfolio went up 13.5% in July on top of a 3.2% increase in June but that strength has evaporated so far in August declining 13.8% MTD. Below are the performances of each of the constituents week-ending August 16th, in descending order, and MTD along with a description of the focus of each company, their market capitalizations, and the latest news, analyses and commentary where available.The munKNEE Micro/Small Cap AI Stocks Portfolio

Evolv Technologies (EVLV): up 24.0% w/e August 16th; up 2.9% MTD

EVLV screens people for threats without sacrificing the visitor experience.
Market Capitalization: $562M
Latest news, commentary and/or analysis:
- Evolv Technologies Reports Second Quarter Financial Results

Rigetti Computing: (RGTI): up 13.9% w/e August 16th; down 12.6% MTD

RGTI builds quantum computers and the superconducting quantum processors.
Market Capitalization: $172M
Latest news, commentary and/or analysis:
- Should You Invest in Rigetti Computing Based on Bullish Wall Street Views?

D-Wave Quantum (QBTS): up 10.7% w/e August 16th; down 7.0% MTD

develops and delivers quantum computing systems, software, and services worldwide.
Market Capitalization: $187M
Latest news, commentary and/or analysis:
- D-Wave Quantum (QBTS) Releases Q2 2024 Financial Results Showing ‘Traction on All Fronts’

Applied Optoelectronics (AAOI): up 7.0% w/e August 16th; down 13.3% MTD

AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
Market Capitalization: $339M
Latest news, commentary and/or analysis:
- Applied Optoelectronics Reports Q2 Loss

BigBear.ai (BBAI): up 4.1% w/e August !6th; down 16.6% MTD

provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
Market Capitalization: $315M
Latest news, commentary and/or analysis:
- BigBear.ai Holdings Second Quarter 2024 Earnings: EPS Beats Expectations

SoundHound AI (SOUN): up 2.1% w/e August 16th; down 2.4% MTD

SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
Market Capitalization: $1,780M
Latest news, commentary and/or analysis:
- SoundHound AI Second Quarter 2024 Earnings: Revenues Beat Expectations

Innodata (INOD): down 8.0% w/e August 16th; down 11.8% MTD

INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
Market Capitalization: $495M
Latest news, commentary and/or analysis:
- Innodata Reports Second Quarter 2024 Results

Digimarc Corporation (DMRC): down 8.4% w/e August 16th; down 18.5% MTD

DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
Market Capitalization: $557M
Latest news, commentary and/or analysis:
- Digimarc Reports Second Quarter 2024 Financial Results

Rekor Systems (REKR): down 9.7% w/e August 16th; down 28.0% 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:
- Rekor Systems Announces Strong Second Quarter 2024 Financial Results

Verses AI (VRSSF): down 11.0% w/e August 16th; down 1.2% 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: $121M
Latest news, commentary and/or analysis:
- None

SummaryThe munKNEE Micro/Small Cap AI Stocks Portfolio was down 3.8% w/e August 16th and is now down 13.8% MTD. The average market capitalization of the 10 constituents is $459M. More By This Author:These 7 Semiconductor/AI-Related Portfolios Roared Back This Week; Up 9%, On Average
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