Micro/Small Cap AI Stocks Portfolio Dropped 12% w/e November 15th - ARCHIVED

Introduction

The nine micro/small-cap AI-related constituents in the MunAiMarkets Micro/Small Cap AI Stocks Portfolio, had soared 50.7% the first week of November (i.e. as of November 8th) on top of a 12% increase in October only to plummet by 11.7% w/e November 15th.

This article highlights the 9 stocks in the Portfolio and ranks them as to their performances last week, in descending order, their market capitalizations and the reasons behind their increases, as follows:

• +/- 10%:
  • D-Wave Quantum (QBTS): +2.5% w/e November 15th
    • Focus: develops and delivers quantum computing systems, software, and services worldwide.
    • Market Capitalization: $367M
  • Evolv Technologies (EVLV): +1.6% w/e November 15th
    • Focus: screens people for threats without sacrificing the visitor experience.
    • Market Capitalization: $406M
  • BigBear.ai (BBAI): –3.4% w/e November 15th
    • Focus: provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
    • Market Capitalization: $426M
  • Applied Optoelectronics (AAOI): -3.5% w/e November 15th
    • Focus: provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
    • Market Capitalization: $1,210M
  • Rigetti Computing: (RGTI): -6.6% w/e November 15th
    • Focus: builds quantum computers and the superconducting quantum processors.
    • Market Capitalization: $271M
• <10-15%:
  • SoundHound AI (SOUN): -11.7% w/e November 15th
    • Focus: offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
    • Market Capitalization: $2,350M
      • SoundHound AI Third-Quarter Results: Here’s What Analysts Are Forecasting For Next Year
  • Innodata (INOD): -14.1% w/e November 15th
    • Focus: provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
    • Market Capitalization: $1,070M
      • Innodata’s Performance Raises Some Questions
  • Digimarc Corporation (DMRC): -16.5% w/e November 15th
    • Focus: provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
    • Market Capitalization: $582M
      • Digimarc Reports Third Quarter 2024 Financial Results
• <15-20%: None
• < 20%:
  • Rekor Systems (REKR): -24.4% w/e November 15th 
    • Focus: leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
    • Market Capitalization: $84M
      • Analysts Have Lowered Expectations For Rekor Systems  After Its Latest Results

Summary

The MunAiMarkets Micro/Small Cap AI Stocks Portfolio, with an average market capitalization of 4752M for the 9 constituents, went DOWN 11.7% w/e November 15th but remains UP 37.4% YTD.