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Introduction
The 9 micro/small-cap AI-related stocks (with market capitalizations between $100M and $2B), constituents in the MunAiMarkets Micro/Small Cap AI Stocks Portfolio, jumped in price in October. This article highlights them and ranks them as to their stock performances in descending order, their market capitalizations and the extent of their short interest which, simply put, is a measure of how many investors are betting that a stock’s price will fall.
- Rigetti Computing: (RGTI): UP 63.0% in October
- RGTI builds quantum computers and the superconducting quantum processors.
- Market Capitalization: $235M
- Short Interest: 14.4%
- Commentary: Rigetti Progresses Towards Fault Tolerant Quantum Computing
- Innodata (INOD): UP 26.4% in October
- INOD provides AI-enabled software platforms and managed services for AI data annotation, AI digital transformation, and industry-specific business processes.
- Market Capitalization: $613M
- Short Interest: 14.2%
- Commentary: Innodata Q2 2024: Record Revenue Growth and Strategic Expansion
- Digimarc Corporation (DMRC): UP 14.4% in October
- DMRC software provides digital identifiers designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability.
- Market Capitalization: $682M
- Short Interest: 10.0%
- Commentary: Digimarc Launches New Brand Protection App to Combat Counterfeit Products in the Field
- Applied Optoelectronics (AAOI): UP 13.7% in October
- AAOI provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home markets.
- Market Capitalization: $689M
- Short Interest: 26.7%
- SoundHound AI (SOUN): UP 5.2% in October
- SOUN offers voice AI solutions that let businesses offer conversational experiences to their customer in 25 different languages.
- Market Capitalization: $1,840M
- Short Interest: 22.8%
- D-Wave Quantum (QBTS): UP 5.0% in October
- develops and delivers quantum computing systems, software, and services worldwide.
- Market Capitalization: $209M
- Short Interest: 10.1%
- BigBear.ai (BBAI): No Change in October
- provides AI and machine learning to assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities.
- Market Capitalization: $395M
- Short Interest: 8.3%
- Rekor Systems (REKR): DOWN 13.2% in October
- REKR leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.
- Market Capitalization: $94M
- Short Interest: 18.0%
- Evolv Technologies (EVLV): DOWN 48.6% in October
- EVLV screens people for threats without sacrificing the visitor experience.
- Market Capitalization: $373M
- Short Interest: 9.1%
- News: Evolv Board Technology Determines that Certain Financial Statements Should Not Be Relied Upon
Summary
The MunAiMarkets Micro/Small Cap AI Stocks Portfolio was UP 12.2% in October. The average market capitalization of the 9 constituents is $537M.
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