Rekor Systems Inc is a technology company that specializes in providing advanced solutions in automated license plate recognition and vehicle identification
Their innovative systems leverage artificial intelligence and machine learning to capture, analyze, and process data related to vehicle movements and activities. By offering real-time insights, the company supports law enforcement, public safety agencies, and commercial enterprises in enhancing security, optimizing operations, and improving traffic management. Additionally, Rekor Systems focuses on creating comprehensive software platforms and services that integrate seamlessly with various applications to address the evolving needs of various sectors.
SoundHound AI shares soared on Tuesday as AI-related stocks got a boost after President Donald Trump announced Project Stargate, a massive $500 billion AI infrastructure investment initiative featuring Oracle, OpenAI, Nvidia and SoftBank Capital.
Shares of SoundHound AI, Inc. (NASDAQSOUN) are trading higher Tuesday following the announcement of a collaboration with Rekor Systems, Inc. NASDAQ: REKRNASDAQREKR)
Tech stocks plummeted last week after the ISM manufacturing index reported August figures that came in below consensus expectations raising fears about the strength of the economy and increasing chances the Federal Reserve will cut interest rates.
Most investors focus on large cap AI&R stocks that trade for hundreds of dollars yet there are a few less expensive, and potentially more explosive, small cap AI&R stocks that will get you wider exposure to that growth with less money invested.
Here we highlight the performances of the 10 micro/small cap AI stocks in our portfolio, for last week and MTD .We've included their areas of focus, market capitalization, and latest news, analyses and commentary where available.
Our 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.
Only 2 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio declined in July and, as a result, the Portfolio went up 13.5% vs. only a 3.2% increase in June.
Only 2 of the 10 constituents in our Micro/Small Cap AI Stocks Portfolio declined last week with 4 going Up in excess of 10% and, as a result, the Portfolio went Up 5.1% vs. going DOWN 2.1% the previous week.
A week ago it was suggested that the AI/semiconductor stocks sector was oversold. The decline bottomed on Wednesday and by the close of business this past Friday the sector had rebounded nicely almost across the board.
