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In recent days, market dynamics have shifted as investors rotate out of high-flying tech stocks like Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Apple (NASDAQ: AAPL) in favor of small-cap stocks. Here are three emerging tech stocks to keep an eye on:
1. Intelligent Bio Solutions Inc. (Nasdaq: INBS) has appointed QabasTech as its exclusive distributor in Saudi Arabia. This partnership aims to support the country’s infrastructure projects and public safety goals. QabasTech will promote INBS’s innovative drug screening solution, aiding Saudi Arabia’s efforts to combat drug abuse across government, military, police, and rehabilitation sectors.
2. Peraso Inc. (NASDAQ: PRSO) announced that Tachyon Networks is expanding its high-gain antenna kits for the TNA-303X 60GHz terminal, utilizing Peraso’s mmWave Perspectus modules and X720 chipset. Operating in the license-free 60GHz band, these kits enhance multi-gigabit data connectivity and meet the demand for reliable broadband solutions. Supporting WISPs and CCTV systems, the kits extend the terminal’s range to up to 8km in PTP mode and 5km in PTMP mode, delivering fiber-like speeds at lower installation costs.
3. Catheter Precision, Inc. (NYSE American: VTAK) has enrolled 75 patients in its Phase II LockeT Study, expected to conclude in October 2024. The LockeT studies, initiated in 2023, aim to demonstrate the product’s safety and benefits. Phase II compares LockeT to manual compression in a randomized study of up to 100 patients, evaluating safety, effectiveness, pain reduction, and cost savings. Final data analysis will be available after enrollment completion, with results submitted to a peer-reviewed publication.
The market has been turbulent, but these small-cap tech stocks offer promising opportunities amidst the chaos.
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