15 AI News and Ratings Trending on Financial Media

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14. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Number of Hedge Fund Holders: 18 

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) provides artificial intelligence-based weapons detection for security screening in the United States and internationally. On November 27, investment advisory Cantor Fitzgerald released an investor note on the firm, saying Evolv’s resolution with the Federal Trade Commission is a net positive for the business. There is no monetary penalty charged to the business, and the customers that have the choice to terminate contracts make up just over 4% of total annual recurring revenue, which is growing 63.5% year-over-year as of Q2, the advisory told investors. Cantor recognizes that recent inquisitions into the business from regulatory authorities, accounting errors, and management turnover have soured this story for a lot of investors.

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