Latest news with #DanIVESWedbushAIRevolutionETF
Bloomberg
2 days ago
- Business
- Bloomberg
Wedbush's Dan Ives Joins ETF Wave
Wall Street tech analyst Dan Ives is lending his personal brand to power a new ETF riding the artificial-intelligence boom, joining a growing pack of finance names looking to monetize their industry renown with retail-friendly investment funds. Wedbush Fund Advisers is launching a product tracking the investment picks touted by Ives, whose high-conviction tech calls have earned him a sizable following among the likes of retail investors. The Dan IVES Wedbush AI Revolution ETF is launching Wednesday with the ticker IVES, and is focused on Ives' 'proprietary research.' It comprises 30 names in AI sectors, including semiconductors, cybersecurities and robotics, among others. (Source: Bloomberg)
Yahoo
3 days ago
- Business
- Yahoo
Wedbush's Nvidia Bull Dan Ives' AI ETF Joins Growing List of AI-Focused Funds
Wedbush tech analyst Dan Ives is lending his name to a new exchange-traded fund built around his picks for the AI boom. The Dan IVES Wedbush AI Revolution ETF, which starts trading today under the ticker IVES, tracks his "AI 30" research list. The IVES ETF's expense ratio is 0.75%.Wedbush tech analyst Dan Ives is lending his name to a new exchange-traded fund built around his picks for the AI boom, joining a growing list of ETFs focused on the technology. Ives, who in a recent note to clients called AI the 'biggest tech transformation in over 40 years' and has likened AI chips to the 'new gold and oil,' has amassed a sizable following—including more than 180,000 followers on X—with his conviction regarding AI, frequent media appearances, and colorful blazers. The Dan IVES Wedbush AI Revolution ETF, which starts trading today under the ticker IVES, tracks his "AI 30" research list. That includes many of America's biggest tech names, including Nvidia (NVDA) and Tesla (TSLA). As of earlier this week, the Ives AI 30 also included the rest of the 'Magnificent 7,' as well as defense tech darling Palantir (PLTR), nuclear energy tech company Oklo (OKLO), and Broadcom (AVGO), which is set to report earnings after the bell tomorrow. Ives' ETF is the latest entrant in an increasingly busy space. VettaFi's ETF database lists several dozen funds seeking to attract the attention—and money-of investors. The fund's expense ratio is 0.75%. 'Dan's track record speaks for itself," said Wedbush CEO Gary Wedbush in a press release. "He's been identifying the drivers of tech disruption for years, and the IVES ETF gives investors a chance to follow that insight in a disciplined, transparent way. We are proud to offer investors exposure to the AI Revolution through the IVES ETF.' Despite a rough start to 2025, the AI trade has seen a resurgence in recent weeks, with Tesla and Nvidia both adding about 20% in the past month, while the Roundhill Magnificent Seven ETF (MAGS) has gained close to 30%. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
There's a new ETF focused on the AI revolution — and it's backed by a well-known tech analyst
Wall Street tech bull Dan Ives is putting his AI conviction to the test. On Wednesday, Wedbush Fund Advisers launched the Dan IVES Wedbush AI Revolution ETF, which will trade on the New York Stock Exchange under the ticker symbol IVES. The new exchange-traded fund is built on Ives's proprietary research and aims to provide investors with targeted exposure to the booming artificial intelligence sector. "The AI revolution is the biggest tech theme we've ever seen," Ives told Yahoo Finance in a phone interview following the announcement. "I've started [this] ETF because it's about the second, third, fourth derivatives of AI playing out, and that's the important thing for investors." The fund tracks 30 publicly traded companies handpicked from Ives's "AI Revolution Theme," a research framework that identifies firms with meaningful exposure to AI infrastructure, deployment, and monetization. The ETF spans a range of sectors, including semiconductors, hyperscalers, cybersecurity, consumer platforms, robotics, and cloud infrastructure. Holdings include major AI players like Nvidia (NVDA), tech giants such as Microsoft (MSFT), and defense-focused firms like Palantir (PLTR). Chinese companies Alibaba (BABA) and Baidu (BIDU) are also featured to capture exposure to AI developments in Asia. Reflecting on his investment approach, Ives explained, "I've never been too focused on valuations. It's about the themes, the best places, and the disruptors. That's all the work we do in the field." Ives said he plans to actively manage the ETF, with his team expected to update the holdings a few times a year or more, depending on evolving themes and market leaders. The fund will be available to both institutional and retail investors, although Ives noted there will be "a heavy focus on retail for all the investors that follow me." IVES debuts within a saturated market, with roughly 4,000 ETFs available in the US alone. According to Bloomberg data, more than 25 of those ETFs currently focus on the AI theme or employ AI-driven strategies. However, Ives told Yahoo Finance, "There is only one Dan Ives." He added, "There are plenty of other great vehicles out there, but there's only one that encompasses my investing team and the research that investors have trusted me to deliver." Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Toyota deal, Apple downgrade, Dan Ives ETF: Trending Tickers
Toyota Industries (TYIDF, TYIDY) shares are tumbling after accepting a $33 billion offer from Toyota Motor Corp. (TM, 7203.T) to take the subsidiary private. Apple stock (AAPL) was downgraded by Needham analysts to a Hold rating, the team citing the iPhone maker's slow AI adoption and smartphone sales concerns. Wedbush Securities managing director Dan Ives' AI ETF — titled the Dan IVES Wedbush AI Revolution ETF — will begin trading on Wednesday under the ticker IVES. Hear what Dan Ives had to say about Elon Musk's return as Tesla's (TSLA) full-time CEO in his most recent interview with Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
3 days ago
- Business
- Business Upturn
Wedbush Fund Advisers Launches IVES AI Revolution ETF Built on Dan Ives' Proprietary Research
By GlobeNewswire Published on June 4, 2025, 17:31 IST LOS ANGELES, June 04, 2025 (GLOBE NEWSWIRE) — Wedbush Fund Advisers has launched the Dan IVES Wedbush AI Revolution ETF (Ticker: IVES). The ETF will provide investors with transparent, cost-effective access to 30 names at the heart of the AI Revolution. Built around the proprietary research framework of Dan Ives, Wedbush Securities Managing Director and Global Head of Technology Research, the ETF targets companies driving AI's infrastructure and deployment across semiconductors, hyperscalers, cybersecurity, consumer platforms, robotics, and cloud infrastructure. These companies form the backbone of a multi trillion-dollar investment cycle transforming global industries and accelerating enterprise and consumer adoption. Key Features of IVES ETF: Research-Driven Selection: Constituents are drawn directly from Dan Ives' proprietary research behind 'The AI Revolution Theme,' a multi-year analysis identifying 30 public companies at the core of the AI spending cycle; Cross-Sector Exposure: Covers the full spectrum of industries powering the AI economy — from infrastructure to implementation; Balanced Construction: Strategically weighted to reduce concentration risk while maintaining high-conviction thematic exposure; Future-Focused Positioning: Targets companies with both established momentum and long-term potential to lead in enterprise and consumer AI adoption. 'We're incredibly excited to bring Dan Ives' research on the AI Revolution to life through this ETF,' said Cullen Rogers, Chief Investment Officer of Wedbush Fund Advisers. 'It's a response to what investors have been asking for—direct, meaningful exposure to the companies powering the next major economic transformation: artificial intelligence.' Wedbush entered the rapidly growing ETF market earlier this year through its new Investment Management division, marking the firm's commitment to cutting-edge investment solutions and highly curated product development for our Global Family Office, Wealth Management and RIA clients. 'AI is the most transformational force in the global economy in our lifetime,' said Gary Wedbush, President and Chief Executive Officer of Wedbush Securities. 'Dan's track record speaks for itself. He's been identifying the drivers of tech disruption for years, and the IVES ETF gives investors a chance to follow that insight in a disciplined, transparent way. We are proud to offer investors exposure to the AI Revolution through the IVES ETF.' About Wedbush Fund Advisers, LLC Wedbush Fund Advisers launched in 2024 to build on Wedbush's 70-year legacy of market insight, innovation, and client trust. Our mission is to design forward-thinking investment strategies that reflect the evolving nature of markets and investor priorities. Backed by a seasoned team with decades of asset management experience, we're committed to building a trusted platform that expands Wedbush's tradition of excellence into the next era of investment innovation. Media InquiriesDeborah KostrounPhone: +1 201 403-8185 Email: [email protected] Important Information Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Carefully consider the Fund's investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting Read the prospectus carefully before investing. AI Technology Risk. AI technology is generally highly reliant on the collection and analysis of large amounts of data, and it is not possible or practicable to incorporate all relevant data into the model that such AI utilizes to operate. Certain data in such models will inevitably contain a degree of inaccuracy and error – potentially materially so – and could otherwise be inadequate or flawed, which would be likely to degrade the effectiveness of the AI technology. Companies involved in, or exposed to, artificial intelligence-related businesses may have limited product lines, markets, financial resources or personnel. These companies face intense competition and potentially rapid product obsolescence, and many depend significantly on retaining and growing the consumer base of their respective products and services. Many of these companies are also reliant on the end-user demand of products and services in various industries that may in part utilize artificial intelligence. Further, many companies involved in, or exposed to, artificial intelligence-related businesses may be substantially exposed to the market and business risks of other industries or sectors, and the Fund may be adversely affected by negative developments impacting those companies, industries or sectors. Calculation Methodology Risk. The Index relies directly or indirectly on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer assurances that the Index's calculation methodology or sources of information will provide an accurate assessment of included issuers or a correct valuation of securities, nor can they guarantee the availability or timeliness of the production of the Index. Concentration Risk. The Fund's investments will be concentrated in an industry or group of industries to the extent that the Index is so concentrated. In such event, the value of the Shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. Investing involves risk, including possible loss of principal. Narrowly focused thematic investments will be more susceptible to factors affecting that sector and subject to more volatility. The Wedbush Funds are distributed by Foreside Fund Services, LLC. Wedbush Fund Advisers, LLC and Foreside Fund Services, LLC, are not affiliated. Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
