Latest news with #IvesAI30
Miami Herald
15-07-2025
- Business
- Miami Herald
Veteran trader surprises with Palantir price target and comments
It's not every day that a company gets compared with a soccer phenom and a legacy tech outfit, but then Palantir (PLTR) isn't your everyday company. The Denver data-analytics-software company's stock price touched a record $149.57 on July 14, sparked by growing demand for its artificial intelligence tools. Don't miss the move: Subscribe to TheStreet's free daily newsletter Government contracts accounted for roughly 55% of Palantir's total revenue in 2024, and its software is used across several federal agencies, including the Department of Defense, the CIA, and the Department of Homeland Security. On July 10, Wedbush analyst Dan Ives raised the investment firm's price target on Palantir to $160 from $140 while affirming an outperform rating on the shares. Ives said recent checks and growing confidence in the company's AI strategy are key to the bull thesis on Palantir playing out for the next 12 to 18 months. Image source:Wedbush says Palantir has a "golden path to become the next Oracle" over the coming years, referring to the legacy tech company. While PLTR's valuation is expensive today, Ives said, he sees "the Messi of AI" as a core winner in the trillions of AI spending over the next few years, a nod to Argentine soccer sensation Lionel Messi. More Palantir Veteran fund manager reboots Palantir stock price targetAs Palantir stock soars, veteran trader makes surprising callPalantir reacts to controversial New York Times allegations Palantir remains one of its top names to own in the "Ives AI 30," the analyst said. Its game-changing AIP strategy is quickly becoming a key foundational platform for enterprises developing uses for artificial intelligence in their operations and offerings. The company's government work has also made Palantir a source of controversy. Palantir is building a new tool to provide Immigration and Customs Enforcement with enhanced capabilities to support deportation efforts, Axios reported in May Protesters across the U.S. have targeted Palantir due to its work with ICE, and demonstrators protested outside the company's offices in several locations. In the past Alex Karp, Palantir's co-founder and chief executive, has said that Palantir is "proud to be working with the U.S. government" and that American companies have a "moral obligation" to support the country. TheStreet Pro's Stephen Guilfoyle has strong feelings about Palantir as well. While he's fond of his holdings in Rocket Lab (RKLB) and SoFi Technologies (SOFI) - "those two are almost like children to me" - the veteran trader said "they pale in comparison to the greatest trade I have made in my now almost 40-year career as a professional trader and almost 50 years since I started trading." "Probably one of the real winners when it comes to monetizing their AI services platform," he said. "The firm has made itself indispensable as a U.S. and allied defense contractor, and to nondefense government agencies and the corporate world as well." Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, said he'd been waiting for someone else to compete effectively in this space. Related: Veteran analyst sends bold message on Palantir stock target "I once thought perhaps Snowflake (SNOW) would be the one, but still, as far as I can tell, nobody is even close," he said, Palantir is the only stock that Guilfoyle has named as his stock of the year two years in a row. "From the time I initiated PLTR for Real Money Pro (now TheStreet Pro), PLTR is up a mere 2,192%," Guilfoyle said. "Rock and roll, kids. Just for the record, I still get fired up about 10% and 20% gains in the stocks I trade." Guilfoyle cited the recent NATO 2025 Summit at the Hague that wrapped up in June, where the group approved an increase in defense spending for member nations to 5% of GDP, as demanded by President Donald Trump, "Tanks, artillery, aircraft, naval craft, missiles and missile defense technology will all be in demand, though some of those technologies might have something in common with yesterday's roast beef," he said. Guilfoyle said that intelligence produced through data-based and AI-assisted analysis will only grow in significance. And not just for strategic purposes, "but because it is cost-effective relative to purchasing submarines and fighter aircraft." "This plays straight into the hands of a firm like Palantir," he said. These nations have pledged to upspend on defense, yet most of them are also fiscally strapped. They, in my opinion, are going to spend where they get the most bang for their expense." Guilfoyle reiterated his price target for Palantir at $181, noting that "our current target is the high target on Wall Street and as usual most of Wall Street is still playing catchup." Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
27-06-2025
- Business
- Yahoo
Microsoft and Nvidia lead the charge toward $4 trillion market cap: Wedbush
-- Microsoft and Nvidia (NASDAQ:NVDA) are poised to become the first members of the $4 trillion market cap club, according to analysts at Wedbush. In a note Friday, the firm said, 'The race to $4 trillion market cap has begun with Microsoft (NASDAQ:MSFT) and Nvidia nearing,' adding both companies are 'foundational pieces of building on the biggest tech trend we have seen in our 25 years covering tech stocks.' The AI Revolution is the driving force behind this market surge, said Wedbush. The firm noted that the current tech bull market 'is still early' and will continue to be led by AI-driven growth. The firm expects both Microsoft and Nvidia to hit the $4 trillion milestone this summer and anticipates the next 18 months will shift focus to the $5 trillion club. Nvidia, led by CEO Jensen Huang, referred to by Wedbush as the 'Godfather of AI,' is described as the 'foundation for the AI Revolution.' The firm emphasized, 'There is one company in the world that is the foundation for the AI Revolution and that is Nvidia,' citing the unmatched demand for its chips. Wedbush estimates that 'for every $1 spent on Nvidia, there is an $8–$10 multiplier across the rest of the tech ecosystem.' Microsoft, alongside Amazon (NASDAQ:AMZN) and Google, is also seen as a core player in AI infrastructure. Wedbush noted that hyperscalers are seeing 'major cloud and AI momentum,' while IT departments are 'laser focused on the software driven use cases currently underway.' 'The AI Revolution represents the biggest tech transformation in over 40 years,' said Wedbush, naming Microsoft, Nvidia, Amazon, Alphabet (NASDAQ:GOOGL), and Meta (NASDAQ:META) as key leaders in what it calls the 'Ives AI 30.' Related articles Microsoft and Nvidia lead the charge toward $4 trillion market cap: Wedbush TotalEnergies acquires 25% stake in Block 53 offshore Suriname from Spain's Moeve Shein reportedly plans confidential Hong Kong IPO filing this week 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
04-06-2025
- 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
CNBC
04-06-2025
- Business
- CNBC
Ives: AI is the fourth industrial revolution — this is just the beginning
Dan Ives, Global Head of Tech Research at Wedbush, unveiled the 'Ives AI 30' ETF, calling this a golden age for AI. He remains bullish on Tesla, cybersecurity, and energy-AI convergence.
CNBC
04-06-2025
- Business
- CNBC
Wedbush, Dan Ives launch new ETF to capture the AI boom
Wedbush tech analyst Dan Ives is putting his theory of the artificial intelligence boom to the test with a new fund that will allow his audience to follow along and invest in his favorite ideas. The Dan Ives Wedbush AI Revolution ETF is set to begin trading on Wednesday under the ticker "IVES." The fund will track an index that consists of the companies from Wedbush's Ives AI 30 research list. "It's based on our research. So as new companies come in, then some companies could come out. This is a living organism, in terms of this AI 30. It's not static. And that's a key part of the theme here, because the theme will continue to evolve," Ives told CNBC. The current index includes many of the biggest tech funds in the market, such as Nvidia , Microsoft , Alphabet , Amazon and Tesla , according to a Wedbush report last month. Smaller names in the index include SoundHound AI and CyberArk Software . The index will be reconfigured quarterly and can be changed more often in the event of a corporate action, according to a Securities and Exchange Commission filing for the fund. Cullen Rogers, chief investment officer at Wedbush Fund Advisers, is in charge of the ETF's day-to-day operations. The fund is technically a passive investing product. "We're kind of walking this line between active and passive. … We're just looking to leverage Dan's ideas as well as we can in an institutional framework, in this index, that kind of gives investors a consistent, predictable structure," Rogers said. AI-themed ETFs have been something of a puzzle for fund issuers given the fast-developing nature of the industry, the obstacle of some large players like OpenAI being private firms , and the fact that the biggest public companies, like Nvidia, are already widely held by investors through other vehicles. The Wedbush team thinks their fund is launching as the AI boom is expanding beyond those initial big winners. "The AI revolution theme is now going from semis to software, to infrastructure, to consumer and the other derivatives," Ives said. There are some notable competitors for the Ives fund, however, including the Global X Artificial Intelligence & Technology ETF (AIQ) , which has more than $3 billion in assets under management. That fund has gained 22% over the past 12 months, which is well above the S & P 500 but basically in-line with just holding Nvidia alone. The Ives fund comes with a management fee of 0.75%. The Ives fund comes with a management fee of 0.75%. That is higher than the cost of many popular thematic ETFs, but it's lower than the equal-weighted average fee of about 1% for active U.S. equity funds, according to Morningstar . For comparison, the AIQ has a fee of 0.68%.
