Latest news with #WedbushSecurities
Yahoo
13 hours ago
- Business
- Yahoo
Spring home buying season was 'lackluster'
Traditionally, there is a lot of home buying and selling in the Spring. But not this year, according to Wedbush Securities managing director Jay McCanless, who describes the season as "pretty lackluster." In the video above, you can hear McCanless's take on the housing market as well as which homebuilder stocks he sees as buys. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend 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
Yahoo
18 hours ago
- Business
- Yahoo
Wall Street analyst Dan Ives launches AI ETF to tap tech boom
Investing in the next generation of artificial intelligence winners is getting more comprehensive with the launch of a new exchange-traded fund based on 30 stock picks from one of Wall Street's top analysts. In what is likely the first of its kind, the IVES AI Revolution ETF mirrors the proprietary research of Dan Ives, the managing director and global head of technology research at Wedbush Securities. "In 25 years covering tech, I've never seen a bigger theme than the AI revolution," Ives told FOX Business. "And we've tried to capture in our research the 30 companies in tech that best encompass this fourth industrial revolution theme across semi-software, infrastructure and autonomous. And that is really the inception. The AI revolution ETF." Microsoft, Palantir, Meta, Tesla, Palo Alto and Nvidia are just a handful of names driving trillions in spending that began with the rollout of ChatGPT in 2022 and is being powered by AI chip giant Nvidia. While some of these names have been hit by trade tensions between the U.S. and China as well as other tariff fears, that has not altered Ives' view. Meta's Blockbuster Nuclear Deal Read On The Fox Business App "Tariffs are in the background, and they continue to create some uncertainty, but that doesn't change our view that this is a fourth industrial revolution," he added. "Two-trillion dollars is going to be spent over the next three years. Now, I believe we're still in the bottom of the first inning in terms of this non-inning game for AI. And the second, third derivative beneficiaries of tech are just starting to focus on AI." The ETF will trade under the aptly-named ticker, IVES, and will be up against some larger players with AI funds, including iShares, Fidelity and First Trust, as tracked by VettaFi. However, the firm believes it will have an edge with Ives and a fund that has "active insight and passive structure." "I think, when you compare us to the other ones that are kind of tracking these arbitrary, whatever it may be, revenue hurdles or qualifiers based on some third-party having AI in their earnings report, whatever it may be, we're getting it from the source," said Cullen Rogers, Wedbush Fund Advisers' chief investment officer. "I think a lot of them are following trends. We're trying to define them through Dan's mouthpiece." This is the firm's first article source: Wall Street analyst Dan Ives launches AI ETF to tap tech boom Sign in to access your portfolio
Yahoo
20 hours ago
- Automotive
- Yahoo
Tesla regained its 'biggest asset' with Musk returning full time
Tesla (TSLA) CEO Elon Musk is back at the helm of the electric vehicle innovator after officially departing from his role in the Trump administration, heading the Department of Government Efficiency (DOGE). Wedbush Securities managing director and global head of technology research Dan Ives sits down with the Market Domination team to talk more about the next chapter for Tesla, while also commenting on the EV maker's current struggles in European markets after seeing sales declines in May. Ives has previously stated that Tesla is entering its "entering its "golden age" through the rollout of its robotaxi beta in Austin, Texas, on June 12. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. For more on what's ahead for Tesla sales as Elon Musk's prepares to makes prepares to make a full return to the company, let's get to longtime bull Dan Ives, Wedbush Securities managing director. Dan, it's great to see you here. Um, so draw the line for me, if you would. What does Elon coming back to the company full-time do for European sales? How does he fix that problem? Look, I mean, I think the biggest thing with Musk coming back is really leading the autonomous vision. I mean, to me that in terms of the AI vision when it comes to autonomous or about I think that's the most important thing, it's 90% of their future value. In terms of Europe, China, US, look must being there in terms of you know, I look, first off, the brand damage, I believe now is contained and most of that is in the rearview mirror with him at the, you know, Trump administration. But then it's gonna be about rebounding sales in these regions, guiding to the next page of growth. But I do, I mean, to me, the biggest thing here, it's all, it's much more about what happens in Austin late next week than Europe sales down in a month. Well, but it's still how they make most of their money, right? Um, the vast majority of their money is made from selling cars. Um, when does that rebound happen? And I mean, do we have to get to a year out where they're gonna be lapping these declines? Or do you see some kind of rebound happening this year? Yeah, look, I think second half of the year, you'll see a rebound in China, a stabilization in Europe. So, I mean, we'll call it less bad in terms of specifically in terms of some of the other countries. And then I think in the US, I think you'll start to see a rebound especially with some of the refreshers starting in 3Q. So you combine that with what ultimately we see when it comes to autonomous and robotics. And I believe a golden age is ahead for Tesla. And that's why we don't, we don't worry too much in terms of month to month, some of these things that we're seeing coming out of Europe in relative to our bullish view where this is heading over the coming years. And, and Dan, if you look at the stock, it's had a nice move over the past month. I mean it's up about 20% here. What do you chalk that move up to Dan? Is that the Musk return? Is it the robotaxis coming out that you're referencing? I think it's the Musk return, right? I mean, it all goes back to, you know, we've talked about it, you know, as you know, we would do in during the show. Once Musk recommitted to Tesla, these in the White House were done, Tesla got back its biggest asset. And then that coincides with what I view is the biggest error for Tesla in its history in terms of the, the AI future. I think when it comes to autonomous robots, I think autonomous alone is worth a trillion dollars to the market cap value, and I ultimately believe this is a $2 trillion dollar market cap. 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
a day 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.
Yahoo
2 days ago
- Automotive
- Yahoo
Tesla's superfans and skeptics eagerly watch high-risk robotaxi rollout this month
Tesla investors, fans and critics are closely watching for the first signs of fully autonomous robotaxis on the streets of Austin this month as CEO Elon Musk either delivers on his decade-old promise of self-driving cars or postpones again. The stakes are high for the automaker as its vehicle deliveries stumble, falling 13 percent in the first quarter compared with the same period last year. Net income fell 71 percent, Tesla said. Tesla deliveries also dropped 1.1 percent in 2024 compared with 2023. Musk is trying to find more lucrative business lines through a robotaxi service that could span the globe, followed by Tesla humanoid robots. Tesla, Musk has said, is now a robotics and artificial intelligence company. The first critical hurdle on the journey from automaker to robotics starts in Austin with the planned launch of an autonomous ride-hailing service using a dozen or so Tesla vehicles, which will go head-to-head with current robotaxi provider Waymo. Tesla fans on social media and at Wall Street investment banks are hoping for success, since the Austin, Texas, company could potentially scale faster than Waymo given its car-making business. 'There will be many setbacks but given its unmatched scale and scope globally we believe Tesla has the opportunity to own the autonomous market,' said Dan Ives, an analyst at Wedbush Securities and a Tesla bull. 'The march to a $2 trillion valuation for Tesla over the next 12 to 18 months has now begun.' Sign up for the weekly Automotive News Mobility Report newsletter for the latest developments at the intersection of transportation and technology. Ives said the robotaxi rollout should spark a new era for Tesla, which has been battered in the market of public opinion by Musk's political activism and side job as an adviser to President Donald Trump. Musk left his White House role in late May. 'We believe that Musk's days in politics is essentially over after this experiment that clearly morphed into brand damage for Tesla and took on a life of its own,' Ives said. Musk said he'll remain an informal adviser to Trump. In late May, Musk reiterated Tesla's target of launching the robotaxi service in June using 10 to 20 vehicles. Musk hasn't set a precise day for the formal launch. The autonomous Teslas won't have safety drivers but will have remote operators as a safety precaution. The service will be limited geographically to the safest areas of Austin for autonomous vehicle operation, Musk said. 'For the past several days, Tesla has been testing self-driving Model Y cars (no one in the driver's seat) on Austin public streets with no incidents,' Musk said on X May 28. He characterized Tesla's timeline as 'a month ahead of schedule.' Skeptics of Tesla's autonomy ambitions point to Musk's track record breaking a series of promises going back a decade. In one instance, Musk said in 2019 that Tesla would have a million robotaxis on the road by 2020 using its own vehicles. Tesla's failure to create a safe and reliable robotaxi five years ago, along with Musk's older predictions of having a vehicle drive cross-country by itself, hang over the Austin robotaxi launch, said Missy Cummings, a professor at George Mason University and former safety adviser for the NHTSA. 'There's a lot of hype around this. Elon Musk has been saying for what, 12 years now, that they're coming every year,' Cummings said on Musk's autonomous Tesla predictions. Given Tesla's sky-high market valuation, 'he's under immense pressure to make it work,' she said. Cummings said Tesla hasn't solved technical problems that prevented it from launching self-driving vehicles earlier. Unlike Waymo, which uses a variety of sensors including lidar, Tesla relies entirely on cameras for perception, which is a less robust approach, she said. 'During this demonstration in June, it's possible for the cars to go from point A to point B and not have any problems for a handful of trips,' Cummings said. But Tesla's robotaxis are likely to go slow and rely heavily on remote 'teleoperators.' 'They're going to be under very strict instructions to not let anything bad happen,' Cummings said. 'You're going to see uber conservative behavior and nothing that's going very fast because the slower you go, the better teleoperation works.' Cummings said that social media videos of Tesla owners using the latest version of its Full Self-Driving software, which for private vehicles requires human supervision, raise red flags about its readiness for fully autonomous operation. 'Just a quick perusal of YouTube and all the Full Self-Driving videos that have been posted there, where the car makes serious mistakes. There's no end to the problems. They have not solved self-driving with cameras only,' Cummings said. Once Tesla's robotaxi service is working adequately in Austin, Musk has said, the company will expand to cities such as San Francisco, Los Angeles and San Antonio. And after that, to other countries as regulation allows. 'We'll start with probably 10 for a week [in Austin], then increase it to 20, 30, 40,' Musk said on CNBC in May. 'We'll probably be at a thousand within a few months. And then we'll expand to other cities,' he said. Have an opinion about this story? Tell us about it and we may publish it in print. Click here to submit a letter to the editor. Sign in to access your portfolio
