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.”
