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Things are certainly changing over at Wedbush headquarters. On Wednesday, July 1, Wedbush announced that Dan Ives — the firm's Global Head of Technology Research — has left the company to begin a new venture.
The pitch behind the Dan Ives Wedbush AI Revolution ETF (NASDAQ:IVES) was simple when it launched.
Goldman Sachs models $765 billion in annual AI capital spending for 2026, climbing toward $1.6 trillion by 2031.
When it comes to the markets, two of the most well-known names for retail investors are Ross Gerber and Dan Ives. Both are well known for their frequent appearances on financial TV and their wide social media followings.
The Dan IVES Wedbush AI Revolution ETF continues to outperform, returning 17% since July versus 12% for the S&P 500. I maintain a "Buy" rating on IVES, citing strong technical momentum, diversified AI exposure, and a reasonable 23.2x P/E with 15.7% EPS growth. IVES offers more diversification than expected, with 53% outside U.S. large-cap growth and 16% ex-U.S. stocks, despite a 71% IT sector weight.
The firm launched the Dan IVES Wedbush AI Power & Infrastructure exchange-traded fund.
Wedbush Securities' Dan Ives has to be one of the most recognized men on financial television. If it's not his bold, thought-provoking vision of the future of the AI revolution, or his incredibly bullish stance on a number of tech firms with front-row seats to the AI trade, it's his colorful attire and entertaining use... Dan Ives' AI ETF Looks Compelling for Growth-Minded Investors.
IVES: Too Risky In This Tech-Heavy Market (Rating Downgrade)