Dan IVES Wedbush AI Revolution ETF

IVES

Market cap $742M

Dan Ives and Tom Lee, two of Wall Street's most bombastic figures have launched ETFs tapping their social media megaphones. Bloomberg's Isabelle Lee joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.

The Dan Ives Wedbush AI Revolution ETF has surpassed $750 million in assets under management since its June 2025 launch. IVES provides targeted exposure to 30 leading public companies at the forefront of AI infrastructure, software, semiconductors, and consumer internet platforms. But here's the catch: there's very little value-add here versus QQQ or perhaps other AI-themed ETFs that are crowded into that same trade.

Wedbush Fund Advisers announces its inaugural ETF, the Dan Ives Wedbush AI Revolution ETF, has surpassed $750 million in assets under management (AUM).

Artificial intelligence (AI) may be the hottest investment theme on the planet right now -- and for good reason. Companies involved in this potentially game-changing technology have led the S&P 500 to a winning performance over the past two years and have propelled the index higher so far this year, too.

Blending ARKQ ETF with IVES ETF balances risk-driven upside from innovation with quality growth from mega-cap tech, capturing AI potential while cushioning volatility. ARKQ offers concentrated bets on disruptive innovators and benefits most from Fed easing and AI enthusiasm, but is more volatile in tightening cycles. IVES focuses on established, cash-rich tech leaders, providing resilience and steady growth, especially during higher-for-longer rate environments or AI market slowdowns.

Exchange-traded funds, or ETFs, are fantastic ways to get in on a particular investing theme or group of stocks. The idea is with one simple purchase, you can bet on technology stocks, pharma players, or an index like the S&P 500.

The ETF market is more crowded than ever. With well over 4,000 U.S.-listed ETFs — more funds than U.S. stocks — differentiation has become its own strategy.

Dan Ives has been a table-pounder when it comes to the A.I. space. A few weeks back, Wedbush created an ETF that puts his top A.I. picks into one package. Wedbush's own Cullen Rogers gives investors a closer look into the Big Tech-centric ETF and how the firm aims to capitalize on "revolutionary" tech.

Dan Ives' AI Revolution ETF is heavily weighted toward big tech, betting these giants will lead the AI boom. I see IVES as less risky than ARKK but less diversified and more expensive than QQQ, with missed opportunities in crypto and infrastructure. For tech exposure with lower fees and greater diversification, I recommend QQQ over IVES, given its proven track record and lower risk.

There's no denying that artificial intelligence (AI) is one of the biggest and best investment opportunities of a lifetime. But let's face it -- the industry is moving (and evolving) faster than most investors can move with it.