Dan IVES Wedbush AI Revolution ETF

IVES

Market cap $1.07B

Tech analyst Dan Ives announced that he has teamed up with Yorkville Securities to form a new kind of merchant bank. Johnson & Johnson (JNJ) beat Q2 estimates and raised guidance, but EPS decline weighed on sentiment despite innovative medicine strength.

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.

Salesforce (CRM) and ServiceNow (NOW) are two stocks getting added to the Dan Ives Wedbush AI Revolution ETF (IVES). Diane King Hall notes the news isn't helping either stock, even with Dan pounding the table that both are heavily oversold.

The Dan IVES Wedbush AI Revolution ETF is downgraded from Hold due to high fees and concentrated tech exposure.