Latest news with #DanIvesWedbushAIRevolutionETF
CNBC
3 days ago
- Business
- CNBC
This artificial intelligence subcategory is undergoing a 'golden age,' says long-time tech analyst Dan Ives
Wedbush Securities' Dan Ives, who launched an artificial intelligence exchange-traded fund this month, sees software as the subcategory to watch within the space. According to Ives, it's experiencing a "golden age." "Software is going to be driving … a lot of the use cases," the firm's global head of technology research told CNBC's "ETF Edge" this week. "But it's trying to understand: Who within software? Just because they say 'AI' on a conference call doesn't make them an AI player." Ives runs the Dan Ives Wedbush AI Revolution ETF, which trades under the ticker IVES. Ives' goal is to focus on stocks that are transforming the AI landscape. "I believe the market is still massively underestimating what the growth is going to look like for the AI revolution in tech," he said. "For us, it's not just Mag Seven. It's not just those first four or five names... It's trying to identify names that maybe today thematically you don't even consider an AI name." He forecasts Oracle will be "the epicenter of the AI theme over the next six, nine, 12 months in terms of software." As of Tuesday's market close, Oracle shares are up almost 62% over the past two months. It's IVES' fourth-largest holding, according to the firm's website. IVES' other software holdings include Palantir, IBM and Salesforce. They're also winners over the past two months — with Palantir shares soaring more than 47%. Altogether, IVES' holdings cover 30 companies that span multiple industries. They include hyperscalers, cybersecurity, consumer platforms and robotics. According to Ives, the list was compiled from his deep dives into major AI players. "Around the world investors always say, 'How do you play AI? How do you play the theme?'" Ives said. "All of our research can put it in a way investors could play this regardless of where they are and who they are." The fund's top three holdings overall are Microsoft, Nvidia and Broadcom, but it also includes smaller tech names like SoundHound and Innodata. IVES is up almost 3% since its June 4 launch. In an email to CNBC, Ives wrote that the ETF has $183 million in assets under management as of Tuesday's market close. Ives plans to reevaluate the AI 30 every quarter. "There could be a name today that's not on there," he said. "Six months from now, if we find that's a name that's become more and more of an AI play, then we'll put them on there." Ives contends the tech trade is still worth the investment – even for investors who have missed out on the run over the past few years. "If you focus just on valuation, you miss every transformational tech stock of the last 20 years," Ives said.
Yahoo
13-06-2025
- Business
- Yahoo
Want Exposure to Nvidia, Microsoft, and Tesla? This New ETF Covers Them All.
A new exchange-traded fund offers investors a way to gain exposure to some of the hottest stocks in the AI market. The new ETF uses proprietary research to evaluate the top AI companies to invest in. Wedbush tech analyst Dan Ives oversees the ETF that bears his name. 10 stocks we like better than Wedbush Series Trust - Dan Ives Wedbush Ai Revolution ETF › Exchange-traded funds (ETFs) are a great way to gain exposure to the hot field of artificial intelligence (AI). ETFs provide a diversified portfolio of AI stocks while typically charging low fees. A new AI ETF emerged recently, and what makes this one stand out is that it's overseen by Dan Ives, the global head of technology research at Wall Street firm Wedbush Fund Advisors. Naturally, the fund, the Dan Ives Wedbush AI Revolution ETF (NYSEMKT: IVES), is named after its founder. But just because it sports the name of a well-known stock market analyst doesn't mean the ETF is a buy. Here's a deeper look into this new opportunity to invest in the hot field of artificial intelligence. Ives started his namesake ETF because he's excited about the transformative power artificial intelligence brings to every industry. He told Fox Business, "In 25 years covering tech, I've never seen a bigger theme than the AI revolution." The fund is made up of 30 businesses across a number of industries ranging from semiconductor manufacturing and robotics to cybersecurity and consumer products. What ties these disparate companies together is that each has developed strong AI capabilities in their fields. The Dan Ives Wedbush AI Revolution ETF encompasses many key players in the AI space, including tech stalwarts Microsoft, Tesla, Apple, Palo Alto Networks, and of course, AI darling Nvidia. Some newcomers to the AI arena are also included, such as SoundHound AI and All 30 stocks were handpicked using Ives' proprietary investment framework. Ives intends to actively manage the roster of companies in his ETF, and the plan is to reconfigure and rebalance the stocks quarterly. At the time of this writing, Microsoft has the heaviest weighting in the ETF at 5.65%. Ives described this process to CNBC, saying: It's based on our research. So as new companies come in, then some companies could come out. This is a living organism, in terms of this AI 30. It's not static. And that's a key part of the theme here, because the theme will continue to evolve. While available to all investors, the ETF is aimed at retail investors. Ives explained there's "a heavy focus on retail for all the investors that follow me." The Dan Ives Wedbush AI Revolution ETF charges an annual fee of 0.75%, which is higher than several other AI ETFs. That's not surprising because the fund is actively managed, so investors will be paying $75 annually in fees for every $10,000 invested. In fact, Cullen Rogers, chief investment officer at Wedbush Fund Advisers, told CNBC, "We're kind of walking this line between active and passive." This is actually a strength of Ives' ETF compared to a passively managed fund. The AI industry is dynamic and evolving rapidly. Having Ives and his team researching and staying on top of who the important AI players are across diverse industries is essential to the fund's performance over time. And Ives wasn't modest when he highlighted another reason to invest in his ETF, telling Yahoo! Finance, "There is only one Dan Ives." He elaborated, "There are plenty of other great vehicles out there, but there's only one that encompasses my investing team and the research that investors have trusted me to deliver." Is there enough reason to invest in the Dan Ives Wedbush AI Revolution ETF? It boasts a number of exceptional AI stocks. For example, it includes shares of Facebook parent Meta Platforms, which rose 42%, and Pegasystems, which skyrocketed 78% over the past 12 months. But because the fund is so new, with an inception date of June 3, the ETF lacks a track record to assess how it's performed over time. Some of the veteran companies in the fund, for example, Nvidia, are a solid choice, but others, such as Soundhound, are newer businesses that may not succeed over the long run. So there's risk this ETF can underperform the overall market. If so, you're better off opting for one of the ETFs focused on the S&P 500. Moreover, the method Ives is taking with his fund warrants careful consideration. He told Yahoo! Finance: "I've never been too focused on valuations. It's about the themes, the best places, and the disruptors." To say stock valuation is taking a bit of a back seat is concerning. It's also counter to how investing legend Warren Buffett approaches stocks. As Buffett has famously said, "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." As a result, before deciding to invest, wait to see how the ETF performs over the next few quarters. This gives you some history to evaluate whether Ives can deliver worthwhile returns in the dynamic, ever-evolving AI industry. Before you buy stock in Wedbush Series Trust - Dan Ives Wedbush Ai Revolution ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Wedbush Series Trust - Dan Ives Wedbush Ai Revolution ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor's total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Robert Izquierdo has positions in Apple, Meta Platforms, Microsoft, Nvidia, Palo Alto Networks, SoundHound AI, and Tesla. The Motley Fool has positions in and recommends Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends Palo Alto Networks, and Pegasystems and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Want Exposure to Nvidia, Microsoft, and Tesla? This New ETF Covers Them All. was originally published by The Motley Fool
Yahoo
06-06-2025
- Business
- Yahoo
Wedbush and Dan Ives Launch AI Revolution ETF
Tech analyst Dan Ives believes he has identified the most important companies driving artificial intelligence innovation today. He and Wedbush Fund Advisors launched the firm's inaugural ETF Wednesday — the Dan Ives Wedbush AI Revolution ETF (IVES). The fund, based on Ives' proprietary research, targets companies leading the charge in robotics, semiconductor chips, retail products, and of course, AI. It's the old California gold rush 'picks and shovels' strategy. 'AI isn't just about the Mag 7,' Ives told Advisor Upside. 'It's the software, the consumer, the infrastructure, the cybersecurity players.' The fund had net assets of more than $26 million as of Wednesday, an expense ratio of 0.75%, and a net asset value of $25.35. AI is likely going to be as monumental as the printing press or the internet, but do advisors have much enthusiasm for products that specifically target the sector? READ ALSO: There's Almost 600K More Millionaires. That's Not Necessarily a Good Thing and Goldman, Morgan Stanley, JPMorgan Layoffs to Hit Northeast There are plenty of AI-focused ETFs already, including Global X Artificial Intelligence & Technology ETF (AIQ), Defiance Quantum ETF (QTUM), and iShares Future AI & Tech ETF (ARTY) which collectively hold more than $5.5 billion in assets, according to data compiled by Morningstar Direct. As of the end of May, AI and robotics ETFs in the US alone have taken in nearly $1.3 billion. However, many of those funds also include holdings that aren't AI-specific. For example, ARTY has plenty of exposure to multiple foreign currencies. IVES, on the other hand, is more limited: It's made up of just 30 holdings, including all of the Mag 7. It also has a few names clients may not be aware of, like cybersecurity firm Zscaler, software-maker Pegasystems, and nuclear power company Oklo. 'Investors miss a core part of the theme by not playing the second and third derivatives,' Ives said. Wedbush Funds CIO Cullen Rogers added that the fund allows large-cap leaders like Nvidia and Microsoft to carry influence without overpowering the portfolio, and it gives smaller names 'a seat at the table.' Making Waves? Though AI is being viewed as the fourth industrial revolution and has been responsible for major investor returns of late, AI ETFs — and thematics in general — are a tough sell for advisors, said Bryan Armour, director of ETF & passive strategies research at Morningstar. 'Investors, and advisors alike, got burned by thematic ETFs in 2022, so they've failed to generate as much interest since then,' he told Advisor Upside. Plus, clients already have significant exposure to AI companies when they invest in the S&P 500 or Nasdaq. 'We have definitely seen how advisors have been putting some of the legacy AI thematic ETFs to work in client portfolios, but we've also seen advisors start to realize that most 'AI' ETFs are little more than the MAG 7 with high fees,' said Adam Patti, CEO of VistaShares. This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. 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
CNBC
04-06-2025
- Business
- CNBC
Wedbush, Dan Ives launch new ETF to capture the AI boom
Wedbush tech analyst Dan Ives is putting his theory of the artificial intelligence boom to the test with a new fund that will allow his audience to follow along and invest in his favorite ideas. The Dan Ives Wedbush AI Revolution ETF is set to begin trading on Wednesday under the ticker "IVES." The fund will track an index that consists of the companies from Wedbush's Ives AI 30 research list. "It's based on our research. So as new companies come in, then some companies could come out. This is a living organism, in terms of this AI 30. It's not static. And that's a key part of the theme here, because the theme will continue to evolve," Ives told CNBC. The current index includes many of the biggest tech funds in the market, such as Nvidia , Microsoft , Alphabet , Amazon and Tesla , according to a Wedbush report last month. Smaller names in the index include SoundHound AI and CyberArk Software . The index will be reconfigured quarterly and can be changed more often in the event of a corporate action, according to a Securities and Exchange Commission filing for the fund. Cullen Rogers, chief investment officer at Wedbush Fund Advisers, is in charge of the ETF's day-to-day operations. The fund is technically a passive investing product. "We're kind of walking this line between active and passive. … We're just looking to leverage Dan's ideas as well as we can in an institutional framework, in this index, that kind of gives investors a consistent, predictable structure," Rogers said. AI-themed ETFs have been something of a puzzle for fund issuers given the fast-developing nature of the industry, the obstacle of some large players like OpenAI being private firms , and the fact that the biggest public companies, like Nvidia, are already widely held by investors through other vehicles. The Wedbush team thinks their fund is launching as the AI boom is expanding beyond those initial big winners. "The AI revolution theme is now going from semis to software, to infrastructure, to consumer and the other derivatives," Ives said. There are some notable competitors for the Ives fund, however, including the Global X Artificial Intelligence & Technology ETF (AIQ) , which has more than $3 billion in assets under management. That fund has gained 22% over the past 12 months, which is well above the S & P 500 but basically in-line with just holding Nvidia alone. The Ives fund comes with a management fee of 0.75%. The Ives fund comes with a management fee of 0.75%. That is higher than the cost of many popular thematic ETFs, but it's lower than the equal-weighted average fee of about 1% for active U.S. equity funds, according to Morningstar . For comparison, the AIQ has a fee of 0.68%.
