Key Takeaways

Wedbush tech analyst Dan Ives is lending his name to a new exchange-traded fund built around his picks for the AI boom, joining a growing list of ETFs focused on the technology.

Ives, who in a recent note to clients called AI the “biggest tech transformation in over 40 years” and has likened AI chips to the “new gold and oil,” has amassed a sizable following—including more than 180,000 followers on X—with his conviction regarding AI, frequent media appearances, and colorful blazers.

The Dan IVES Wedbush AI Revolution ETF, which starts trading today under the ticker IVES, tracks his "AI 30" research list. That includes many of America’s biggest tech names, including Nvidia ( NVDA ) and Tesla ( TSLA ).

As of earlier this week, the Ives AI 30 also included the rest of the “ Magnificent 7 ,” as well as defense tech darling Palantir ( PLTR ), nuclear energy tech company Oklo ( OKLO ), and Broadcom (AVGO ), which is set to report earnings after the bell tomorrow .

Ives' ETF is the latest entrant in an increasingly busy space. VettaFi’s ETF database lists several dozen funds seeking to attract the attention—and money-of investors. The fund's expense ratio is 0.75%.

“Dan’s track record speaks for itself," said Wedbush CEO Gary Wedbush in a press release. "He’s been identifying the drivers of tech disruption for years, and the IVES ETF gives investors a chance to follow that insight in a disciplined, transparent way. We are proud to offer investors exposure to the AI Revolution through the IVES ETF.”

Despite a rough start to 2025, the AI trade has seen a resurgence in recent weeks , with Tesla and Nvidia both adding about 20% in the past month, while the Roundhill Magnificent Seven ETF (MAGS) has gained close to 30%.

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