Not too many Wall Street analysts have name recognition, but Wedbush’s Dan Ives is one of the best-known commentators and AI cheerleaders.
Ives is a frequent guest on CNBC and other financial news outlets, as well as social media, typically wearing a bright-colored jacket and a loud shirt. He’s known for his bullish commentary on stocks like Nvidia and Palantir.
Now, the Wedbush analyst has taken the next logical step, creating an exchange-traded fund (ETF). Last Wednesday, Wedbush Fund Advisers launched the Dan Ives Wedbush AI Revolution (IVES), which trades on the New York Stock Exchange and is based on his picks and research in the artificial intelligence (AI) sector.
The ETF holds 30 stocks, ranging from semiconductors to hyperscalers to cybersecurity, robotics, and other industries. Ives says he is more focused on themes and disruptive impact, rather than valuation, and the ETF features many of the best-known names in AI.
This post originally appeared at The Motley Fool.