Wedbush and Dan Ives Launch AI-Focused ETF to Capitalize on Sector Growth

Wedbush Securities, in partnership with prominent tech analyst Dan Ives, has introduced the Dan Ives Wedbush AI Revolution ETF, targeting companies at the forefront of artificial intelligence innovation. The fund spans AI chipmakers, software developers, infrastructure providers, and consumer-facing applications.

The MOVE marks Wedbush's debut in the $11 trillion ETF market, with SEC filings completed earlier this year. Competition looms from established funds like Global X's AIQ ETF, which boasts $3 billion in assets and a 22% annual return. The new ETF carries a 0.75% management fee—positioning it between passive thematic funds and active strategies.

Ives emphasizes AI's expanding influence beyond semiconductor firms, now driving transformation across multiple industries. The launch reflects institutional recognition of AI as a secular growth theme, though some remain skeptical about near-term valuations in the space.