Dan Ives launches AI-focused ETF, believes market underestimates AI growth, key player Oracle in AI

From Yahoo Finance: 2025-06-20 22:31:00

Dan Ives launched an AI-focused ETF, looking beyond top tech stocks for investments. The Dan IVES Wedbush AI Revolution ETF started trading on June 4, holding diverse AI-related securities. Ives believes the market underestimates AI growth and emphasizes the importance of tech stocks for investors. Oracle is seen as a key player in the AI theme, alongside other ‘AI 30’ stocks in the ETF.

The ‘AI 30’ stocks in the IVES ETF cover various AI plays in industries like cybersecurity, consumer platforms, and robotics. With $183 million in assets under management, Ives sees the AI sector in a “golden age.” The ETF has gained 2.76% since its inception, compared to a 6.08% rise in a similar index, S&P Kensho Global Artificial Intelligence Enablers.

Despite gains in the AI ETF, traditional market indexes like SPY and QQQ saw slight declines. The SPY was down 0.015% at $597.44, while the QQQ was 0.017% lower at $528.99. This data comes from Benzinga Pro, highlighting the contrasting performance of AI-focused investments and broader market indexes.



Read more at Yahoo Finance: Dan Ives Says Market Is ‘Massively Underestimating’ This AI Play, Urges Investors To Look Beyong Mag 7