The Dan Ives Wedbush AI Revolution ETF (IVES) has surpassed $1 billion in assets under management after less than five months since its June launch. IVES has attracted over $665 million in net inflows and gained 38% since inception, outperforming other tech ETFs like QQQ, XLK, and VOO.

Tracking the Solactive Wedbush Artificial Intelligence Index, IVES operates like an actively managed ETF. It includes 30 companies leading the charge in AI technology transformation. With holdings covering the full AI supply chain, IVES features major players like Nvidia, AMD, Palantir, and Tesla, with most major AI names weighted between 1.3% and 5.1%.

Dan Ives, Managing Director at Wedbush, believes the AI Revolution is the most transformative tech shift in decades. His high media profile and bullish messaging on AI have helped IVES quickly grow to $1 billion in assets under management, joining other star stock pickers in the ETF world like Cathie Wood and Tom Lee.

Read more at Yahoo Finance: Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch