Wedbush Taps Dan Ives' AI Playbook For New Power & Infrastructure ETF
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Wedbush Fund Advisers has launched the Dan Ives Wedbush AI Power & Infrastructure ETF (NYSE:IVEP), focusing on AI-driven demand for power and infrastructure. This ETF builds on the existing AI Revolution ETF and utilizes proprietary research to identify companies benefiting from AI's growth. With rising concerns over energy constraints, Wedbush estimates U.S. data center electricity consumption could reach 470 terawatt-hours by 2030. The IVEP ETF targets sectors like power generation, grid infrastructure, and equipment management, aiming to address the energy and infrastructure needs critical for AI expansion.
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