Recent news highlights various aspects of AI's growing influence on the stock market and investment strategies. A new ETF, the Dan IVES Wedbush AI Revolution ETF (IVES), has been launched by analyst Dan Ives, focusing on 30 AI-related companies like Nvidia and Microsoft, though it has a 0.75% expense ratio. Microsoft's stock is rising due to optimism about its AI partnership with OpenAI, while Apple's stock has fallen due to delays in its AI development, particularly the 'Apple Intelligence' upgrade to Siri, leading them to rely on OpenAI. Jim Cramer has identified Seagate Technology as an AI trade, noting the need for hard drives in data centers, and admitted he underestimated Vistra's AI power potential. Wall Street firms like Blackstone, KKR, and BlackRock are making substantial investments in AI data centers, raising concerns about a potential oversupply. Accounting firm RSM US is investing $1 billion in agentic AI to enhance its services. Mindflair has updated its website to attract AI investors, while PI crypto faces user complaints and price drops amid reports of missing balances. Another AI crypto project, Mind of Pepe (MIND), is showing positive signs with its AI trading tools.
Key Takeaways
- Dan Ives launched the Dan IVES Wedbush AI Revolution ETF (IVES) focusing on AI stocks.
- The IVES ETF includes 30 companies with ties to AI, such as Nvidia and Microsoft, and has a 0.75% expense ratio.
- Microsoft's stock is rising due to optimism surrounding its AI partnership with OpenAI.
- Apple's stock has dropped due to delays in its AI development, leading them to rely on OpenAI for Siri.
- Jim Cramer identifies Seagate Technology as an AI trade due to the demand for hard drives in data centers.
- Wall Street firms are heavily investing in AI data centers, raising concerns about a potential oversupply.
- RSM US is investing $1 billion in agentic AI to enhance its services.
- Mindflair has redesigned its website to attract AI investors.
- PI crypto is facing user complaints and price drops.
- Mind of Pepe (MIND), an AI crypto project, is showing positive signs.
New IVES ETF offers expert guidance for AI investing
A new ETF called the Dan IVES Wedbush AI Revolution ETF (IVES) helps investors put money in AI. Analyst Dan Ives created it to focus on the future of AI. The ETF includes 30 companies with strong ties to AI, like Nvidia and Microsoft. It allows investors to quickly invest in AI, but has a high expense ratio of 0.75%.
New IVES ETF offers expert guidance for AI investing
A new ETF called the Dan IVES Wedbush AI Revolution ETF (IVES) helps investors put money in AI. Analyst Dan Ives created it to focus on the future of AI. The ETF includes 30 companies with strong ties to AI, like Nvidia and Microsoft. It allows investors to quickly invest in AI, but has a high expense ratio of 0.75%.
Dan Ives' new AI ETF includes top AI stocks
Wedbush analyst Dan Ives launched the Dan Ives Wedbush AI Revolution ETF (IVES). The ETF focuses on AI stocks, including big names like Microsoft, Nvidia, and Amazon. It holds 30 stocks across different sectors like semiconductors, cybersecurity, and robotics. The ETF's goal is to give investors exposure to well-known AI companies. The expense ratio is 0.75%, and the fund had $26.4 million in assets as of June 4, 2025.
Jim Cramer admits he underestimated Vistra's AI power potential
Jim Cramer revisited Vistra Corp. (NYSE VST) after a viewer question. He admitted he had previously underestimated the company's AI power potential.
Jim Cramer calls Seagate Technology an AI trade
Jim Cramer said Seagate Technology Holdings plc (NASDAQ STX) is now an AI trade. He said data centers need lots of hard drives, which benefits Seagate. Seagate provides data storage solutions, including hard drives and solid state drives. Cramer had previously suggested Broadcom over Seagate for storage investments.
Apple stock drops as AI delays worry investors
Apple's stock (AAPL) has dropped 18% this year because of delays in its AI development. The company's planned AI upgrade to Siri, called 'Apple Intelligence,' is not ready. This delay has caused investor confidence to fall, while other tech companies are moving forward with AI. Apple is now relying on OpenAI to help power Siri.
Mindflair updates website to attract AI investors
Mindflair plc has launched a redesigned website to better communicate with investors. The new site aims to support investments in AI and other technologies. Mindflair invests in areas like AI, Internet of Things, and cybersecurity. The company wants to provide more value and transparency to its audience.
PI Crypto price drops amid user complaints
The PI crypto is facing problems as users report missing balances in their wallets. Many users are angry about delays in transferring their mined Pi to the mainnet. Some reports show the Pi Foundation moved a large number of Pi tokens, raising questions. The price of PI is around $0.66 and may drop further. Meanwhile, another AI crypto project, Mind of Pepe (MIND), is showing positive signs with its AI trading tools.
Apple stock falls after AI update disappoints at WWDC
Apple's stock fell after its WWDC event because the company's AI plans are not ready. The delay in the AI revamp of Siri disappointed investors. Apple's software chief said the AI features needed more time to meet their standards. Competitors like Google and Microsoft are moving faster in AI. Analysts suggest Apple may need to acquire AI companies to catch up.
Microsoft stock hits record high amid AI optimism
Microsoft's stock (MSFT) has been rising due to investor excitement about AI. Analysts believe Microsoft's partnership with OpenAI will boost its cloud platform Azure. Microsoft expects strong revenue growth in the current quarter. The stock closed at $472.75 on Monday, up 37% from its April low. Analysis suggests the stock could reach $500, but support levels around $465, $448, and $430 should be monitored.
Is Wall Street's AI data center investment a bubble
Wall Street firms are investing heavily in AI data centers. Blackstone has invested over $100 billion in data centers and related infrastructure. Other firms like KKR and BlackRock are also investing billions. Some worry that too many data centers are being built, potentially creating an oversupply. However, Blackstone believes strong demand from tech companies will continue.
RSM US invests $1 billion in Agentic AI
Accounting firm RSM US will invest $1 billion in agentic AI over the next three years. The company plans to integrate AI across its services to improve solutions for clients. This investment will enhance existing AI tools that automate tasks and improve audit quality. RSM US is also preparing to merge with RSM UK, creating a large global organization.
Sources
- The Best ETF to Invest in the AI Boom Without Betting on Just One Stock
- The Best ETF to Invest in the AI Boom Without Betting on Just One Stock
- This AI-Focused ETF Just Launched -- Here's What's Inside and Why It Matters
- Was Jim Cramer Right Admitting He Underestimated Vistra (VST)’s AI Power Potential?
- Jim Cramer Calls Seagate Technology (STX) an “AI trade”
- AAPL Down 18% YTD as Apple’s AI Delays Erode Investor Confidence
- Mindflair Unveils Redesigned Website to Boost AI Investment Engagement
- Experts Mark Targets For PI Crypto Price As Traders Bid AI Agents
- Apple stock dropped as WWDC got going. Here's why.
- Watch These Microsoft Levels as Stock Hits Another Record High
- Wall Street is all in on AI data centers. But are they the next bubble?
- Accounting Firm RSM US to Invest $1 Billion in Agentic AI