Artificial intelligence has been one of the predominant forces moving markets over the past several years.
Your feed is full of Arista Networks screenshots. Green candles, giddy captions, someone's cousin bragging about a 40% run.
Things are certainly changing over at Wedbush headquarters. On Wednesday, July 1, Wedbush announced that Dan Ives — the firm's Global Head of Technology Research — has left the company to begin a new venture.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 178,748 | $6.93M | $10.88M | $3.95M | 56.92% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 2,160 | $77,067.85 | $131,446.8 | $54,378.95 | 70.56% |
| CE Curtis Ellergodt Rothschild Investment LLC | 940 | $41,103.14 | $57,203.7 | $16,100.56 | 39.17% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 33,093 | $1.51M | $2M | $490,343.57 | 32.46% |
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 5,180 | $262,593.86 | $315,151.2 | $52,557.34 | 20.01% |
| NASDAQ (NMS) Exchange | US Country |
The fund is specifically focused on investing a significant portion of its assets into securities that are directly associated with companies engaged in the realms of artificial intelligence (AI) and big data. With the goal of mirroring the performance of the underlying index, this fund prioritizes investments in sectors that are pioneering or significantly utilizing AI and big data technologies. By allocating at least 80% of its total assets towards such securities, the fund commits to being at the forefront of technological and digital advancements. It should be noted that the fund operates on a non-diversified basis, concentrating its investments more narrowly than diversified funds, which may lead to higher volatility and risk exposure.
The primary offering involves investing in securities, such as stocks or bonds, of companies that are heavily involved in the research, development, and practical application of artificial intelligence and big data analytics. This approach allows investors to gain exposure to the growth potential of the AI and big data sectors, which are considered key drivers of the fourth industrial revolution.