Jul. 1 at 10:26 PM
Veteran technology analyst Dan Ives is leaving Wedbush Securities to launch a new merchant bank that will combine equity research, strategic advisory, capital raising, and investing under one platform, according to CNBC.
After more than eight years at Wedbush and over 25 years covering technology stocks, Ives said the firm will focus on helping companies and investors capitalize on opportunities created by artificial intelligence and other long-term structural trends. The business will target sectors including technology, energy, and financial services.
Ives plans to continue covering technology stocks while building the new firm, which is expected to be officially unveiled in the coming weeks. He also aims to recruit top talent from across Wall Street, positioning the firm at the center of the AI-driven transformation reshaping global industries.
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