Key insights
- Analyst Dan Ives has added Datadog and SK Hynix to his AI ETF, signaling a positive outlook on their roles in the AI and memory super cycle. This move suggests a belief in the continued growth and relevance of these tech companies within the expanding AI landscape, potentially indicating a bullish sentiment for specific tech sub-sectors and their associated equities.
Wedbush Securities managing director and global head of technology research, Dan Ives, joins Yahoo Finance to explain why he added Datadog (DDOG) and SK Hynix (000660.KS) to his IVES (IVES) exchange-traded fund (ETF).
You made some, um, changes to your Ives ETF, your 30 best ideas in in AI. I mean, you alluded to it earlier, you added Data Dog, you added SK Hynex, which is interesting. Um, and you took out I believe Shopify from that from that group. Um, you know, what is is does that indicate any kind of inflection for you or sort of bigger picture change to your thinking?
Yeah, just on the Ives AI 30 research, you know, the the list that we put out and then the ETF's managed separate. Look, to to us it's really we're trying to find who become more relevant, less relevant.
And when you look at what what SK is doing, obviously I've seen it firsthand in in Korea, they're going to be part of this memory super cycle that's playing out. and I mean they they are in the winner circle. So that's why we're putting them on. Data dog, I mean, you saw the inflection point quarter and it's our view, it's not just going to be about Pateer. Data dog, Snowflake, others will follow. We think Oracle continues to be way mislabeled here. And then when it comes to
you know, when it comes to Shopify and Alibaba, look, they're still well positioned, but for us it's like, okay, who's really starting to reassert themselves and I think Data Dog SK.