Dan Ives leaves Wedbush to launch AI-focused merchant bank

Dan Ives, one of Wall Street's most recognizable technology analysts, is leaving his longtime role at Wedbush Securities to launch a merchant bank aimed at combining research, advisory, capital raising and investing under one roof.

Ives, who has spent the past eight years at Wedbush and more than 25 years covering technology stocks, said the new firm will seek to build what he described as a "modern merchant bank" focused on helping companies and investors capitalize on opportunities created by artificial intelligence and other structural shifts across the economy. The move underscores the growing influence of AI as a catalyst for financial services innovation, as analysts increasingly seek to leverage their expertise beyond traditional sell-side roles.

For stock market participants, Ives' departure from Wedbush removes a prominent voice from the sell-side research landscape, potentially affecting sentiment around tech stocks he covered. His new venture signals a broader trend of top analysts moving into entrepreneurial finance, which could reshape how research is delivered and monetized. Traders can monitor the impact on tech sector valuations through NowPrice's live stocks dashboard, tracking any shifts in analyst ratings or coverage changes.

Looking ahead, the success of Ives' merchant bank will depend on its ability to attract clients and capital in a competitive environment. Market participants will watch for further details on the firm's structure and any initial deals, as well as how Wedbush adjusts its tech research coverage. The move also highlights the ongoing convergence of research, advisory, and investment banking, a trend that may accelerate as AI continues to disrupt traditional financial models.