Wedbush Fund Advisers has launched the Dan Ives Wedbush AI Power & Infrastructure ETF (NYSE:IVEP), expanding its AI-focused ETF lineup with a strategy centered on the energy and infrastructure backbone supporting the next phase of artificial intelligence growth.

The ETF builds on the existing Dan Ives Wedbush AI Revolution ETF (NYSE:IVES), leveraging proprietary research from Wedbush Securities' technology team, including tech guru Dan Ives and Wedbush MD Seth Basham, to identify companies poised to benefit from AI's accelerating adoption.

The launch comes amid rising concerns over power and infrastructure constraints as AI scales. Wedbush estimates U.S. data center electricity consumption could reach roughly 470 terawatt-hours by 2030—about 23% above current consensus forecasts—driven by energy-intensive AI workloads. With transmission timelines, equipment availability, and baseload power supply emerging as key bottlenecks, the firm expects these constraints to shape the pace of AI expansion, even as efficiency gains fail to offset the surge in overall energy demand.

Key features of the IVEP ETF:

  • Built on Wedbush's proprietary "IVES Power 30" research, targeting companies tied to AI-driven electricity demand
  • Invests across four key segments: power generation and fuel supply; grid infrastructure and data centers; equipment and power management; and materials and enabling technologies
  • Aims to capture opportunities arising from surging data center power consumption, projected to hit ~470 TWh in the U.S. by 2030
  • Addresses structural bottlenecks in transmission, equipment supply, and baseload power critical to AI scaling
  • Extends Wedbush's ETF platform by offering exposure to the physical infrastructure underpinning the AI ecosystem

As AI adoption accelerates, the real constraint may not be chips or models—but the energy and infrastructure needed to run them, and IVEP is designed to capture that shift.

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