Wedbush Securities analyst Dan Ives added Space Exploration Technologies Corp. (SPCX) and Dell Technologies to his "Ives AI 30" list of top artificial intelligence companies. This update precedes an expected rebalance for the Dan Ives Wedbush AI Revolution ETF. Oracle and Pegasystems exited the list.
The addition highlights a growing thesis: space infrastructure is becoming a new frontier for AI. Ives' research notes that low-earth-orbit connectivity, provided by SpaceX's Starlink, is now a scaled network. This network serves both commercial and national security purposes. This capability is vital for handling the massive data and compute demands of the expanding AI revolution.