Wedbush Securities has reshuffled its IVES Artificial Intelligence (AI) 30 stock list, adding cybersecurity firm CrowdStrike (CRWD), gaming platform Roblox Corporation (RBLX), energy company GE Vernova (GEV), and AI infrastructure provider Nebius (NBIS), while removing cybersecurity company CyberArk (CYBR), enterprise AI software firm C3.ai (AI), creative software giant Adobe (ADBE), and search analytics platform Elastic (ESTC).

The list focuses on companies that Wedbush considers core AI investments for the coming years and is incorporated into the newly established Dan Ives Wedbush AI Revolution ETF.

Wedbush analysts noted that CrowdStrike was selected due to its continuously expanding AI-driven security modules and strong transaction flow from its Charlotte AI product. Roblox Corporation earned its spot through AI exploration features that enhance platform engagement and monetization potential. GE Vernova was included for its alignment with data center electrification infrastructure demands, while Nebius made the list as current AI infrastructure demand significantly exceeds supply.

The removed companies were dropped due to company-specific or market structural changes. C3.ai fell out of favor due to sales organization restructuring and management changes; CyberArk was removed from the list after Palo Alto Networks disclosed acquisition plans, with its technology set to be integrated into a broader AI security framework; Adobe and Elastic were excluded due to slower AI advancement in their product roadmaps and some demand weakness.

This adjustment reflects Wedbush's dynamic assessment of companies expected to shape AI infrastructure, software, and commercialization landscapes in the coming years.