Wall Street Lunch: Wedbush Adds CRWD, RBLX, GEV, NBIS To IVES AI 30 List

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Wedbush tech analyst Ives swaps in four new names for the IVES AI 30 list. (0:15) Dayforce surges on takeover speculation. (1:17) Soho House goes private for $9 a share. (2:16)

This is an abridged transcript of the podcast:

Our top story so far, Wedbush added CrowdStrike (NASDAQ:CRWD), Roblox (RBLX), GE Vernova (GEV) and Nebius (NBIS) to its IVES AI 30 list.

Meanwhile, the analysts have removed CyberArk (CYBR), C3.ai (AI), Adobe (ADBE) and Elastic (ESTC) from the list.

The IVES AI 30 list is a group of 30 tech companies analysts led by Daniel Ives believe will define the future of the AI theme over the coming years. In May, Ives and his team selected 30 tech names and the following month, Wedbush launched a new ETF focused on AI called the Dan Ives Wedbush AI Revolution ETF (IVES).

On the additions, they cited CrowdStrike having more module add-ons within its core verticals, continued adoption of data protection and Charlotte AI, which continues to see strong deal flow.

Roblox provides a compelling portfolio of incentives for its developers, while its AI-driven discovery initiatives are driving increased platform adoption.

GE Vernova continues to capitalize on higher demand for electrification with the continued build out of data centers across hyperscalers.

And Nebius continues to see robust demand for its AI infrastructure business while looking to increase its data center capacity over the coming years.

Among active stocks, Dayforce (DAY) is the top S&P gainer on a report that Thoma Bravo is in talks to acquire the human resources management software provider. Bloomberg says the deal could be announced as soon as the coming weeks.

While discussions are advanced, they could still be delayed or falter, and it is possible another bidder may emerge.

EV maker Nio (NIO) announced that it is planning further expansion, including its first market in the Americas. The Chinese electric vehicle maker plans to enter Singapore, Uzbekistan and Costa Rica in 2025 and 2026 to grow its global footprint further.

And TeraWulf (WULF) is rallying as Google (GOOG) (GOOGL) agreed to provide a $1.4B backstop to support an expansion of TeraWulf’s Lake Mariner data center campus in western New York.) Google will receive warrants that could boost its ownership in TeraWulf to ~14%.

Fluidstack, an AI cloud platform and TeraWulf tenant, exercised its option to expand the data center, including adding a new data center building, with operations expected to commence in the second half of 2026.

In other news of note, Soho House (SHCO) confirmed that it will be acquired for $9 per share. The company entered into definitive agreements pursuant to which an investor group led by MCR and its Chairman and CEO Tyler Morse will acquire the outstanding shares of Soho House not held by certain significant shareholders.

Of note, Soho House Executive Chairman Ron Burkle and the Yucaipa Companies LLC will roll their controlling equity interests in the company and retain majority control of the business.

The offer for Soho House implies a total enterprise value of approximately $2.7 billion for SHCO. MCR’s portfolio includes iconic assets such as the TWA Hotel at JFK Airport, The High Line Hotel and the Gramercy Park Hotel in New York City and the BT Tower in London.

And in the Wall Street Research Corner, the Goldman Sachs trading desk says there has been a continued uptick in speculative trading, led by retail investors.

Consumer Discretionary (XLY) and Info Tech (XLK) are the favorite sectors of retail investors, with retail activity making up almost 20% of trading in info tech ETF XLK. Utilities (XLU) and Real Estate (XLRE) are the least favorite sectors.

Among favored single names, based on the percentage of their shares traded by retail investors, are: Keycorp (KEY), Huntington Bancshares (HBAN), Ford (F), Regions Financial (RF) and Pfizer (PFE).

Check out all the names here.

Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.