The YieldMax AI Option Income Strategy ETF (AIYY) experienced a notable uptick, driven by developments in the AI sector and strategic advancements by major players like IBM. IBM's AI-first strategy, which emphasizes embedding AI across its business operations, has been a significant catalyst. The company's focus on generative AI and quantum computing, as well as its strategic partnerships, are seen as pivotal in driving enterprise value. IBM's introduction of the Granite 3.0 models, designed to enhance return on investment through tailored, high-performing AI solutions, underscores the growing importance of AI in enterprise applications. These advancements are likely contributing to increased investor interest in AI-focused ETFs.
The AIYY ETF closed at $8.78, marking a 2.69% increase from the previous day, with an additional 1.37% rise after market close, bringing the current price to $8.90 as of 6:45 PM ET on Friday, December 20th.