The YieldMax AI Option Income Strategy ETF (AIYY) experienced a notable uptick, driven by a combination of favorable market conditions and specific developments in the technology sector. The ETF, which focuses on generating income through options strategies, benefited from a surge in tech stocks, particularly those involved in artificial intelligence and quantum computing. Notably, shares of IONQ Inc., a quantum computing company, soared nearly 20% after analysts raised their price targets, citing the company's advanced technological capabilities and potential for rapid sector growth. This positive sentiment in the tech sector, coupled with a broader market recovery following encouraging inflation data, contributed to the ETF's upward movement.
The AIYY ETF closed at $8.78, marking a 2.69% increase from the previous day, with an additional 0.46% rise after market hours as of 5:45 PM on Friday, December 20th.