The YieldMax AI Option Income Strategy ETF is experiencing upward momentum, driven by developments in the AI and data center sectors. A recent report from Moody's highlighted a significant surge in data center demand fueled by AI advancements, predicting a 23% increase in energy consumption for data centers between 2023 and 2028. This growth is attributed to the rising need for infrastructure to support AI workloads, which is expected to grow at an annual rate of 43%. Additionally, the Dell’Oro Group reported a 46% increase in data center capital expenditures in Q2 2024, underscoring the substantial investment in AI-related infrastructure. These factors are contributing to a positive outlook for assets linked to AI and data center growth.
The YieldMax AI Option Income Strategy ETF (AIYY) is up 1.03% in pre-market hours on Monday, December 23, reaching $8.87 as of 6:00 AM ET.