12/24

Why is NVDY Up Today After Semiconductor Rally

The YieldMax NVDA Option Income Strategy ETF (NVDY) closed up 0.5% at $24.08 on December 24, as Nvidia's stock showed resilience amid a broader bullish trend in the semiconductor sector. Despite a marginal decline of 0.01% in Nvidia's stock price to $139.66, the semiconductor index (SOX) rose by 1.07%, reflecting strong sector momentum. Nvidia's stock has been buoyed by Wall Street's continued optimism, with Morgan Stanley reiterating its top pick status, citing strong underlying dynamics despite mixed near-term data points. Additionally, a notable call option trade on Nvidia realized a 20% same-day gain, indicating bullish sentiment among traders. The semiconductor sector is also benefiting from a potential "Santa rally," as investors anticipate a positive Q4 earnings season.