12/31

Why is NVDY Down Today After Production Challenges

The YieldMax NVDA Option Income Strategy ETF (NVDY) closed down 1.73% at $23.35 on December 31, as NVIDIA Corp's stock fell 2.19% to $134.48 amid a broader market downturn. NVIDIA, a leading player in the AI and GPU markets, is facing a pivotal year ahead with the anticipated launch of its next-generation Blackwell chips. Despite a stellar 2024 performance, with revenues expected to rise over 152% y/y, the company is grappling with production delays and technical issues related to the new chips. These challenges have raised concerns among investors, contributing to the stock's decline. Additionally, the broader market saw modest losses as investors positioned for the New Year, with major indexes retreating in December.