The YieldMax NVDA Option Income Strategy ETF (NVDY) closed up 2.6% at $23.60 on January 3rd, driven by a significant rise in Nvidia's stock price, which surged 4.43% to $144.44. Nvidia's upward momentum was fueled by its ongoing strength in AI and chip sectors, bolstered by a new collaboration with Cerence for the CaLLM family of language models. This partnership highlights Nvidia's strategic focus on expanding its AI capabilities, which has been a key driver of its stock performance. Additionally, the broader tech sector saw gains, with the S&P 500 and Nasdaq indices rising as technology stocks led the market recovery after a recent downturn. Nvidia's impressive performance over the past year, with a more than 200% increase, continues to attract investor interest, supported by positive analyst ratings and increased price targets.