The YieldMax NVDA Option Income Strategy ETF (NVDY) closed at $22.69 on January 17th, up 2.62%, as NVIDIA's stock surged 3.31% to $137.99, driven by positive sentiment in the semiconductor sector. NVIDIA's rise was bolstered by Barclays' price target increase to $175, reflecting confidence in its AI and data center leadership. The semiconductor industry is experiencing a boost from anticipated AI-driven demand, with cloud capital expenditures projected to rise significantly. BofA Research highlighted a $400-$600 billion long-term total addressable market for AI, with NVIDIA as a top pick. The broader tech sector also gained, supported by cooling inflation data and strong corporate earnings, with the S&P 500 on track for its strongest week since November. NVIDIA's stock benefited from this momentum, alongside other major tech stocks.