YieldMax AMD Option Income ETF posts 127% return but rated HOLD amid better AMD stock upside potential.

The YieldMax AMD Option Income Strategy ETF (AMDY) delivered a strong 127% total return over the past year with a high 72.67% trailing yield. However, the analyst now rates it as HOLD because while AMDY's strategy benefits from AMD's volatility and gradual price rise, direct investment in AMD stock is more attractive if AI-driven growth accelerates. Recent AMD earnings and major AI partnerships suggest significant future growth, making full participation in AMD's upside preferable to the income-focused trade-off of AMDY. The analyst expects AMDY to generate low double-digit returns over the next 6–12 months but sees better upside potential in AMD stock if AI momentum continues.