Nuveen Core Equity Alpha Fund trades at 6% discount, yields 8.4%, suited for income-focused investors amid AI growth.

The Nuveen Core Equity Alpha Fund (JCE) is currently trading at a 5.99% discount to its net asset value and offers an attractive 8.4% yield. Its strategy includes option-writing and a heavy allocation to the tech sector, positioning it to benefit from the growth in AI. However, this also introduces risks to capital preservation during market downturns. While distributions are well covered by realized gains in bull markets, the fund's focus on high yield may limit long-term total returns compared to index ETFs. JCE is best suited for investors seeking income or using tax-advantaged accounts, while growth-oriented investors might prefer traditional ETFs like SPY or QQQ.