NuVeen NASDAQ 100 Dynamic Overwrite Fund: Smart Play on AI Panic 2.0

The article discusses the current bear market in software and the impact of AI on software companies. The author argues that the premise of the argument is wrong, especially from an investment standpoint, and that the selloff is overdone. They recommend the Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) as a smart play on this "AI panic 2.0" due to its unique "downside insulation" and 8% dividend. The fund holds NASDAQ 100 stocks and sells covered-call options to generate extra cash, which it uses to support its dividend. The current discount to net asset value is wide but moving toward par.