Why did amzn go up today??? The Nasdaq was dow 0.74% and aapl was down 12%. I am mystified.
Was it because they acquired the voice recognition company? Do folks think this will help with a smartphone offering???
Was it because investors in aapl thought they'd regain there losses in amzn??? I find this hard to believe.
Was it a short squeeze??? I find this hard to believe because short interest is way down and shorts would likely pile in on a down day for tech.
I am just trying to understand this piece of the investing world and I simply don't have a clue right now.