Why Amazon Stock Suddenly Popped This Morning
On a modestly up day for tech stocks, with the tech-heavy Nasdaq up nearly 1 full percentage point as of 12:25 p.m. ET, shares of tech giant Amazon (NASDAQ: AMZN) are doing better than most -- rising a solid 3%. It would seem they're doing so for a very "techie" reason: non-fungible tokens (NFTs). An Amazon NFT initiative is coming soon, said crypto news source Blockworks in a report late yesterday afternoon.