Why Symbotic Rocketed Some 16% Higher Today

Shares of robotics giant Symbotic (SYM 15.05%) rallied about 16% on Wednesday as of 3 p.m. EDT.There wasn't much in the way of company-specific news today; however, a comment from Amazon (AMZN -0.94%) CEO Andy Jassy may have made investors more bullish on the future of warehouse automation and robotics. Considering Symbotic's leadership in the space and low public float, the stock made a dramatic move higher on the news.AI is going to replace jobs: JassyToday, Amazon CEO Andy Jassy wrote a memo to employees ...