Micron Downgraded to ‘Underweight’ Rating as PC, Mobile Demand Slows With Inflation

Micron's stock received a rare ‘underweight’ rating from a brokerage as the memory-chip maker faces heavy exposure to mobiles and PCs amid rising inflation leading to limited purchase among customers. Micron shares were down about 6 percent in early trading on Friday.

source https://gadgets360.com/laptops/news/micron-downgraded-underweight-rating-pc-mobile-demand-slow-inflation-3037501#rss-gadgets-all

Atanu Das

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