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.

from Gadgets 360 https://ift.tt/1e8juZH