Analysts Upgrade Micron, Rivian as Amazon Faces Margin Pressure

Analysts upgraded Micron Technology and Rivian Automotive while downgrading Amazon as concerns over costs and e-commerce growth weighed on the retail and cloud giant. The analyst roundup was published Oct. 12 at 10:47 a.m. ET (14:47 UTC). Micron’s upgrade reflected expected shareholder-related catalysts and demand for artificial-intelligence inference, the process of using AI models to generate results. The company makes memory chips used in computing and data-center systems. Rivian’s upgrade focused on stronger deliveries, adoption of its R2 SUV, improving revenue and the company’s prospects for reaching profitability. The R2 is Rivian’s next-generation electric SUV.

Source: TokenPost