Wall Street

Xiaomi Co: Facing Macro Headwinds

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ValueWalk

Xiaomi Co. (OTCMKTS:XIACF) is currently down 35.70% YTD as it struggles with global macroeconomic headwinds. During the company’s most recent earnings call, Xiaomi gave reasons for its underperformance. Executives stated that the resurgence of COVID-19 and the shortage of key components are the headwinds the company faces, along with a generally unfavorable macro backdrop. These factors contributed to a disappointing first quarter for the company this year, and the business is expected to see an additional downside as the situation worsens. Q1 2022 hedge fund letters, conferences and more Xiao…

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