NasdaqGS:RMBSSemiconductor
Rambus (RMBS) Stock Drops As Record Growth Meets Margin Pressure
Rambus stock is absorbing a sharp hit, with shares down about 9% from the prior close near US$96 as investors react to the latest earnings. That price move sits against a quarter that delivered record Q2 revenue of US$207.4m and non GAAP earnings per share of US$0.77, both ahead of management guidance.
The short term tape looks rough. The longer term story still turns on whether high margin memory interface chips and intellectual property tied to artificial intelligence data centers can...