Rambus Expands Its AI Portfolio: How Should Investors Play the Stock?
Rambus(RMBS) ZACKS·2024-10-16 22:35
Rambus (RMBS) shares have plunged 27.4% over the past three months, underperforming the Zacks Electronics - Semiconductors industry's return of 8.4%. RMBS stock also underperformed the Zacks Computer and Technology sector and the S&P 500. The underperformance can mainly be attributed to its lower-than-expected top-line results for the third quarter of 2024. Rambus is facing a slowdown in revenue growth due to the broader enterprise market shifting its focus toward artificial intelligence (AI) and machine le ...