Rambus Q2 Earnings: Hits A Memory Block, High Valuation, Low Returns (Rating Downgrade)

I believe that Rambus' prospects are strong, even though this investment thesis is not blemish-free. Essentially, I discuss what I believe is a questionable use of capital, particularly given the overall macro environment. Ultimately, I believe that Rambus has compelling prospects, especially given its strong focus on being cash flow generative. Rambus (NASDAQ:RMBS) delivered a lackluster outlook that saw its share drop 10% premarket. RMBS Q2 2024 As noted in their earnings call, Rambus is seeing positive c ...