Why Rambus Stock Nose-Dived This Week

A double miss on quarterly estimates displeased the market greatly. Rambus (RMBS -6.19%) had a week to forget, at least as far as its shares were concerned. The chip interface technologies company saw its stock price fall precipitously in the wake of its latest earnings release. All told, it lost nearly 29% over the course of the five trading days, according to data compiled by S&P Global Market Intelligence. Steep decline on the bottom line After market hours on Monday, Rambus bit the bullet and divulged i ...