Rambus recedes despite 41% product revenue growth; analysts say buy the dip (RMBS:NASDAQ)

Core Viewpoint - Rambus (NASDAQ:RMBS) shares experienced a 14% decline in early trading following the release of its third-quarter financial results, which showed a 41% year-over-year growth in product revenue and adjusted earnings per share that met consensus estimates [2] Financial Performance - The company reported a 41% increase in product revenue compared to the same quarter last year [2] - Adjusted earnings per share were in line with analysts' consensus estimates, indicating stable performance despite the stock price drop [2] Market Reaction - Despite the significant drop in share price, analysts maintain a positive outlook on Rambus stock, suggesting confidence in its long-term potential [2]