Why Rambus Stock Plunged Today
Shares of Rambus (RMBS -18.53%) are down 19.2% as of 2:45 p.m. ET Tuesday after the chip interface technologies specialist announced weaker-than-expected quarterly results.Rambus was pleased with its "strong" quarterRambus' fourth-quarter 2023 revenue fell slightly on a year-over-year basis to 52.4 million) was more than offset by declines in product (down 20% to 16.1 million). On the bottom line ...