Core Viewpoint - Rambus (RMBS) is experiencing a surge in demand due to its leadership in memory interface chips, particularly for AI data centers, which are ramping up significantly [1] Financial Performance - Rambus reported a revenue growth of 35.2% over the last twelve months (LTM) and an average growth of 18.7% over the past three years [8] - The company has an operating cash flow margin of approximately 45.9% and an average operating margin of 26.4% over the last three years [8] Market Position - Rambus is currently in the top 10 percentile of stocks regarding "trend strength," indicating strong momentum [8] - Despite its positive momentum, RMBS stock is trading 8.6% below its 52-week high, suggesting potential for further upside [8] Investment Thesis - The stock is considered an excellent choice due to strong margins, a low-debt capital structure, reasonable valuation, and strong momentum [3][4] - The investment strategy focuses on capitalizing on momentum and quality, assessed through margins and capital structure [4]