Rambus Stock Rises Heading Into Memorial Day as AI Memory Stocks Wait for Next Move
Rambus Inc. shares jumped 12.5% to close at $142.98 Friday, outperforming the Nasdaq and PHLX semiconductor index ahead of the Memorial Day market closure. The stock rebounded midweek after early declines, gaining over 9% Wednesday and 6% Thursday. Rambus recently reported Q1 revenue of $180.2 million and raised its AI infrastructure profile with new PCIe 7.0 switch IP. A May 22 Form 144 filing signaled a planned insider share sale.