Rambus (RMBS +23.6%) is rallying today following the bloodbath that occurred yesterday...
Rambus (RMBS +23.6%) is rallying today following the bloodbath that occurred yesterday afternoon, on account of the unfavorable verdict issued for its 7-year antitrust suit against Micron (MU -5.9%) and Hynix. Though JPMorgan downgraded Rambus to Neutral in response, its remarks about the selloff being overdone, and the verdict having no impact on existing licensing deals, could be lifting shares.
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