Rambus Inc. provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP. It also provides a portfolios of security IP solutions, including crypto cores, hardware roots of trust, high-speed protocol engines, and chip provisioning technologies; and portfolio of patents that covers memory architecture, high-speed serial links, and security products. It markets its products and services through its direct sales force and distributors. Rambus Inc. was incorporated in 1990 and is headquartered in San Jose, California.

Rambus, Inc.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Forward Air Corp (Symbol: FWRD), where a total volume of 2,135 contracts has been traded thus far today, a contract volume which is representative of approximately 213,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.2% of FWRD's average daily trading volume over the past month, of 452,475 shares. Especially high volume was seen for the $20 strike put option expiring July 18, 2025, with 1,505 contracts trading so far today, representing approximately 150,500 underlying shares of FWRD. Below is a chart showing FWRD's trailing twelve month trading history, with the $20 strike highlighted in orange:
Rambus Inc. (Symbol: RMBS) saw options trading volume of 3,989 contracts, representing approximately 398,900 underlying shares or approximately 46.8% of RMBS's average daily trading volume over the past month, of 851,970 shares. Particularly high volume was seen for the $60 strike put option expiring July 18, 2025, with 1,941 contracts trading so far today, representing approximately 194,100 underlying shares of RMBS. Below is a chart showing RMBS's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Alphabet Inc (Symbol: GOOGL) options are showing a volume of 188,365 contracts thus far today. That number of contracts represents approximately 18.8 million underlying shares, working out to a sizeable 46.4% of GOOGL's average daily trading volume over the past month, of 40.6 million shares. Especially high volume was seen for the $180 strike call option expiring June 20, 2025, with 24,017 contracts trading so far today, representing approximately 2.4 million underlying shares of GOOGL. Below is a chart showing GOOGL's trailing twelve month trading history, with the $180 strike highlighted in orange:
For the various different available expirations for FWRD options, RMBS options, or GOOGL options, visit StockOptionsChannel.com.
Also see:
Top Stocks Held By Nelson Peltz
Top Ten Hedge Funds Holding INN
FLNC Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Monday Option Activity: FWRD, RMBS, GOOGL

NVIDIA Corporation NVDA is set to report its first-quarter fiscal 2026 earnings on May 28, and expectations are high. The company is a leader in artificial intelligence (AI) computing, and its technology plays a key role in powering AI applications across different industries. With strong demand for AI infrastructure, growing use by businesses and increasing investment in generative AI, NVIDIA is likely to post another strong quarter.
Click here to know how NVDA’s overall fiscal first-quarter results are likely to be.
NVIDIA’s Datacenter Segment Expected to Stay Strong
NVIDIA’s datacenter business has been a major reason for its recent growth. In the fourth quarter of fiscal 2025, the segment grew 93% year over year, with revenues hitting $35.58 billion, up 16% from the previous quarter.
This strong trend is expected to continue. Our model projects first-quarter datacenter revenues to hit $38.5 billion, indicating an approximately 71% year-over-year increase and an 8% sequential rise. This growth projection is mainly because companies and cloud providers are investing heavily in AI, and they rely on NVIDIA’s GPUs to build and run AI systems.
NVIDIA’s latest chip designs, Hopper, Ampere and Blackwell, are powering many AI applications, from training large models to providing quick responses in real time. Big tech companies like Microsoft, Amazon and Google continue to use NVIDIA chips in their AI products and services, helping keep demand high.
NVIDIA Corporation Price and EPS Surprise
NVIDIA Corporation price-eps-surprise | NVIDIA Corporation Quote
AI Demand Keeps Pushing NVIDIA Forward
Generative AI is changing how businesses work, creating huge demand for computing power. Whether it's chatbots like ChatGPT, AI content tools or medical research, companies are using AI more than ever, and most of that AI work runs on NVIDIA’s hardware.
The global generative AI market is expected to grow rapidly. Research from Fortune Business Insights estimates the market will reach $967.65 billion by 2032, expanding at a CAGR of 39.6%. This growth helps explain why NVIDIA is seeing such strong results.
NVIDIA’s chips are used across many industries, including healthcare, automotive, manufacturing and cybersecurity, to power things like digital assistants, smart recommendations and language translation. As more businesses add AI tools, NVIDIA’s products are becoming even more important.
NVIDIA expects first-quarter fiscal 2026 revenues to reach $43 billion (+/-2%), underscoring the broad-based strength of AI adoption. This represents a remarkable leap from prior years, as more businesses allocate significant capital toward AI-driven growth initiatives. The Zacks Consensus Estimate is pegged at $42.7 billion, which indicates a whopping 64% increase from the year-ago reported figure.
The consensus mark for the first-quarter EPS is pegged at 85 cents, indicating a year-over-year increase of 39%. The stock has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 7.9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
NVIDIA’s Zacks Rank and Stocks to Consider
Currently, NVIDIA carries a Zacks Rank #3 (Hold).
Impinj PI, StoneCo STNE and Rambus RMBS are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. Impinj, StoneCo and Rambus each sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Impinj’s 2025 earnings has been revised upward by 11 cents to $1.68 per share over the past 30 days and suggests a year-over-year decrease of 32.7%. Impinj shares have plunged 39% over the past year.
The Zacks Consensus Estimate for StoneCo’s 2025 earnings has moved upward by 17 cents to $1.43 per share in the past 30 days, indicating 5.9% year-over-year growth. StoneCo shares have declined 7.1% in the trailing 12 months.
The Zacks Consensus Estimate for Rambus’ 2025 earnings has been revised upward by 14 cents to $2.47 per share in the past 30 days, suggesting a year-over-year increase of 23.5%. Rambus shares have declined 4% over the past year.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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Rambus, Inc. (RMBS) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Impinj, Inc. (PI) : Free Stock Analysis Report
StoneCo Ltd. (STNE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NVIDIA's Q1 Earnings to Benefit From AI and Datacenter Growth

Salesforce, Inc. CRM is set to release its first-quarter fiscal 2026 earnings on May 28, and expectations are high. The company continues to benefit from the growing trend of digital transformation, as more businesses move to the cloud and look for ways to integrate artificial intelligence (AI) into their operations.
Even though the broader economy is facing headwinds, Salesforce is expected to deliver decent revenue and profit growth. Demand remains strong for its cloud-based software and AI-powered tools. The company is also gaining traction in international markets.
However, challenges such as slower deal-making and reduced tech spending by smaller firms could limit Salesforce’s upside this quarter.
Salesforce Inc. Price and EPS Surprise
Salesforce Inc. price-eps-surprise | Salesforce Inc. Quote
Click here to know how Salesforce’s overall fiscal first-quarter results are likely to be.
Cloud and AI Continue to Drive Salesforce’s Sales Growth
Salesforce remains one of the top names in enterprise software, and its business model — offering software through the cloud — keeps gaining momentum. The shift to remote and hybrid work has only made cloud adoption more important. Now, as AI tools become more common, Salesforce is pushing ahead with more automated and intelligent features in its software.
The company offers a wide range of products, from sales and marketing tools to commerce and customer service platforms. This variety helps it stay steady, even when some industries cut back on software spending.
A key growth driver for the first quarter is expected to be Salesforce’s AI tools, especially its Einstein Analytics platform. More companies are turning to AI to improve customer service, sales forecasting and operational efficiency. Salesforce has moved quickly to add generative AI features across its product lines, setting itself apart from competitors.
As theglobal marketfor AI-powered cloud services grows fast, Salesforce is in a good position to benefit. The company’s focus on AI, automation and data analytics is likely to have helped boost its first-quarter performance.
International Growth Adds More Upside for Salesforce
Salesforce’s success isn’t limited to the United States. The company has been expanding into international markets, tapping into rising demand for digital tools from companies across Europe and the Asia-Pacific region.
Many of these businesses are just beginning their digital and AI journeys, and Salesforce’s cloud-based products are seen as flexible and scalable solutions. This global expansion is likely to have played an important role in supporting CRM’s revenue growth in the first quarter.
Macroeconomic Headwinds Remain a Risk for Salesforce
While Salesforce is growing, it’s not completely shielded from the broader economic slowdown. Smaller businesses, a big part of its customer base, are watching their budgets more closely and slowing down spending on IT and software amid the ongoing macroeconomic uncertainties and geopolitical issues.
Salesforce has already noted that deals are taking longer to close. Customers are taking more time to review contracts and pricing, which can reduce the size of deals and delay when revenues are recognized. These slower deal cycles may have some impact on first-quarter numbers.
Still, Salesforce’s core Subscription and Support segment is expected to hold up well. Our estimate suggests it brought in about $9.2 billion in the quarter, up 7.3% year over year. This suggests customers are sticking with the platform despite the tough economic environment.
CRM’s Profitability Focus Keeps the Bottom Line Strong
One of the most important changes at Salesforce recently has been its push for better profitability. Through cost-cutting, staff reductions and improving how it operates, the company has been able to increase earnings, even with slower revenue growth.
Even if deal sizes shrink a bit, Salesforce’s ability to control costs puts it in a good position to grow profits. Its leadership in the customer relationship management space, combined with opportunities to upsell AI tools to existing customers, should help the company continue improving its margins over time.
CRM anticipates non-GAAP earnings per share to be in the band of $2.53-$2.55 for the first quarter. The consensus mark for non-GAAP earnings has remained unchanged at $2.54 per share over the past 60 days, which calls for a 4.1% increase from the year-ago quarter’s level. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Salesforce’s Zacks Rank and Stocks to Consider
Currently, CRM carries a Zacks Rank #3 (Hold).
Impinj PI, StoneCo STNE and Rambus RMBS are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. Impinj, StoneCo and Rambus each sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Impinj’s 2025 earnings has been revised upward by 11 cents to $1.68 per share over the past 30 days, and suggests a year-over-year decrease of 20.4%. Impinj shares have plunged 32.7% over the past year.
The Zacks Consensus Estimate for StoneCo’s 2025 earnings has moved upward by 17 cents to $1.43 per share in the past 30 days, implying 5.9% year-over-year growth. StoneCo shares have fallen 7.1% in the trailing 12 months.
The Zacks Consensus Estimate for Rambus’ 2025 earnings has been revised upward by 14 cents to $2.47 per share in the past 30 days, suggesting a year-over-year increase of 23.5%. Rambus shares have declined 4% over the past year.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Salesforce Inc. (CRM) : Free Stock Analysis Report
Rambus, Inc. (RMBS) : Free Stock Analysis Report
Impinj, Inc. (PI) : Free Stock Analysis Report
StoneCo Ltd. (STNE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

CRM Q1 Earnings: Will AI and Cloud Growth Outweigh Macro Challenges?

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Core S&P U.S. Growth ETF (Symbol: IUSG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $156.17 per unit.
With IUSG trading at a recent price near $139.91 per unit, that means that analysts see 11.62% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IUSG's underlying holdings with notable upside to their analyst target prices are Rambus Inc. (Symbol: RMBS), MasTec Inc. (Symbol: MTZ), and Clean Harbors Inc (Symbol: CLH). Although RMBS has traded at a recent price of $54.52/share, the average analyst target is 32.52% higher at $72.25/share. Similarly, MTZ has 12.46% upside from the recent share price of $150.77 if the average analyst target price of $169.56/share is reached, and analysts on average are expecting CLH to reach a target price of $255.73/share, which is 12.30% above the recent price of $227.72. Below is a twelve month price history chart comparing the stock performance of RMBS, MTZ, and CLH:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
iShares Core S&P U.S. Growth ETF
IUSG
$139.91
$156.17
11.62%
Rambus Inc.
RMBS
$54.52
$72.25
32.52%
MasTec Inc.
MTZ
$150.77
$169.56
12.46%
Clean Harbors Inc
CLH
$227.72
$255.73
12.30%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
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CCAP Next Dividend Date
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Top Ten Hedge Funds Holding DBEZ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Look Under The Hood: IUSG Has 12% Upside

(RTTNews) - Rambus Inc. (RMBS), a provider of chips and IP solutions, reported a significant rise in profit for the first quarter that ended March 31, driven by robust growth across its product and royalty revenues.
Net income climbed to $60.3 million, or $0.56 per share, from $32.9 million, or $0.30 per share, in the prior-year quarter. Revenue grew 41 percent year-over-year to $166.7 million from $117.9 million, reflecting higher contributions from product sales and royalty payments.
Product revenue surged to $76.3 million from $50.4 million a year ago, while royalties rose sharply to $74.0 million from $47.5 million. Contract and other revenue, however, edged down to $16.4 million from $20.0 million in the same period last year.
Shares of Rambus closed Wednesday at $52.22, down $1.28 or 2.51 percent on the Nasdaq.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Rambus Q1 Profit Surges On Strong Revenue Growth

The following companies are expected to report earnings after hours on 04/28/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Cadence Design Systems, Inc. (CDNS)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 8 analysts that follow the stock is $1.17. CDNS reported earnings of $0.85 per share for the same quarter a year ago; representing a a increase of 37.65%.NXP Semiconductors N.V. (NXPI)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 11 analysts that follow the stock is $2.18. NXPI reported earnings of $2.85 per share for the same quarter a year ago; representing a a decrease of -23.51%.SBA Communications Corporation (SBAC)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 5 analysts that follow the stock is $2.95. SBAC reported earnings of $3.29 per share for the same quarter a year ago; representing a a decrease of -10.33%.Cincinnati Financial Corporation (CINF)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 10 analysts that follow the stock is $-0.61. CINF reported earnings of $1.72 per share for the same quarter a year ago; representing a a decrease of -135.47%.F5, Inc. (FFIV)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 6 analysts that follow the stock is $2.33. FFIV reported earnings of $2.2 per share for the same quarter a year ago; representing a a increase of 5.91%.Teradyne, Inc. (TER)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 8 analysts that follow the stock is $0.61. TER reported earnings of $0.51 per share for the same quarter a year ago; representing a a increase of 19.61%.Woodward, Inc. (WWD)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 5 analysts that follow the stock is $1.44. WWD reported earnings of $1.62 per share for the same quarter a year ago; representing a a decrease of -11.11%.UFP Industries, Inc. (UFPI)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 3 analysts that follow the stock is $1.59. UFPI reported earnings of $1.96 per share for the same quarter a year ago; representing a a decrease of -18.88%.Rambus, Inc. (RMBS)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 1 analyst that follows the stock is $0.44. RMBS reported earnings of $0.38 per share for the same quarter a year ago; representing a a increase of 15.79%.Sanmina Corporation (SANM)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 1 analyst that follows the stock is $1.14. SANM reported earnings of $1.04 per share for the same quarter a year ago; representing a a increase of 9.62%.Amkor Technology, Inc. (AMKR)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 5 analysts that follow the stock is $0.09. AMKR reported earnings of $0.24 per share for the same quarter a year ago; representing a a decrease of -62.50%.PotlatchDeltic Corporation (PCH)is reporting for the quarter ending March 31, 2025. The consensus earnings per share forecast from the 4 analysts that follow the stock is $0.20. PCH reported earnings of $0 per share for the same quarter a year ago; representing a
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for April 28, 2025 : CDNS, NXPI, SBAC, CINF, FFIV, TER, WWD, UFPI, RMBS, SANM, AMKR, PCH

The following companies are expected to report earnings after hours on 02/03/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Palantir Technologies Inc. (PLTR)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 8 analysts that follow the stock is $0.05. PLTR reported earnings of $0.03 per share for the same quarter a year ago; representing a a increase of 66.67%.NXP Semiconductors N.V. (NXPI)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 11 analysts that follow the stock is $2.62. NXPI reported earnings of $3.37 per share for the same quarter a year ago; representing a a decrease of -22.26%.Woodward, Inc. (WWD)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 5 analysts that follow the stock is $1.14. WWD reported earnings of $1.45 per share for the same quarter a year ago; representing a a decrease of -21.38%.Rambus, Inc. (RMBS)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 1 analyst that follows the stock is $0.47. RMBS reported earnings of $0.4 per share for the same quarter a year ago; representing a a increase of 17.50%.J & J Snack Foods Corp. (JJSF)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 3 analysts that follow the stock is $0.62. JJSF reported earnings of $0.52 per share for the same quarter a year ago; representing a a increase of 19.23%.Capital Southwest Corporation (CSWC)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 3 analysts that follow the stock is $0.62. CSWC reported earnings of $0.7 per share for the same quarter a year ago; representing a a decrease of -11.43%.Sun Country Airlines Holdings, Inc. (SNCY)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 4 analysts that follow the stock is $0.21. SNCY reported earnings of $0.12 per share for the same quarter a year ago; representing a a increase of 75.00%.Flexsteel Industries, Inc. (FLXS)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 1 analyst that follows the stock is $0.74. FLXS reported earnings of $0.57 per share for the same quarter a year ago; representing a a increase of 29.82%.AECOM (ACM)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 2 analysts that follow the stock is $1.10. ACM reported earnings of $1.05 per share for the same quarter a year ago; representing a a increase of 4.76%.BellRing Brands, Inc. (BRBR)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 7 analysts that follow the stock is $0.47. BRBR reported earnings of $0.43 per share for the same quarter a year ago; representing a a increase of 9.30%.Cabot Corporation (CBT)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 2 analysts that follow the stock is $1.80. CBT reported earnings of $1.56 per share for the same quarter a year ago; representing a a increase of 15.38%.Clorox Company (CLX)is reporting for the quarter ending December 31, 2024. The consensus earnings per share forecast from the 9 analysts that follow the stock is $1.39. CLX reported earnings of $2.16 per share for the same quarter a year ago; representing a a decrease of -35.65%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for February 3, 2025 : PLTR, NXPI, WWD, RMBS, JJSF, CSWC, SNCY, FLXS, ACM, BRBR, CBT, CLX

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Rambus Inc. (Symbol: RMBS), where a total of 2,858 contracts have traded so far, representing approximately 285,800 underlying shares. That amounts to about 44.7% of RMBS's average daily trading volume over the past month of 639,760 shares. Particularly high volume was seen for the $55 strike put option expiring March 21, 2025, with 508 contracts trading so far today, representing approximately 50,800 underlying shares of RMBS. Below is a chart showing RMBS's trailing twelve month trading history, with the $55 strike highlighted in orange:
Hershey Company (Symbol: HSY) options are showing a volume of 7,680 contracts thus far today. That number of contracts represents approximately 768,000 underlying shares, working out to a sizeable 44.5% of HSY's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $150 strike put option expiring January 31, 2025, with 1,411 contracts trading so far today, representing approximately 141,100 underlying shares of HSY. Below is a chart showing HSY's trailing twelve month trading history, with the $150 strike highlighted in orange:
And Digital Realty Trust Inc (Symbol: DLR) saw options trading volume of 7,347 contracts, representing approximately 734,700 underlying shares or approximately 44.3% of DLR's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $165 strike call option expiring February 14, 2025, with 514 contracts trading so far today, representing approximately 51,400 underlying shares of DLR. Below is a chart showing DLR's trailing twelve month trading history, with the $165 strike highlighted in orange:
For the various different available expirations for RMBS options, HSY options, or DLR options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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AVRO Stock Predictions
Institutional Holders of FEPI
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Monday Option Activity: RMBS, HSY, DLR

(RTTNews) - Rambus Inc. (RMBS) will present at the Wells Fargo 8th Annual TMT Summit in Rancho Palos Verdes, CA.
The event is scheduled to begin at 11:00 AM ET on December 3, 2024.
To access the live webcast, log on to https://investor.rambus.com/events-and-presentations/default.aspx
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Rambus To Present At Wells Fargo 8th Annual TMT Summit; Webcast At 11:00 AM ET

Rambus RMBS shares have plunged 22.9% year to date, underperforming the Zacks Electronics - Semiconductors industry, Zacks Computer and Technology sector and the S&P 500 index’s return of 33%, 25.7% and 23.4%, respectively.
Rambus stock continues to face a steady decline due to prolonged pressure on its top-line growth because of reduced spending on traditional servers by enterprise customers. The demand for conventional servers, which have historically driven Rambus' memory interface and security solutions, is declining. The broader enterprise market is shifting its focus toward artificial intelligence (AI) and machine learning workloads that require specialized hardware like graphics processing units rather than traditional CPU-based servers.
This shift results in less capital allocation toward traditional server setups, thereby reducing the need for Rambus’ memory solutions designed for these systems. With capital expenditures increasingly favoring AI-driven systems, RMBS is experiencing reduced demand in its core business.
These factors have also contributed to Rambus reporting lower-than-expected revenues for the second and third quarters of 2024, further eroding investor confidence and forcing its stock price down. To counter these headwinds, RMBS has already laid the foundation on which it can capitalize on emerging market opportunities, particularly in the AI and data center sectors.
Rambus YTD Performance
Image Source: Zacks Investment Research
Rambus Poised to Capitalize on the Growing AI Market
High-performance memory products designed by Rambus, including DDR5 and high bandwidth memory (HBM), are crucial for AI data centers that process large amounts of data efficiently.
The company’s strategic focus on next-generation memory solutions places it in a strong position to benefit from the increasing demand for AI-specific infrastructure. The introduction of new products, including Client Clock driver chip, PCIe 7 IP solutions and HBM4 controller intellectual property chips for next-generation AI workloads, will drive revenues over the long run.
Rambus is also expanding its security portfolio to address the needs of next-generation connected devices and cloud infrastructures. With increased digitalization and security concerns, RMBS' secure memory and cryptography solutions will play a critical role in protecting sensitive data and intellectual property. This provides a strong long-term growth avenue, as security becomes a top priority in data-driven industries like healthcare, finance and telecommunications.
Tech Giants Adopting Rambus Products
Rambus has always been at the forefront of the chip design revolution, bringing in the patents of its industry-leading products and providing them to other companies. Industry leaders like Advanced Micro Devices AMD, NVIDIA NVDA, Broadcom, Cisco CSCO, IBM, Marvell, MediaTek, Micron, Qualcomm and STMicroelectronics use Rambus’ patented technologies and solutions.
Rambus and Advanced Micro Devices signed the first patent license agreement in the mid-2000s. The initial agreement allowed AMD to use RMBS’ patented technologies in various products, including those used in DDR2, DDR3, FB-DIMM, PCI Express and XDR controllers. NVIDIA has been using Rambus’ technology for more than a decade now.
RMBS and Cisco have been in collaboration for a decade with the latter using Rambus’ security technologies in its products.
These advancements and tailwinds are likely to contribute to Rambus’ top-line growth. The Zacks Consensus Estimate for RMBS’ 2024 top line is pegged at $577.9 million, indicating year-over-year growth of 3.5%. The Zacks Consensus Estimate for 2024 earnings is pegged at $1.84, indicating a year-over-year increase of 2.8%.
What Should Investors Do?
Although Rambus is experiencing a slowdown in demand from the traditional market, the company is set to capitalize on emerging markets like data center and AI. Its partnerships with industry leaders like AMD, NVIDIA and Cisco are also a positive sign.
Considering all these factors, we suggest investors to retain this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.7% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
Rambus, Inc. (RMBS) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
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Rambus, Inc.

Fundamental analysis

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