Rambus Inc

RMBS remains in a Stage 2 advancing phase with a long-term uptrend intact, underpinned by higher highs and higher lows. The medium-term bias is Bullish, supported by rising EMAs and the 50 DMA, but short-term price action is neutral after a corrective dip into the 9 EMA and 21 EMA zone, indicating that engagement should be deferred and focused on pullbacks to dynamic support.

• ↑$88M DDR5 product revenue (+15% YoY) drives growth
• ↑Total Q1 revenue $180.2M (+15% YoY) beats estimates
• ↓Valuation implies ~32% overvaluation based on forward earnings