Rambus: Evaluating Valuation Amid Recent Share Price Dip

Rambus (RMBS) has experienced a strong year-to-date performance with a 90-day share price return of 38.13% and a total shareholder return of over 625% in the past five years. However, recent share price dip of 8.71% raises concerns about its valuation. The company's sharpened focus on core IP licensing and semiconductor business model supports diversified and recurring revenue streams. Despite this, execution risks and slower adoption of new chip technologies could temper growth outlook.