Rambus Inc. (NASDAQ: RMBS) saw a significant drop in stock price, losing 8.71% to end at $103.72 following disappointing third-quarter net income results. Despite a 22.7% increase in total revenues to $178 million, the company reported flat net income of $48 million. Product revenues surged by 40.9% to $178 million, while contract and other revenues increased by 34% to $20.1 million. CEO Luc Seraphin remains optimistic about the company’s future, expecting fourth-quarter revenues to range from $94 million to $100 million. Investors are urged to consider other AI stocks with potentially higher returns.

Read more at Yahoo Finance: Rambus (RMBS) Ends 3-Day Run on Dismal Earnings