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Rising yields and fears of higher-for-longer interest rates caused a big pullback in AI stocks that have already run this year.

Rising yields and fears of higher-for-longer interest rates caused a big pullback in AI stocks that have already run this year.

Rambus Inc. (NASDAQ:RMBS – Get Free Report)’s stock price was down 3.9% on Wednesday following insider selling activity. The stock traded as low as $60.77 and last traded at $60.93. Approximately 353,428 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,675,161 shares. The stock had previously closed […]

Fred Alger Management LLC grew its stake in Rambus Inc. (NASDAQ:RMBS – Free Report) by 127.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 805,631 shares of the semiconductor company’s stock after purchasing an additional 452,190 shares during the period. Fred […]

Fred Alger Management LLC grew its holdings in Rambus Inc. (NASDAQ:RMBS – Free Report) by 127.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 805,631 shares of the semiconductor company’s stock after purchasing an additional 452,190 shares during the period. Fred […]