Rambus rallies sharply following license deal with Qualcomm The stock is up 6.3% to $13.14 following news that the company had reached a comprehensive patent licensing deal with Qualcomm (QCOM). At current price, next resistance is at $13.58 and then at $13.83. Support is at $12.60.
Rambus reiterated as top small cap specialty semi pick at Citi Citi this morning reiterated Rambus as its top pick among small-cap specialty semiconductors. Following the company's presentation at the NASDAQ investor conference yesterday, Citi continues to think Rambus will likely announce a new license opportunity this year to support Intel's next generation server platform to be launched in 2017. The firm keeps a Buy rating on the stock with a $17.50 price target.